Tripadvisor (NASDAQ:TRIP) Receives Neutral Rating from DA Davidson

DA Davidson restated their neutral rating on shares of Tripadvisor (NASDAQ:TRIP) in a research report sent to investors on Thursday,Benzinga reports. DA Davidson currently has a $16.00 price objective on the travel company’s stock.

A number of other research firms also recently issued reports on TRIP. TD Cowen boosted their target price 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. Wedbush reissued a “neutral” rating and set a $17.00 price objective (up previously from $16.00) on shares of Tripadvisor in a research report on Thursday, November 7th. B. Riley boosted their target price on Tripadvisor from $19.00 to $20.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. StockNews.com lowered Tripadvisor from a “buy” rating to a “hold” rating in a report on Saturday, December 14th. Finally, Truist Financial decreased their price objective on Tripadvisor from $21.00 to $17.00 and set a “hold” rating for the company in a report on Wednesday, September 4th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Tripadvisor has a consensus rating of “Hold” and a consensus target price of $18.33.

Tripadvisor Stock Performance

Shares of Tripadvisor stock opened at $13.79 on Thursday. The business has a 50-day moving average price of $14.65 and a two-hundred day moving average price of $15.48. Tripadvisor has a 1-year low of $12.93 and a 1-year high of $28.76. 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 company has a market cap of $1.92 billion, a P/E ratio of 59.96, a PEG ratio of 9.35 and a beta of 1.36.

Tripadvisor (NASDAQ:TRIP) last released its earnings results 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 return on equity of 10.37% and a net margin of 1.98%. The business had revenue of $532.00 million during the quarter, compared to analysts’ expectations of $527.86 million. During the same quarter last year, the firm posted $0.35 earnings per share. The firm’s revenue was down .2% on a year-over-year basis. As a group, analysts anticipate that Tripadvisor will post 0.37 EPS for the current year.

Institutional Investors Weigh In On Tripadvisor

Institutional investors have recently added to or reduced their stakes in the company. Pacer Advisors Inc. lifted its position 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 worth $73,431,000 after buying an additional 3,173,817 shares in the last quarter. Jupiter Asset Management Ltd. increased its position in shares of Tripadvisor by 1,150.2% during the second quarter. Jupiter Asset Management Ltd. now owns 1,684,505 shares of the travel company’s stock valued at $30,001,000 after acquiring an additional 1,549,761 shares during the last quarter. River Road Asset Management LLC lifted its holdings in 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 acquiring an additional 917,689 shares during the period. AQR Capital Management LLC boosted its position in Tripadvisor by 53.0% in the second quarter. AQR Capital Management LLC now owns 2,375,868 shares of the travel company’s stock worth $41,364,000 after purchasing an additional 822,712 shares during the last quarter. Finally, U S Global Investors Inc. grew its stake in Tripadvisor by 71.8% in the 3rd quarter. U S Global Investors Inc. now owns 1,512,548 shares of the travel company’s stock valued at $21,917,000 after purchasing an additional 632,353 shares during the period. 98.99% of the stock is 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.