DA Davidson reaffirmed their neutral rating on shares of Tripadvisor (NASDAQ:TRIP - Free Report) in a research report sent to investors on Thursday,Benzinga reports. They currently have a $16.00 price target on the travel company's stock.
Other equities research analysts have also recently issued reports about the company. TD Cowen boosted 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. Wedbush reissued a "neutral" rating and set a $17.00 price objective on shares of Tripadvisor in a research note on Thursday, December 19th. 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. StockNews.com cut Tripadvisor from a "buy" rating to a "hold" rating in a research note on Thursday, January 9th. Finally, B. Riley boosted their price objective on Tripadvisor from $19.00 to $20.00 and gave the stock a "neutral" rating in a research note on Thursday, November 7th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $17.71.
Read Our Latest Analysis on TRIP
Tripadvisor Price Performance
Shares of NASDAQ:TRIP traded down $0.09 during mid-day trading on Thursday, reaching $15.02. The stock had a trading volume of 3,335,690 shares, compared to its average volume of 2,677,307. The company has a current ratio of 2.10, a quick ratio of 1.85 and a debt-to-equity ratio of 0.93. The company has a market cap of $2.09 billion, a P/E ratio of 751.38, a price-to-earnings-growth ratio of 9.01 and a beta of 1.34. Tripadvisor has a 1 year low of $12.93 and a 1 year high of $28.76. The business's 50 day moving average price is $16.00 and its 200 day moving average price is $15.01.
Tripadvisor (NASDAQ:TRIP - Get Free Report) last issued its quarterly earnings data 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 9.02% and a net margin of 0.33%. The company had revenue of $411.00 million for the quarter, compared to the consensus estimate of $400.02 million. Research analysts expect that Tripadvisor will post 0.46 EPS for the current fiscal year.
Institutional Trading of Tripadvisor
A number of large investors have recently modified their holdings of TRIP. Assenagon Asset Management S.A. boosted its holdings in shares of Tripadvisor by 4.9% in the third quarter. Assenagon Asset Management S.A. now owns 772,592 shares of the travel company's stock valued at $11,195,000 after purchasing an additional 35,967 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new stake in Tripadvisor during the third quarter worth $207,000. Autumn Glory Partners LLC lifted its holdings in Tripadvisor by 100.0% during the third quarter. Autumn Glory Partners LLC now owns 39,070 shares of the travel company's stock worth $566,000 after buying an additional 19,535 shares during the period. Pallas Capital Advisors LLC purchased a new stake in Tripadvisor during the third quarter worth $247,000. Finally, 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 buying an additional 917,689 shares during the period. Hedge funds and other institutional investors own 98.99% of the company's stock.
About Tripadvisor
(
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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.
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