TripAdvisor (NASDAQ:TRIP) Given New $47.00 Price Target at Wells Fargo & Company

TripAdvisor (NASDAQ:TRIP) had its price objective lifted by research analysts at Wells Fargo & Company from $32.00 to $47.00 in a research note issued to investors on Tuesday, The Fly reports. The firm presently has an “equal weight” rating on the travel company’s stock. Wells Fargo & Company‘s target price suggests a potential upside of 7.55% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the stock. Credit Suisse Group raised their price objective on shares of TripAdvisor from $25.00 to $31.00 and gave the stock a “neutral” rating in a research note on Monday. DA Davidson lifted their price target on shares of TripAdvisor from $26.00 to $46.00 in a research note on Monday. Truist lifted their price target on shares of TripAdvisor from $25.00 to $37.00 in a research note on Thursday, January 21st. Barclays lifted their price target on shares of TripAdvisor from $25.00 to $45.00 in a research note on Monday. Finally, Mizuho lifted their price target on shares of TripAdvisor from $20.00 to $30.00 and gave the company a “neutral” rating in a research note on Monday. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the company’s stock. TripAdvisor has a consensus rating of “Hold” and an average target price of $31.00.

Shares of NASDAQ TRIP opened at $43.70 on Tuesday. The stock has a market capitalization of $5.88 billion, a price-to-earnings ratio of -28.94 and a beta of 1.48. TripAdvisor has a 12 month low of $13.73 and a 12 month high of $46.48. The firm’s 50 day simple moving average is $34.74 and its 200-day simple moving average is $26.16. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.65 and a quick ratio of 2.65.

TripAdvisor (NASDAQ:TRIP) last issued its quarterly earnings data on Thursday, February 18th. The travel company reported ($0.41) EPS for the quarter, topping analysts’ consensus estimates of ($0.42) by $0.01. TripAdvisor had a negative net margin of 24.54% and a negative return on equity of 15.76%. Analysts anticipate that TripAdvisor will post -1.72 earnings per share for the current fiscal year.

In related news, SVP Seth J. Kalvert sold 18,975 shares of the company’s stock in a transaction that occurred on Monday, December 21st. The stock was sold at an average price of $25.69, for a total value of $487,467.75. Following the completion of the transaction, the senior vice president now directly owns 34,098 shares of the company’s stock, valued at $875,977.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Ernst 02494 Teunissen sold 32,722 shares of the company’s stock in a transaction that occurred on Friday, January 8th. The shares were sold at an average price of $34.00, for a total value of $1,112,548.00. Following the completion of the transaction, the chief financial officer now directly owns 23,603 shares of the company’s stock, valued at $802,502. The disclosure for this sale can be found here. Insiders sold 52,047 shares of company stock valued at $1,610,040 over the last ninety days. 3.50% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Bragg Financial Advisors Inc raised its holdings in shares of TripAdvisor by 1.0% during the 4th quarter. Bragg Financial Advisors Inc now owns 31,370 shares of the travel company’s stock valued at $903,000 after buying an additional 325 shares during the period. Malaga Cove Capital LLC lifted its holdings in shares of TripAdvisor by 1.3% in the 3rd quarter. Malaga Cove Capital LLC now owns 52,404 shares of the travel company’s stock worth $1,027,000 after purchasing an additional 685 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of TripAdvisor by 7.0% in the 4th quarter. Victory Capital Management Inc. now owns 13,663 shares of the travel company’s stock worth $393,000 after purchasing an additional 899 shares during the last quarter. Meeder Asset Management Inc. lifted its holdings in shares of TripAdvisor by 473.9% in the 4th quarter. Meeder Asset Management Inc. now owns 1,211 shares of the travel company’s stock worth $35,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Vantage Consulting Group Inc bought a new stake in shares of TripAdvisor in the 4th quarter worth approximately $29,000. Institutional investors own 69.51% of the company’s stock.

About TripAdvisor

TripAdvisor, Inc operates as an online travel company. It operates in two segments, Hotels, Media & Platform; and Experiences & Dining. The company operates TripAdvisor-branded Websites, including tripadvisor.com in the United States; and localized versions of the Website in 48 markets and 28 languages.

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Analyst Recommendations for TripAdvisor (NASDAQ:TRIP)

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