DA Davidson Cuts Tripadvisor (NASDAQ:TRIP) Price Target to $16.00

Tripadvisor (NASDAQ:TRIP) had its price objective trimmed by DA Davidson from $20.00 to $16.00 in a report published on Monday morning, Benzinga reports. The firm currently has a neutral rating on the travel company’s stock.

Other equities research analysts have also recently issued research reports about the company. B. Riley cut Tripadvisor from a buy rating to a neutral rating and lowered their target price for the company from $26.00 to $19.00 in a report on Wednesday, August 7th. JPMorgan Chase & Co. lowered their target price on Tripadvisor from $17.00 to $14.00 and set an underweight rating on the stock in a report on Wednesday, August 7th. UBS Group lowered their target price on Tripadvisor from $20.00 to $18.00 and set a neutral rating on the stock in a report on Wednesday, August 7th. The Goldman Sachs Group reduced their price target on Tripadvisor from $27.00 to $24.00 and set a buy rating on the stock in a research note on Thursday, August 8th. Finally, BTIG Research reduced their price target on Tripadvisor from $25.00 to $20.00 and set a buy rating on the stock in a research note on Wednesday, August 7th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Hold and an average target price of $20.31.

Tripadvisor Stock Performance

TRIP opened at $13.59 on Monday. The stock has a market cap of $1.89 billion, a P/E ratio of 90.61, a P/E/G ratio of 1.19 and a beta of 1.42. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.68 and a quick ratio of 1.68. The stock’s 50 day simple moving average is $17.27 and its 200 day simple moving average is $21.84. Tripadvisor has a 1-year low of $13.30 and a 1-year high of $28.76.

Tripadvisor (NASDAQ:TRIP) last announced its earnings results on Tuesday, August 6th. The travel company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. The firm had revenue of $497.00 million for the quarter, compared to analysts’ expectations of $504.76 million. Tripadvisor had a return on equity of 11.81% and a net margin of 1.32%. Tripadvisor’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.21 EPS. As a group, equities analysts anticipate that Tripadvisor will post 0.63 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in TRIP. Boston Partners purchased a new position in shares of Tripadvisor in the 1st quarter worth $131,887,000. Pacer Advisors Inc. purchased a new position in shares of Tripadvisor in the 2nd quarter worth $33,731,000. Jupiter Asset Management Ltd. raised its position in Tripadvisor by 1,150.2% in the second quarter. Jupiter Asset Management Ltd. now owns 1,684,505 shares of the travel company’s stock valued at $30,001,000 after purchasing an additional 1,549,761 shares during the period. Norges Bank purchased a new position in Tripadvisor in the fourth quarter valued at about $27,807,000. Finally, Vanguard Group Inc. raised its position in Tripadvisor by 6.6% in the fourth quarter. Vanguard Group Inc. now owns 12,876,614 shares of the travel company’s stock valued at $277,233,000 after purchasing an additional 791,940 shares during the period. 98.99% of the stock is owned by hedge funds and other institutional investors.

Tripadvisor Company Profile

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.