Wedbush Has Lowered Expectations for TripAdvisor (NASDAQ:TRIP) Stock Price

TripAdvisor (NASDAQ:TRIP) had its price objective decreased by stock analysts at Wedbush from $18.00 to $15.00 in a research note issued on Friday, MarketBeat reports. The brokerage currently has a “neutral” rating on the travel company’s stock. Wedbush’s price target would suggest a potential upside of 17.46% from the company’s current price.

Several other research analysts also recently weighed in on TRIP. Mizuho set a $17.00 target price on shares of TripAdvisor and gave the stock a “neutral” rating in a research report on Friday, November 14th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of TripAdvisor in a research note on Monday, December 29th. Barclays cut their target price on shares of TripAdvisor from $14.00 to $13.00 and set an “underweight” rating on the stock in a research note on Friday, November 7th. Wall Street Zen cut TripAdvisor from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 1st. Finally, Zacks Research upgraded TripAdvisor from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 6th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, seven have assigned a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $16.06.

TripAdvisor Stock Performance

TRIP opened at $12.77 on Friday. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 1.21. The firm has a market cap of $1.49 billion, a PE ratio of 19.95, a P/E/G ratio of 1.26 and a beta of 1.01. The business has a fifty day simple moving average of $14.17 and a 200-day simple moving average of $15.72. TripAdvisor has a fifty-two week low of $10.43 and a fifty-two week high of $20.16.

TripAdvisor (NASDAQ:TRIP) last announced its earnings results on Thursday, November 6th. The travel company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.58 by $0.07. The business had revenue of $553.00 million during the quarter, compared to the consensus estimate of $562.92 million. TripAdvisor had a return on equity of 14.77% and a net margin of 4.23%.TripAdvisor’s revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.50 earnings per share. As a group, equities analysts predict that TripAdvisor will post 0.46 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of TRIP. Essex Investment Management Co. LLC grew its stake in shares of TripAdvisor by 75.7% in the 3rd quarter. Essex Investment Management Co. LLC now owns 1,523 shares of the travel company’s stock valued at $25,000 after buying an additional 656 shares in the last quarter. Covestor Ltd lifted its stake in TripAdvisor by 64.8% in the third quarter. Covestor Ltd now owns 1,770 shares of the travel company’s stock valued at $29,000 after acquiring an additional 696 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in TripAdvisor by 39.7% in the third quarter. Smartleaf Asset Management LLC now owns 2,482 shares of the travel company’s stock valued at $42,000 after acquiring an additional 705 shares during the last quarter. Tower Research Capital LLC TRC grew its position in TripAdvisor by 308.1% in the second quarter. Tower Research Capital LLC TRC now owns 4,077 shares of the travel company’s stock worth $53,000 after acquiring an additional 3,078 shares in the last quarter. Finally, CIBC Private Wealth Group LLC acquired a new position in shares of TripAdvisor during the 3rd quarter worth $58,000. 98.99% of the stock is owned by institutional investors and hedge funds.

About TripAdvisor

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.