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

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

Several other brokerages also recently commented on TRIP. B. Riley boosted their target price on Tripadvisor from $19.00 to $20.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Cantor Fitzgerald reduced their price objective on Tripadvisor from $12.00 to $11.00 and set an “underweight” rating on the stock in a research note on Thursday, November 7th. TD Cowen raised their target price on Tripadvisor from $15.00 to $20.00 and gave the company a “hold” rating in a research note on Thursday, November 7th. StockNews.com cut Tripadvisor from a “buy” rating to a “hold” rating in a report on Thursday, January 9th. Finally, UBS Group decreased their price objective on shares of Tripadvisor from $18.00 to $17.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $17.50.

Tripadvisor Stock Performance

Shares of NASDAQ:TRIP opened at $16.50 on Thursday. 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 9.66 and a beta of 1.34. The business’s fifty day moving average price is $15.95 and its two-hundred day moving average price is $15.00. Tripadvisor has a fifty-two week low of $12.93 and a fifty-two week high of $28.76. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.85 and a quick ratio of 1.85.

Tripadvisor (NASDAQ:TRIP) last posted its earnings results on Thursday, February 20th. The travel company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.08). Tripadvisor had a return on equity of 10.37% and a net margin of 1.98%. As a group, analysts predict that Tripadvisor will post 0.36 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in TRIP. CSS LLC IL acquired a new position in shares of Tripadvisor during the 4th quarter worth about $379,000. Vident Advisory LLC grew its stake in Tripadvisor by 22.9% in the fourth quarter. Vident Advisory LLC now owns 164,792 shares of the travel company’s stock valued at $2,434,000 after acquiring an additional 30,752 shares during the period. Point72 Asia Singapore Pte. Ltd. lifted its holdings in shares of Tripadvisor by 150,850.0% during the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 9,057 shares of the travel company’s stock valued at $134,000 after purchasing an additional 9,051 shares in the last quarter. Point72 Asset Management L.P. raised its holdings in shares of Tripadvisor by 483.9% during the fourth quarter. Point72 Asset Management L.P. now owns 723,904 shares of the travel company’s stock worth $10,692,000 after acquiring an additional 599,933 shares during the period. Finally, Quantinno Capital Management LP lifted its position in Tripadvisor by 177.4% in the 4th quarter. Quantinno Capital Management LP now owns 108,689 shares of the travel company’s stock valued at $1,605,000 after acquiring an additional 69,508 shares in the last quarter. Institutional investors and hedge funds own 98.99% of the company’s stock.

About Tripadvisor

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.