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

DA Davidson restated their neutral rating on shares of Tripadvisor (NASDAQ:TRIP - Free Report) in a report released on Thursday morning,Benzinga reports. DA Davidson currently has a $16.00 target price on the travel company's stock.

Several other brokerages have also weighed in on TRIP. Cantor Fitzgerald dropped their target price on Tripadvisor from $12.00 to $11.00 and set an "underweight" rating on the stock in a research report on Thursday, November 7th. B. Riley increased their price objective on Tripadvisor from $19.00 to $20.00 and gave the stock a "neutral" rating in a report on Thursday, November 7th. StockNews.com lowered shares of Tripadvisor from a "buy" rating to a "hold" rating in a research report on Saturday, December 14th. Wedbush reiterated a "neutral" rating and issued a $17.00 price objective (up from $16.00) on shares of Tripadvisor in a report on Thursday, November 7th. Finally, UBS Group decreased their target price on Tripadvisor from $18.00 to $17.00 and set a "neutral" rating for the company in a research report on Thursday, November 7th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $18.33.

Tripadvisor Stock Up 7.3 %

Shares of NASDAQ TRIP traded up $0.94 during mid-day trading on Thursday, reaching $13.89. The company had a trading volume of 8,614,591 shares, compared to its average volume of 2,306,555. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.85 and a current ratio of 1.85. The company has a market capitalization of $1.94 billion, a price-to-earnings ratio of 60.39, a PEG ratio of 9.35 and a beta of 1.36. The stock has a fifty day moving average of $14.66 and a two-hundred day moving average of $15.51. Tripadvisor has a 12-month low of $12.93 and a 12-month high of $28.76.

Tripadvisor (NASDAQ:TRIP - Get Free Report) last released its earnings results on Wednesday, November 6th. The travel company reported $0.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.44 by $0.06. Tripadvisor had a net margin of 1.98% and a return on equity of 10.37%. The company had revenue of $532.00 million during the quarter, compared to the consensus estimate of $527.86 million. During the same quarter in the prior year, the firm earned $0.35 EPS. The company's revenue was down .2% compared to the same quarter last year. As a group, equities research analysts expect that Tripadvisor will post 0.37 EPS for the current year.

Hedge Funds Weigh In On Tripadvisor

Large investors have recently added to or reduced their stakes in the company. Fifth Third Bancorp raised its stake in shares of Tripadvisor by 104.1% in the 2nd quarter. Fifth Third Bancorp now owns 1,659 shares of the travel company's stock valued at $30,000 after buying an additional 846 shares in the last quarter. Louisiana State Employees Retirement System lifted its stake in Tripadvisor by 2.2% during the second quarter. Louisiana State Employees Retirement System now owns 54,700 shares of the travel company's stock worth $974,000 after purchasing an additional 1,200 shares during the period. KBC Group NV lifted its stake in Tripadvisor by 65.3% during the third quarter. KBC Group NV now owns 4,499 shares of the travel company's stock worth $65,000 after purchasing an additional 1,777 shares during the period. True Wealth Design LLC acquired a new stake in Tripadvisor during the third quarter valued at approximately $27,000. Finally, Capital Performance Advisors LLP bought a new stake in shares of Tripadvisor in the 3rd quarter valued at approximately $28,000. Institutional investors and hedge funds 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.