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

Tripadvisor (NASDAQ:TRIP)‘s stock had its “neutral” rating restated by analysts at DA Davidson in a research report issued to clients and investors on Thursday,Benzinga reports. They currently have a $16.00 target price on the travel company’s stock. DA Davidson’s price target indicates a potential downside of 3.03% from the company’s current price.

Other analysts have also issued research reports about the stock. Cantor Fitzgerald reduced their price target 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 target on shares of Tripadvisor from $19.00 to $20.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. TD Cowen lifted 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. UBS Group cut their target price on Tripadvisor from $18.00 to $17.00 and set a “neutral” rating on the stock in a research report on Thursday, November 7th. Finally, StockNews.com lowered Tripadvisor from a “buy” rating to a “hold” rating in a research report on Thursday, January 9th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Tripadvisor currently has a consensus rating of “Hold” and an average target price of $17.50.

Tripadvisor Price Performance

Shares of Tripadvisor stock traded down $1.20 on Thursday, hitting $16.50. 5,104,084 shares of the company were exchanged, compared to its average volume of 2,576,126. The stock has a market capitalization of $2.30 billion, a price-to-earnings ratio of 71.74, a price-to-earnings-growth ratio of 9.63 and a beta of 1.34. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.93. The company has a 50-day moving average price of $15.90 and a 200 day moving average price of $14.99. Tripadvisor has a 1-year low of $12.93 and a 1-year 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 the consensus estimate of $0.21 by ($0.08). Tripadvisor had a net margin of 1.98% and a return on equity of 10.37%. As a group, sell-side analysts predict that Tripadvisor will post 0.36 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Tripadvisor

Several institutional investors have recently modified their holdings of TRIP. Pacer Advisors Inc. grew its stake in shares of Tripadvisor by 167.6% in the third quarter. Pacer Advisors Inc. now owns 5,067,733 shares of the travel company’s stock worth $73,431,000 after acquiring an additional 3,173,817 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of Tripadvisor by 179.5% during the fourth quarter. Ameriprise Financial Inc. now owns 4,412,426 shares of the travel company’s stock worth $65,172,000 after purchasing an additional 2,833,528 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Tripadvisor by 40.1% during the fourth quarter. AQR Capital Management LLC now owns 3,364,542 shares of the travel company’s stock worth $49,694,000 after purchasing an additional 962,262 shares in the last quarter. River Road Asset Management LLC grew its stake in shares of Tripadvisor by 33.3% during the third quarter. River Road Asset Management LLC now owns 3,670,063 shares of the travel company’s stock worth $53,179,000 after purchasing an additional 917,689 shares in the last quarter. Finally, Toronado Partners LLC acquired a new position in shares of Tripadvisor during the fourth quarter worth $10,533,000. Institutional investors and hedge funds 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.