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

TripAdvisor (NASDAQ:TRIPGet Free Report) had its price target dropped by stock analysts at Wedbush from $15.00 to $12.00 in a research note issued to investors on Friday, MarketBeat.com reports. The firm presently has a “neutral” rating on the travel company’s stock. Wedbush’s target price indicates a potential upside of 24.87% from the stock’s previous close.

A number of other research analysts have also weighed in on the company. Wall Street Zen cut shares of TripAdvisor from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 1st. BTIG Research decreased their price target on shares of TripAdvisor from $20.00 to $15.00 and set a “buy” rating on the stock in a research note on Friday. Barclays lowered their price target on shares of TripAdvisor from $13.00 to $10.00 and set an “underweight” rating on the stock in a research report on Friday. Jefferies Financial Group dropped their price objective on shares of TripAdvisor from $13.00 to $12.50 and set an “underperform” rating for the company in a research note on Thursday, December 11th. Finally, Sanford C. Bernstein reissued an “outperform” rating and issued a $20.00 target price on shares of TripAdvisor in a research note on Friday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, eight have assigned a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $15.21.

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TripAdvisor Trading Down 6.9%

Shares of TripAdvisor stock opened at $9.61 on Friday. The company has a current ratio of 1.29, a quick ratio of 1.33 and a debt-to-equity ratio of 1.33. TripAdvisor has a twelve month low of $9.46 and a twelve month high of $20.16. The firm has a market capitalization of $1.12 billion, a PE ratio of 32.03, a P/E/G ratio of 0.83 and a beta of 1.01. The firm’s 50-day moving average price is $13.80 and its 200 day moving average price is $15.50.

TripAdvisor (NASDAQ:TRIPGet Free Report) last announced its earnings results on Thursday, February 12th. The travel company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.11). The firm had revenue of $411.00 million for the quarter, compared to analyst estimates of $412.53 million. TripAdvisor had a net margin of 2.12% and a return on equity of 10.67%. TripAdvisor’s revenue was up .0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.30 EPS. On average, sell-side analysts predict that TripAdvisor will post 0.46 EPS for the current fiscal year.

Institutional Investors Weigh In On TripAdvisor

A number of institutional investors and hedge funds have recently made changes to their positions in TRIP. Kestra Advisory Services LLC purchased a new position in shares of TripAdvisor during the 4th quarter worth approximately $33,000. Soros Fund Management LLC acquired a new position in TripAdvisor during the fourth quarter worth $7,571,000. UMB Bank n.a. boosted its position in shares of TripAdvisor by 295.2% during the fourth quarter. UMB Bank n.a. now owns 2,300 shares of the travel company’s stock worth $33,000 after buying an additional 1,718 shares during the period. Itau Unibanco Holding S.A. acquired a new stake in shares of TripAdvisor in the fourth quarter valued at $249,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of TripAdvisor by 3.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 191,893 shares of the travel company’s stock valued at $2,794,000 after buying an additional 7,036 shares in the last quarter. 98.99% of the stock is owned by hedge funds and other institutional investors.

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TripAdvisor Company Profile

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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.

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