Wedbush reissued their neutral rating on shares of Tripadvisor (NASDAQ:TRIP – Free Report) in a report published on Tuesday, Marketbeat Ratings reports. Wedbush currently has a $20.00 price target on the travel company’s stock, up from their previous price target of $17.00.
Other research analysts also recently issued research reports about the company. Truist Financial decreased their price objective on Tripadvisor from $18.00 to $17.00 and set a hold rating on the stock in a research note on Friday, September 15th. StockNews.com initiated coverage on shares of Tripadvisor in a research report on Thursday, October 5th. They set a buy rating on the stock. TD Cowen cut their target price on shares of Tripadvisor from $18.00 to $16.00 and set a market perform rating for the company in a research note on Monday, August 14th. Barclays decreased their price target on shares of Tripadvisor from $15.00 to $14.00 and set an underweight rating on the stock in a research note on Friday, August 4th. Finally, Credit Suisse Group cut their price objective on Tripadvisor from $26.00 to $20.00 and set a neutral rating for the company in a research report on Friday, August 4th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of Hold and an average price target of $20.76.
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Tripadvisor Price Performance
TRIP opened at $17.37 on Tuesday. The stock has a market capitalization of $2.40 billion, a P/E ratio of -96.50 and a beta of 1.43. The company’s 50-day simple moving average is $15.79 and its two-hundred day simple moving average is $16.20. Tripadvisor has a 52-week low of $14.15 and a 52-week high of $27.30. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.73 and a current ratio of 1.95.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in TRIP. Bessemer Group Inc. bought a new stake in Tripadvisor in the second quarter worth about $34,000. Dark Forest Capital Management LP lifted its stake in Tripadvisor by 1,227.3% in the first quarter. Dark Forest Capital Management LP now owns 1,699 shares of the travel company’s stock worth $34,000 after purchasing an additional 1,571 shares during the last quarter. Harvest Fund Management Co. Ltd lifted its stake in Tripadvisor by 1,581.0% in the first quarter. Harvest Fund Management Co. Ltd now owns 4,068 shares of the travel company’s stock worth $81,000 after purchasing an additional 3,826 shares during the last quarter. Quent Capital LLC lifted its stake in Tripadvisor by 15,625.0% in the second quarter. Quent Capital LLC now owns 5,032 shares of the travel company’s stock worth $83,000 after purchasing an additional 5,000 shares during the last quarter. Finally, CWM LLC lifted its stake in Tripadvisor by 1,384.6% in the third quarter. CWM LLC now owns 5,018 shares of the travel company’s stock worth $83,000 after purchasing an additional 4,680 shares during the last quarter. Hedge funds and other institutional investors own 74.17% of the company’s stock.
Tripadvisor Company Profile
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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: Tripadvisor Core, Viator, and TheFork. The Tripadvisor Core 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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