Tripadvisor (NASDAQ:TRIP) Receives “Neutral” Rating from DA Davidson

Tripadvisor (NASDAQ:TRIP)‘s stock had its “neutral” rating restated by DA Davidson in a research report issued on Thursday,Benzinga reports. They currently have a $16.00 price target on the travel company’s stock. DA Davidson’s price target indicates a potential upside of 11.34% from the stock’s previous close.

Several other equities research analysts also recently weighed in on TRIP. Wedbush reissued a “neutral” rating and issued a $17.00 target price (up previously from $16.00) on shares of Tripadvisor in a research note on Thursday, November 7th. Cantor Fitzgerald lowered their target price on shares of Tripadvisor from $12.00 to $11.00 and set an “underweight” rating for the company in a research note on Thursday, November 7th. Citigroup decreased their price objective on shares of Tripadvisor from $20.00 to $16.00 and set a “neutral” rating for the company in a report on Tuesday, September 24th. StockNews.com cut shares of Tripadvisor from a “buy” rating to a “hold” rating in a research report on Saturday, December 14th. Finally, TD Cowen raised their price objective on Tripadvisor from $15.00 to $20.00 and gave the stock a “hold” rating in a report on Thursday, November 7th. 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’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $18.33.

Tripadvisor Price Performance

NASDAQ TRIP traded up $1.42 during trading on Thursday, hitting $14.37. 2,286,487 shares of the stock traded hands, compared to its average volume of 2,278,369. The company has a market capitalization of $2.00 billion, a P/E ratio of 62.48, a price-to-earnings-growth ratio of 9.35 and a beta of 1.36. Tripadvisor has a 12-month low of $12.93 and a 12-month high of $28.76. The firm has a 50-day simple moving average of $14.67 and a 200-day simple moving average of $15.52. 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 (NASDAQ:TRIP) last announced its quarterly earnings results on Wednesday, November 6th. The travel company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.06. The company had revenue of $532.00 million for the quarter, compared to analysts’ expectations of $527.86 million. Tripadvisor had a net margin of 1.98% and a return on equity of 10.37%. Tripadvisor’s quarterly revenue was down .2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.35 earnings per share. As a group, analysts predict that Tripadvisor will post 0.37 EPS for the current year.

Institutional Trading of Tripadvisor

A number of institutional investors have recently made changes to their positions in TRIP. Pacer Advisors Inc. raised its stake in shares of Tripadvisor by 167.6% in the third quarter. Pacer Advisors Inc. now owns 5,067,733 shares of the travel company’s stock worth $73,431,000 after purchasing an additional 3,173,817 shares during the last quarter. Jupiter Asset Management Ltd. boosted its position in Tripadvisor by 1,150.2% during the second quarter. Jupiter Asset Management Ltd. now owns 1,684,505 shares of the travel company’s stock worth $30,001,000 after purchasing an additional 1,549,761 shares in the last quarter. River Road Asset Management LLC increased its holdings in Tripadvisor by 33.3% in the 3rd quarter. River Road Asset Management LLC now owns 3,670,063 shares of the travel company’s stock worth $53,179,000 after acquiring an additional 917,689 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of Tripadvisor by 53.0% during the second quarter. AQR Capital Management LLC now owns 2,375,868 shares of the travel company’s stock worth $41,364,000 after purchasing an additional 822,712 shares in the last quarter. Finally, U S Global Investors Inc. increased its stake in Tripadvisor by 71.8% during the 3rd quarter. U S Global Investors Inc. now owns 1,512,548 shares of the travel company’s stock worth $21,917,000 after buying an additional 632,353 shares in 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.