TripAdvisor (TRIP) Earns Neutral Rating from Analysts at DA Davidson

DA Davidson began coverage on shares of TripAdvisor (NASDAQ:TRIP) in a report published on Wednesday, Marketbeat Ratings reports. The brokerage issued a neutral rating and a $46.00 price target on the travel company’s stock.

Other research analysts have also issued research reports about the company. Zacks Investment Research raised TripAdvisor from a sell rating to a buy rating and set a $39.00 price target on the stock in a research report on Thursday, January 11th. Barclays reaffirmed an equal weight rating and set a $41.00 price target (up previously from $35.00) on shares of TripAdvisor in a research report on Friday, February 16th. Piper Jaffray reaffirmed a neutral rating and set a $47.00 price target on shares of TripAdvisor in a research report on Thursday, February 15th. ValuEngine raised TripAdvisor from a sell rating to a hold rating in a research report on Thursday, February 15th. Finally, Wells Fargo reissued a hold rating on shares of TripAdvisor in a report on Wednesday, February 14th. Seven equities research analysts have rated the stock with a sell rating and twenty have given a hold rating to the company. The company has an average rating of Hold and a consensus target price of $40.43.

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TRIP opened at $40.15 on Wednesday. The company has a market cap of $5,756.63, a price-to-earnings ratio of 83.65, a PEG ratio of 4.40 and a beta of 1.83. TripAdvisor has a 52 week low of $29.50 and a 52 week high of $50.95. The company has a current ratio of 2.67, a quick ratio of 2.67 and a debt-to-equity ratio of 0.17.

TripAdvisor (NASDAQ:TRIP) last released its quarterly earnings results on Wednesday, February 14th. The travel company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.08). The firm had revenue of $321.00 million for the quarter, compared to analyst estimates of $309.12 million. TripAdvisor had a positive return on equity of 5.63% and a negative net margin of 1.22%. The company’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period last year, the firm earned $0.16 EPS. equities analysts predict that TripAdvisor will post 0.63 earnings per share for the current fiscal year.

TripAdvisor announced that its board has approved a share buyback program on Wednesday, February 14th that permits the company to buyback $250.00 million in outstanding shares. This buyback authorization permits the travel company to purchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

In other TripAdvisor news, insider Dermot Halpin sold 26,313 shares of the business’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $42.49, for a total transaction of $1,118,039.37. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Ernst 02494 Teunissen sold 9,457 shares of the business’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $40.00, for a total value of $378,280.00. Following the sale, the chief financial officer now owns 13,866 shares in the company, valued at $554,640. The disclosure for this sale can be found here. 1.09% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. boosted its position in TripAdvisor by 3.9% during the fourth quarter. BlackRock Inc. now owns 10,284,829 shares of the travel company’s stock worth $354,417,000 after purchasing an additional 386,662 shares in the last quarter. Jackson Square Partners LLC lifted its position in shares of TripAdvisor by 2.8% in the third quarter. Jackson Square Partners LLC now owns 10,279,727 shares of the travel company’s stock valued at $416,637,000 after acquiring an additional 283,336 shares in the last quarter. Macquarie Group Ltd. lifted its position in shares of TripAdvisor by 4.7% in the fourth quarter. Macquarie Group Ltd. now owns 2,731,365 shares of the travel company’s stock valued at $94,403,000 after acquiring an additional 121,700 shares in the last quarter. First Trust Advisors LP lifted its position in shares of TripAdvisor by 32.1% in the fourth quarter. First Trust Advisors LP now owns 2,439,465 shares of the travel company’s stock valued at $84,064,000 after acquiring an additional 592,258 shares in the last quarter. Finally, Technology Crossover Management IX Ltd. purchased a new stake in shares of TripAdvisor in the fourth quarter valued at $78,603,000. Institutional investors own 89.15% of the company’s stock.

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About TripAdvisor

TripAdvisor, Inc operates as an online travel company. The company operates in two segments, Hotel and Non-Hotel. Its travel platform aggregates reviews and opinions of members about destinations, accommodations, activities and attractions, and restaurants, which enables users to research and plan their travel experiences, as well as book hotels, flights, cruises, vacation rentals, tours, activities and attractions, and restaurant reservations on its site or mobile app, or on the site or app of travel partner sites.

Analyst Recommendations for TripAdvisor (NASDAQ:TRIP)

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