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

Tripadvisor (NASDAQ:TRIP)‘s stock had its “neutral” rating reaffirmed by DA Davidson in a research report issued to clients and investors on Thursday,Benzinga reports. They currently have a $16.00 price target on the travel company’s stock. DA Davidson’s price objective would suggest a potential upside of 11.34% from the stock’s current price.

A number of other research analysts have also recently issued reports on TRIP. Cantor Fitzgerald lowered their price objective on Tripadvisor from $12.00 to $11.00 and set an “underweight” rating for the company in a research note on Thursday, November 7th. B. Riley upped their price target on shares of Tripadvisor from $19.00 to $20.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Wedbush restated a “neutral” rating and set a $17.00 price objective (up from $16.00) on shares of Tripadvisor in a research note on Thursday, November 7th. UBS Group dropped their target price on shares of Tripadvisor from $18.00 to $17.00 and set a “neutral” rating on the stock in a research note on Thursday, November 7th. Finally, TD Cowen raised their price target on shares of Tripadvisor from $15.00 to $20.00 and gave the company a “hold” rating in a research report on Thursday, November 7th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $18.33.

Tripadvisor Stock Up 11.0 %

Tripadvisor stock traded up $1.42 on Thursday, hitting $14.37. 2,286,487 shares of the stock traded hands, compared to its average volume of 2,278,369. Tripadvisor has a 1 year low of $12.93 and a 1 year high of $28.76. The firm has a market cap 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. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.93. The business’s fifty day simple moving average is $14.67 and its 200 day simple moving average is $15.52.

Tripadvisor (NASDAQ:TRIP) last posted its quarterly earnings data on Wednesday, November 6th. The travel company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.44 by $0.06. Tripadvisor had a net margin of 1.98% and a return on equity of 10.37%. The business had revenue of $532.00 million for the quarter, compared to analyst estimates of $527.86 million. During the same quarter in the previous year, the firm posted $0.35 earnings per share. Tripadvisor’s quarterly revenue was down .2% on a year-over-year basis. As a group, sell-side analysts forecast that Tripadvisor will post 0.37 earnings per share for the current year.

Institutional Investors Weigh In On Tripadvisor

Hedge funds have recently modified their holdings of the business. Fifth Third Bancorp increased its position in Tripadvisor by 104.1% in the second quarter. Fifth Third Bancorp now owns 1,659 shares of the travel company’s stock worth $30,000 after buying an additional 846 shares in the last quarter. Louisiana State Employees Retirement System increased its holdings in Tripadvisor by 2.2% in the 2nd quarter. Louisiana State Employees Retirement System now owns 54,700 shares of the travel company’s stock worth $974,000 after acquiring an additional 1,200 shares in the last quarter. KBC Group NV raised its stake in Tripadvisor by 65.3% during the 3rd quarter. KBC Group NV now owns 4,499 shares of the travel company’s stock worth $65,000 after acquiring an additional 1,777 shares during the period. True Wealth Design LLC purchased a new position in Tripadvisor during the third quarter valued at approximately $27,000. Finally, Capital Performance Advisors LLP bought a new position in shares of Tripadvisor in the third quarter worth approximately $28,000. Institutional investors own 98.99% of the company’s stock.

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.