Tripadvisor’s (TRIP) Neutral Rating Reiterated at DA Davidson

DA Davidson reaffirmed their neutral rating on shares of Tripadvisor (NASDAQ:TRIP) in a research report released on Thursday,Benzinga reports. The brokerage currently has a $16.00 price target on the travel company’s stock.

Other equities research analysts also recently issued reports about the stock. Cantor Fitzgerald cut their target price on shares of Tripadvisor from $12.00 to $11.00 and set an “underweight” rating on the stock in a research report on Thursday, November 7th. B. Riley lifted their price objective on shares of Tripadvisor from $19.00 to $20.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. UBS Group decreased their price target on shares of Tripadvisor from $18.00 to $17.00 and set a “neutral” rating for the company in a research note on Thursday, November 7th. TD Cowen upped their target price on shares of Tripadvisor from $15.00 to $20.00 and gave the stock a “hold” rating in a research note on Thursday, November 7th. Finally, Wedbush reiterated a “neutral” rating and issued a $17.00 target price on shares of Tripadvisor in a research note on Thursday, December 19th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Tripadvisor currently has a consensus rating of “Hold” and a consensus target price of $17.71.

Tripadvisor Stock Performance

Shares of TRIP opened at $15.11 on Thursday. The stock has a market capitalization of $2.11 billion, a price-to-earnings ratio of 755.88, a PEG ratio of 9.01 and a beta of 1.34. The company has a current ratio of 2.10, a quick ratio of 1.85 and a debt-to-equity ratio of 0.93. The firm has a fifty day simple moving average of $15.98 and a 200 day simple moving average of $14.99. Tripadvisor has a 12 month low of $12.93 and a 12 month high of $28.76.

Tripadvisor (NASDAQ:TRIP) last released its quarterly earnings results on Thursday, February 20th. The travel company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.08). Tripadvisor had a return on equity of 9.02% and a net margin of 0.33%. The business had revenue of $411.00 million for the quarter, compared to the consensus estimate of $400.02 million. Research analysts forecast that Tripadvisor will post 0.46 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Pacer Advisors Inc. grew its stake in shares of Tripadvisor by 167.6% during the 3rd quarter. Pacer Advisors Inc. now owns 5,067,733 shares of the travel company’s stock valued at $73,431,000 after acquiring an additional 3,173,817 shares during the period. Ameriprise Financial Inc. grew its stake in shares of Tripadvisor by 179.5% during the 4th quarter. Ameriprise Financial Inc. now owns 4,412,426 shares of the travel company’s stock valued at $65,172,000 after acquiring an additional 2,833,528 shares during the period. River Road Asset Management LLC grew its stake in shares of Tripadvisor by 1.3% during the 4th quarter. River Road Asset Management LLC now owns 3,715,961 shares of the travel company’s stock valued at $54,885,000 after acquiring an additional 45,898 shares during the period. Dimensional Fund Advisors LP boosted its stake in Tripadvisor by 20.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,633,866 shares of the travel company’s stock worth $53,674,000 after purchasing an additional 615,519 shares during the period. Finally, State Street Corp boosted its stake in Tripadvisor by 1.0% in the 3rd quarter. State Street Corp now owns 3,457,661 shares of the travel company’s stock worth $50,102,000 after purchasing an additional 33,809 shares during the period. 98.99% of the stock is currently owned by institutional investors.

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.