DA Davidson Issues Pessimistic Forecast for TripAdvisor (NASDAQ:TRIP) Stock Price

TripAdvisor (NASDAQ:TRIP) had its price objective decreased by research analysts at DA Davidson from $11.00 to $10.50 in a research note issued on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the travel company’s stock. DA Davidson’s price objective would indicate a potential upside of 9.56% from the company’s current price.

Several other equities research analysts also recently commented on TRIP. Wedbush dropped their target price on TripAdvisor from $15.00 to $12.00 and set a “neutral” rating on the stock in a report on Friday, February 13th. The Goldman Sachs Group dropped their target price on TripAdvisor from $25.00 to $22.00 and set a “buy” rating on the stock in a report on Tuesday, February 17th. BTIG Research reiterated a “buy” rating and set a $15.00 target price on shares of TripAdvisor in a report on Thursday, May 7th. Barclays dropped their target price on TripAdvisor from $10.00 to $9.00 and set an “underweight” rating on the stock in a report on Monday, May 11th. Finally, Zacks Research downgraded TripAdvisor from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 18th. Four equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $14.26.

TripAdvisor Trading Up 1.3%

Shares of TripAdvisor stock traded up $0.12 during trading hours on Monday, reaching $9.58. The stock had a trading volume of 1,003,075 shares, compared to its average volume of 3,499,025. The firm has a 50 day simple moving average of $10.47 and a two-hundred day simple moving average of $12.57. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of 95.67, a P/E/G ratio of 1.74 and a beta of 0.91. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.36. TripAdvisor has a 1 year low of $9.01 and a 1 year high of $20.16.

TripAdvisor (NASDAQ:TRIP) last released its quarterly earnings data on Thursday, May 7th. The travel company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.08). The firm had revenue of $382.40 million during the quarter, compared to analysts’ expectations of $384.69 million. TripAdvisor had a return on equity of 5.73% and a net margin of 0.99%.The business’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.14 earnings per share. As a group, equities research analysts anticipate that TripAdvisor will post 0.74 earnings per share for the current year.

Institutional Investors Weigh In On TripAdvisor

Several hedge funds and other institutional investors have recently bought and sold shares of TRIP. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in TripAdvisor by 29.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 81,998 shares of the travel company’s stock worth $1,162,000 after purchasing an additional 18,699 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in TripAdvisor by 1,183.2% during the 1st quarter. Jones Financial Companies Lllp now owns 6,416 shares of the travel company’s stock worth $85,000 after purchasing an additional 5,916 shares during the last quarter. Empowered Funds LLC increased its holdings in TripAdvisor by 14.2% during the 1st quarter. Empowered Funds LLC now owns 13,475 shares of the travel company’s stock worth $191,000 after purchasing an additional 1,676 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in TripAdvisor by 8.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 297,532 shares of the travel company’s stock worth $4,216,000 after purchasing an additional 22,136 shares during the last quarter. Finally, Creative Planning purchased a new stake in TripAdvisor during the 2nd quarter worth approximately $349,000. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

About TripAdvisor

TripAdvisor (NASDAQ:TRIP) is a leading online travel company that operates a digital platform for travel information, reviews and booking services. The company’s flagship website and mobile apps allow users to access and contribute travel-related content—ranging from hotel and restaurant reviews to ratings for tours, attractions and vacation rentals—helping consumers plan and book trips around the world.

The core of TripAdvisor’s offering is its community-driven review system, which aggregates user-generated feedback alongside editorial content and professional photography.