DA Davidson Reaffirms “Neutral” Rating for Tripadvisor (NASDAQ:TRIP)

Tripadvisor (NASDAQ:TRIP)‘s stock had its “neutral” rating restated by DA Davidson in a research note issued to 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 upside of 16.03% from the company’s current price.

Several other equities analysts also recently commented on the stock. Truist Financial decreased their price target on shares of Tripadvisor from $21.00 to $17.00 and set a “hold” rating on the stock in a research note on Wednesday, September 4th. B. Riley increased their target price on shares of Tripadvisor from $19.00 to $20.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Cantor Fitzgerald lowered their target price on shares of Tripadvisor from $12.00 to $11.00 and set an “underweight” rating on the stock in a report on Thursday, November 7th. Wedbush reiterated a “neutral” rating and issued a $17.00 price target (up from $16.00) on shares of Tripadvisor in a research note on Thursday, November 7th. Finally, TD Cowen raised their price objective on Tripadvisor from $15.00 to $20.00 and gave the stock a “hold” rating in a research note on Thursday, November 7th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $18.33.

Tripadvisor Trading Down 0.7 %

Shares of TRIP stock opened at $13.79 on Thursday. Tripadvisor has a 12-month low of $12.93 and a 12-month high of $28.76. The firm has a 50 day moving average price of $14.66 and a two-hundred day moving average price of $15.51. 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 market capitalization of $1.92 billion, a PE ratio of 59.96, a price-to-earnings-growth ratio of 9.35 and a beta of 1.36.

Tripadvisor (NASDAQ:TRIP) last released its quarterly earnings results on Wednesday, November 6th. The travel company reported $0.50 earnings per share 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 period last year, the firm posted $0.35 EPS. The firm’s revenue for the quarter was down .2% compared to the same quarter last year. As a group, analysts predict that Tripadvisor will post 0.37 earnings per share for the current year.

Institutional Trading of Tripadvisor

Several institutional investors and hedge funds have recently modified their holdings of TRIP. U S Global Investors Inc. raised its stake in Tripadvisor by 71.8% during the third quarter. U S Global Investors Inc. now owns 1,512,548 shares of the travel company’s stock worth $21,917,000 after acquiring an additional 632,353 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Tripadvisor by 4.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,199,339 shares of the travel company’s stock valued at $17,378,000 after purchasing an additional 55,115 shares during the last quarter. Victory Capital Management Inc. increased its position in Tripadvisor by 214.8% during the 2nd quarter. Victory Capital Management Inc. now owns 176,180 shares of the travel company’s stock worth $3,138,000 after purchasing an additional 120,209 shares in the last quarter. Boussard & Gavaudan Investment Management LLP bought a new position in Tripadvisor in the 3rd quarter valued at approximately $5,159,000. Finally, Wittenberg Investment Management Inc. acquired a new stake in Tripadvisor in the third quarter valued at approximately $1,087,000. 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.