DA Davidson Lowers Tripadvisor (NASDAQ:TRIP) to Neutral

Tripadvisor (NASDAQ:TRIP) was downgraded by equities research analysts at DA Davidson from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Thursday, Briefing.com reports. They currently have a $20.00 target price on the travel company’s stock, down from their prior target price of $31.00. DA Davidson’s price objective would indicate a potential upside of 10.13% from the company’s current price.

Other equities research analysts have also issued reports about the company. B. Riley reissued a “buy” rating and set a $34.00 price objective (up from $27.00) on shares of Tripadvisor in a research note on Friday, February 16th. Wedbush reaffirmed a “neutral” rating and set a $30.00 price objective on shares of Tripadvisor in a research note on Thursday, April 18th. StockNews.com raised shares of Tripadvisor from a “hold” rating to a “buy” rating in a research report on Friday, February 23rd. Mizuho upped their price target on shares of Tripadvisor from $20.00 to $23.00 and gave the company a “neutral” rating in a research report on Friday, February 16th. Finally, The Goldman Sachs Group lifted their price objective on shares of Tripadvisor from $23.00 to $34.00 and gave the stock a “buy” rating in a research report on Tuesday, February 20th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $23.82.

Tripadvisor Stock Performance

TRIP opened at $18.16 on Thursday. The business’s 50 day moving average is $26.64 and its 200-day moving average is $22.48. The company has a current ratio of 2.27, a quick ratio of 2.27 and a debt-to-equity ratio of 1.02. The stock has a market cap of $2.50 billion, a PE ratio of 302.67, a price-to-earnings-growth ratio of 1.62 and a beta of 1.56. Tripadvisor has a twelve month low of $14.15 and a twelve month high of $28.76.

Tripadvisor (NASDAQ:TRIP) last announced its earnings results on Wednesday, February 14th. The travel company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.07 by $0.14. The firm had revenue of $390.00 million for the quarter, compared to analysts’ expectations of $372.93 million. Tripadvisor had a return on equity of 11.69% and a net margin of 0.56%. On average, analysts predict that Tripadvisor will post 0.88 earnings per share for the current year.

Institutional Trading of Tripadvisor

Institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Tripadvisor by 6.6% during 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 in the last quarter. AQR Capital Management LLC boosted its stake in Tripadvisor by 38.1% in the 3rd quarter. AQR Capital Management LLC now owns 5,115,807 shares of the travel company’s stock valued at $84,820,000 after buying an additional 1,410,932 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Tripadvisor by 9.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,438,349 shares of the travel company’s stock valued at $74,027,000 after acquiring an additional 304,975 shares during the period. Norges Bank acquired a new position in Tripadvisor during the fourth quarter worth $27,807,000. Finally, Kettle Hill Capital Management LLC bought a new position in shares of Tripadvisor during the third quarter valued at $19,626,000. 98.99% of the stock is currently owned by 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.