Tripadvisor (NASDAQ:TRIP) Given Neutral Rating at DA Davidson

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

TRIP has been the topic of several other research reports. StockNews.com lowered Tripadvisor from a “buy” rating to a “hold” rating in a report on Thursday, January 9th. Wedbush restated a “neutral” rating and set a $17.00 price target on shares of Tripadvisor in a report on Thursday, December 19th. TD Cowen increased their price target on Tripadvisor from $15.00 to $20.00 and gave the company a “hold” rating in a report on Thursday, November 7th. UBS Group decreased their price target on Tripadvisor from $18.00 to $17.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. Finally, B. Riley increased their price target on Tripadvisor from $19.00 to $20.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $17.71.

Tripadvisor Stock Down 8.4 %

NASDAQ TRIP opened at $15.11 on Thursday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.85 and a current ratio of 2.10. The company has a market capitalization of $2.11 billion, a P/E ratio of 755.88, a P/E/G ratio of 9.01 and a beta of 1.34. Tripadvisor has a one year low of $12.93 and a one year high of $28.76. The stock has a 50 day moving average price of $15.98 and a 200-day moving average price of $14.99.

Tripadvisor (NASDAQ:TRIP) last posted its earnings results on Thursday, February 20th. The travel company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.08). The firm had revenue of $411.00 million for the quarter, compared to the consensus estimate of $400.02 million. Tripadvisor had a net margin of 0.33% and a return on equity of 9.02%. As a group, equities analysts predict that Tripadvisor will post 0.46 EPS for the current fiscal year.

Hedge Funds Weigh In On Tripadvisor

A number of hedge funds and other institutional investors have recently made changes to their positions in TRIP. Pacer Advisors Inc. grew 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. Ameriprise Financial Inc. grew its position in shares of Tripadvisor by 179.5% during the 4th quarter. Ameriprise Financial Inc. now owns 4,412,426 shares of the travel company’s stock worth $65,172,000 after buying an additional 2,833,528 shares in the last quarter. AQR Capital Management LLC grew its position in shares of Tripadvisor by 40.1% during the 4th quarter. AQR Capital Management LLC now owns 3,364,542 shares of the travel company’s stock worth $49,694,000 after buying an additional 962,262 shares in the last quarter. River Road Asset Management LLC boosted its position 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 valued at $53,179,000 after purchasing an additional 917,689 shares in the last quarter. Finally, Toronado Partners LLC bought a new stake in Tripadvisor during the fourth quarter valued at about $10,533,000. Institutional investors 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.