By otakuyassine3@gmail.com 
Wedbush reissued their neutral rating on shares of Tripadvisor (NASDAQ:TRIP – Free Report) in a report published on Thursday morning,RTT News reports. They currently have a $17.00 target price on the travel company’s stock.
Several other equities research analysts have also recently weighed in on the company. Citigroup lowered their target price on Tripadvisor from $20.00 to $16.00 and set a “neutral” rating for the company in a report on Tuesday, September 24th. TD Cowen boosted their price objective on Tripadvisor from $15.00 to $20.00 and gave the company a “hold” rating in a report on Thursday, November 7th. DA Davidson reissued a “neutral” rating and issued a $16.00 price target on shares of Tripadvisor in a report on Thursday. UBS Group decreased their target price on shares of Tripadvisor from $18.00 to $17.00 and set a “neutral” rating for the company in a research note on Thursday, November 7th. Finally, StockNews.com downgraded shares of Tripadvisor from a “buy” rating to a “hold” rating in a report on Saturday, December 14th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $18.33.
View Our Latest Stock Analysis on TRIP
Tripadvisor Stock Down 1.7 %
Shares of NASDAQ:TRIP traded down $0.24 during trading on Thursday, hitting $13.65. The stock had a trading volume of 102,615 shares, compared to its average volume of 2,297,347. The company has a market capitalization of $1.90 billion, a PE ratio of 59.35, a PEG ratio of 9.35 and a beta of 1.36. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.93. Tripadvisor has a 12 month low of $12.93 and a 12 month high of $28.76. The firm’s fifty day moving average is $14.66 and its 200 day moving average is $15.51.
Tripadvisor (NASDAQ:TRIP – Get Free Report) last released its earnings results on Wednesday, November 6th. The travel company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.06. Tripadvisor had a return on equity of 10.37% and a net margin of 1.98%. The company had revenue of $532.00 million for the quarter, compared to the consensus estimate of $527.86 million. During the same period in the previous year, the business earned $0.35 earnings per share. Tripadvisor’s quarterly revenue was down .2% compared to the same quarter last year. Analysts anticipate that Tripadvisor will post 0.37 EPS for the current fiscal year.
Institutional Trading of Tripadvisor
A number of hedge funds have recently bought and sold shares of TRIP. Virtu Financial LLC acquired a new position in Tripadvisor during the 3rd quarter worth approximately $201,000. Geode Capital Management LLC grew its holdings in Tripadvisor by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,822,913 shares of the travel company’s stock worth $26,421,000 after acquiring an additional 18,059 shares in the last quarter. Public Employees Retirement System of Ohio increased its position in shares of Tripadvisor by 7.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 52,534 shares of the travel company’s stock worth $761,000 after purchasing an additional 3,604 shares during the last quarter. XTX Topco Ltd acquired a new stake in shares of Tripadvisor in the 3rd quarter valued at about $208,000. Finally, National Bank of Canada FI lifted its position in shares of Tripadvisor by 31.2% during the third quarter. National Bank of Canada FI now owns 59,455 shares of the travel company’s stock worth $862,000 after purchasing an additional 14,129 shares during the last quarter. Institutional investors and hedge funds own 98.99% of the company’s stock.
About Tripadvisor
TripAdvisor, Inc operates as an online travel company, primarily engages in the provision of travel guidance products and services worldwide. The company operates in three segments: Brand Tripadvisor, Viator, and TheFork. The Brand Tripadvisor segment offers travel guidance platforms for travelers to discover, generate, and share authentic user-generated content in the form of ratings and reviews for destinations, points-of-interest, experiences, accommodations, restaurants, and cruises.
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