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

Tripadvisor (NASDAQ:TRIP)‘s stock had its “neutral” rating reiterated by analysts at DA Davidson in a research report issued on Thursday,Benzinga reports. They currently have a $16.00 price target on the travel company’s stock. DA Davidson’s target price points to a potential upside of 16.03% from the company’s current price.

A number of other analysts also recently weighed in on TRIP. Citigroup decreased their price objective on Tripadvisor from $20.00 to $16.00 and set a “neutral” rating for the company in a report on Tuesday, September 24th. Wedbush reissued a “neutral” rating and issued a $17.00 price target (up previously from $16.00) on shares of Tripadvisor in a research note on Thursday, November 7th. StockNews.com lowered Tripadvisor from a “buy” rating to a “hold” rating in a research note on Saturday, December 14th. Truist Financial decreased their target price on shares of Tripadvisor from $21.00 to $17.00 and set a “hold” rating for the company in a research report on Wednesday, September 4th. Finally, TD Cowen boosted their price target on shares of Tripadvisor from $15.00 to $20.00 and gave the stock a “hold” rating in a research report on Thursday, November 7th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Tripadvisor currently has an average rating of “Hold” and a consensus target price of $18.33.

Tripadvisor Stock Performance

NASDAQ:TRIP opened at $13.79 on Thursday. The stock’s 50-day moving average is $14.66 and its 200-day moving average is $15.51. 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 stock has a market cap of $1.92 billion, a P/E ratio of 59.96, a price-to-earnings-growth ratio of 9.35 and a beta of 1.36.

Tripadvisor (NASDAQ:TRIP) last posted its earnings results on Wednesday, November 6th. The travel company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.06. The firm had revenue of $532.00 million for the quarter, compared to analyst estimates of $527.86 million. Tripadvisor had a net margin of 1.98% and a return on equity of 10.37%. The company’s revenue for the quarter was down .2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.35 EPS. Equities research analysts anticipate that Tripadvisor will post 0.37 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of TRIP. Pacer Advisors Inc. increased its stake in Tripadvisor by 167.6% in the third quarter. Pacer Advisors Inc. now owns 5,067,733 shares of the travel company’s stock valued at $73,431,000 after purchasing an additional 3,173,817 shares in the last quarter. River Road Asset Management LLC grew its stake in shares of Tripadvisor by 33.3% in the 3rd quarter. River Road Asset Management LLC now owns 3,670,063 shares of the travel company’s stock valued at $53,179,000 after buying an additional 917,689 shares during the period. State Street Corp increased its position in Tripadvisor by 1.0% in the 3rd quarter. State Street Corp now owns 3,457,661 shares of the travel company’s stock valued at $50,102,000 after buying an additional 33,809 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Tripadvisor by 3.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,733,746 shares of the travel company’s stock worth $48,686,000 after buying an additional 95,138 shares during the period. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in Tripadvisor by 15.0% in the third quarter. Jacobs Levy Equity Management Inc. now owns 2,566,342 shares of the travel company’s stock worth $37,186,000 after acquiring an additional 334,961 shares in the last quarter. 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.