TripAdvisor (NASDAQ:TRIP) Upgraded by Wedbush to Hold Rating

Wedbush upgraded shares of TripAdvisor (NASDAQ:TRIP) to a hold rating in a report released on Tuesday morning,Zacks.com reports.

Several other analysts also recently commented on TRIP. DA Davidson reduced their target price on shares of TripAdvisor from $11.00 to $10.50 and set a “neutral” rating for the company in a report on Monday, May 18th. The Goldman Sachs Group reduced their target price on shares of TripAdvisor from $25.00 to $22.00 and set a “buy” rating for the company in a report on Tuesday, February 17th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of TripAdvisor in a report on Friday, May 15th. Zacks Research downgraded shares of TripAdvisor from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 18th. Finally, Bank of America raised shares of TripAdvisor from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $14.00 to $15.00 in a report on Friday, March 27th. Four equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $14.76.

TripAdvisor Stock Performance

Shares of TRIP opened at $11.94 on Tuesday. The firm has a 50-day moving average of $10.58 and a 200-day moving average of $12.16. TripAdvisor has a one year low of $9.01 and a one year high of $20.16. The company has a market cap of $1.39 billion, a PE ratio of 119.41, a price-to-earnings-growth ratio of 2.26 and a beta of 0.90. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.25 and a quick ratio of 1.25.

TripAdvisor (NASDAQ:TRIP) last announced its earnings results on Thursday, May 7th. The travel company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.08). The company had revenue of $382.40 million for the quarter, compared to the consensus estimate of $384.69 million. TripAdvisor had a return on equity of 5.73% and a net margin of 0.99%.The business’s quarterly revenue was down 4.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.14 EPS. As a group, equities analysts forecast that TripAdvisor will post 0.73 earnings per share for the current year.

Institutional Trading of TripAdvisor

Several hedge funds and other institutional investors have recently bought and sold shares of TRIP. Essex Investment Management Co. LLC raised its stake in TripAdvisor by 75.7% in the 3rd quarter. Essex Investment Management Co. LLC now owns 1,523 shares of the travel company’s stock worth $25,000 after purchasing an additional 656 shares in the last quarter. UMB Bank n.a. raised its stake in TripAdvisor by 295.2% in the 4th quarter. UMB Bank n.a. now owns 2,300 shares of the travel company’s stock worth $33,000 after purchasing an additional 1,718 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in TripAdvisor in the 4th quarter worth about $33,000. Rockefeller Capital Management L.P. raised its stake in TripAdvisor by 192.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,767 shares of the travel company’s stock worth $40,000 after purchasing an additional 1,821 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in TripAdvisor by 39.7% in the 3rd quarter. Smartleaf Asset Management LLC now owns 2,482 shares of the travel company’s stock worth $42,000 after purchasing an additional 705 shares in the last quarter. Institutional investors and hedge funds own 98.99% of the company’s stock.

TripAdvisor Company Profile

TripAdvisor (NASDAQ:TRIP) is a leading online travel company that operates a digital platform for travel information, reviews and booking services. The company’s flagship website and mobile apps allow users to access and contribute travel-related content—ranging from hotel and restaurant reviews to ratings for tours, attractions and vacation rentals—helping consumers plan and book trips around the world.

The core of TripAdvisor’s offering is its community-driven review system, which aggregates user-generated feedback alongside editorial content and professional photography.