TripAdvisor (NASDAQ:TRIP) Price Target Raised to $15.50 at DA Davidson

TripAdvisor (NASDAQ:TRIP) had its price objective upped by DA Davidson from $10.50 to $15.50 in a research report issued to clients and investors on Monday, Marketbeat Ratings reports. The firm presently has a “neutral” rating on the travel company’s stock. DA Davidson’s price objective points to a potential upside of 18.73% from the company’s previous close.

Several other brokerages have also recently issued reports on TRIP. UBS Group reduced their target price on shares of TripAdvisor from $16.00 to $13.70 and set a “neutral” rating for the company in a report on Monday, April 27th. B. Riley Financial decreased their price objective on TripAdvisor from $18.00 to $13.00 and set a “neutral” rating for the company in a report on Wednesday, February 18th. Barclays dropped their target price on TripAdvisor from $10.00 to $9.00 and set an “underweight” rating on the stock in a report on Monday, May 11th. JPMorgan Chase & Co. lowered their price objective on TripAdvisor from $12.00 to $11.00 and set an “underweight” rating on the stock in a research report on Friday, May 8th. Finally, The Goldman Sachs Group cut their target price on shares of TripAdvisor from $25.00 to $22.00 and set a “buy” rating for the company in a report on Tuesday, February 17th. Five analysts have rated the stock with a Buy rating, six have issued a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat.com, TripAdvisor currently has a consensus rating of “Hold” and a consensus target price of $15.12.

TripAdvisor Stock Up 5.2%

NASDAQ:TRIP traded up $0.65 during mid-day trading on Monday, hitting $13.06. 10,752,416 shares of the company’s stock traded hands, compared to its average volume of 3,696,878. The company has a fifty day moving average of $10.92 and a 200 day moving average of $11.99. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.25 and a current ratio of 1.25. TripAdvisor has a twelve month low of $9.01 and a twelve month high of $20.16. The company has a market capitalization of $1.52 billion, a P/E ratio of 130.36, a P/E/G ratio of 2.44 and a beta of 0.90.

TripAdvisor (NASDAQ:TRIP) last issued its quarterly earnings results on Thursday, May 7th. The travel company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.08). The business had revenue of $382.40 million during the quarter, compared to analyst estimates of $384.69 million. TripAdvisor had a return on equity of 5.73% and a net margin of 0.99%.TripAdvisor’s revenue was down 4.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.14 EPS. On average, analysts forecast that TripAdvisor will post 0.69 EPS for the current year.

Insider Buying and Selling at TripAdvisor

In other news, CEO Almir Ambeskovic sold 8,000 shares of TripAdvisor stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $12.30, for a total value of $98,400.00. Following the sale, the chief executive officer directly owned 34,396 shares of the company’s stock, valued at $423,070.80. The trade was a 18.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Alyeska Investment Group L.P. purchased a new stake in shares of TripAdvisor during the third quarter worth $26,848,000. Ameriprise Financial Inc. boosted its position in TripAdvisor by 24.2% during the third quarter. Ameriprise Financial Inc. now owns 7,416,019 shares of the travel company’s stock worth $120,585,000 after acquiring an additional 1,445,607 shares during the last quarter. Converium Capital Inc. acquired a new position in TripAdvisor during the first quarter worth about $11,460,000. SG Americas Securities LLC grew its stake in TripAdvisor by 1,712.3% during the 4th quarter. SG Americas Securities LLC now owns 1,107,995 shares of the travel company’s stock valued at $16,132,000 after acquiring an additional 1,046,858 shares in the last quarter. Finally, Holocene Advisors LP grew its stake in TripAdvisor by 78.5% during the 3rd quarter. Holocene Advisors LP now owns 2,210,903 shares of the travel company’s stock valued at $35,949,000 after acquiring an additional 972,369 shares in the last quarter. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Key Headlines Impacting TripAdvisor

Here are the key news stories impacting TripAdvisor this week:

• Positive Sentiment: TripAdvisor agreed to sell TheFork to American Express for $700 million in cash, a move that could unlock hidden value and strengthen the company’s financial position. Tripadvisor Enters into Agreement to Sell TheFork to American Express for $700 Million
• Positive Sentiment: Analyst commentary also turned supportive, with Jefferies reportedly reiterating a Buy rating and citing the deal as a catalyst that could reveal value in TripAdvisor’s asset portfolio. Jefferies’ Fuller Reiterates Buy on TripAdvisor After TheFork Sale Unlocks Hidden Value, Sees Upside to $15 Price Target
• Neutral Sentiment: Reuters reported the deal sent the stock up sharply in premarket trading, reflecting investor optimism around the transaction’s strategic and financial benefits. American Express to buy Tripadvisor’s restaurant booking platform TheFork in $700 million deal
• Negative Sentiment: Before the deal news, traders were already buying put options on TripAdvisor, suggesting some investors had been positioning for downside or volatility. Traders Buy High Volume of TripAdvisor Put Options (NASDAQ:TRIP)

TripAdvisor Company Profile

TripAdvisor (NASDAQ:TRIP) is a leading online travel company that operates a digital platform for travel information, reviews and booking services. The company’s flagship website and mobile apps allow users to access and contribute travel-related content—ranging from hotel and restaurant reviews to ratings for tours, attractions and vacation rentals—helping consumers plan and book trips around the world.

The core of TripAdvisor’s offering is its community-driven review system, which aggregates user-generated feedback alongside editorial content and professional photography.