Wedbush Reiterates Buy Rating for TRIP with $20 Target
Wedbush maintains a Buy rating on TRIP with a $20 target as of June 16, 2026.
Key Points
- On June 16, 2026, Wedbush reiterated its Buy rating on TRIP, setting a price target of $20.
- TRIP shares recently traded at $12.61, reflecting the company's ongoing market performance.
- Institutional activity includes Starboard Value LP adding 1.13 million shares, reaching 10.77 million shares valued at about $114.86 million.
On June 16, 2026, Wedbush reiterated its Buy rating for TRIP, setting a price target of $20. This decision comes as TRIP shares recently traded around $12.61.
Other Institutional Activity in TRIP
Among TRIP's major institutional investors, Starboard Value LP notably added 1.13 million shares, bringing its total holdings to about 10.77 million shares worth approximately $114.86 million. Meanwhile, BlackRock, Inc. trimmed its position by 95,016 shares, ending with 16.81 million shares valued at $179.17 million. Ameriprise Financial Inc also increased its stake by 115,161 shares to hold 8.36 million shares, valued at about $89.07 million. Vanguard Portfolio Management LLC and Vanguard Capital Management LLC both established new positions, each holding 6.58 million and 5.18 million shares, respectively. Nuveen, LLC significantly boosted its holdings by 1.61 million shares, totaling 4.97 million shares valued at $52.96 million.
TRIP Stock Snapshot
TRIP shares recently traded at $12.61. Although specific details about TRIP's market cap and P/E ratio are unavailable, the stock's performance is closely watched by investors. The company's recent trading activity and institutional interest reflect its current market standing.
Insider Buying and Selling at Tripadvisor, Inc.
Recent insider activity at TRIP includes several transactions by Almir Ambeskovic, CEO of TheFork. On June 2, 2026, Ambeskovic sold 8,000 shares at an average price of $12.30 under a pre-planned Rule 10b5-1 trading plan. Earlier, on May 18, 2026, he sold 4,471 shares at $9.74. On May 15, 2026, Ambeskovic bought 9,259 shares at an average price of $10.93 and sold the same amount later that day. Additionally, Kristen Ann Dalton, Chief Strategy & Ops Officer, sold 2,905 shares at $9.60 on May 15, 2026. Matt Goldberg, CEO and President, sold 27,208 shares on the same date.
Analysts Set New Price Targets
On June 16, 2026, Wedbush maintained its Buy rating for TRIP, with a price target of $20. DA Davidson also maintained a Hold rating on June 15, 2026, with a target of $15.50. Earlier, BTIG reiterated a Buy rating on May 7, 2026, setting a target of $15. The consensus among analysts is mixed, with varied ratings and price targets, reflecting differing outlooks on TRIP's future performance.
About TRIP
TRIP is a travel and restaurant review company that provides a platform for users to share their experiences and opinions. Headquartered in the United States, it connects travelers with information about hotels, attractions, and dining options. The company operates globally, helping users plan their trips and make informed decisions.
Bottom Line
Wedbush's reaffirmation of its Buy rating with a $20 price target suggests continued confidence in TRIP's potential. Recent institutional activity and insider transactions highlight the interest and movements within the company. As always, 13F filings and analyst reports are historical and may not reflect current positions, but they provide insight into investor sentiment and market trends.
See Also
This instant news alert was generated by automated narrative technology and financial data from EarningsIQ and public regulatory filings. It is for informational purposes only and is not financial advice.