TripAdvisor (NASDAQ:TRIP) Receives Buy Rating from BTIG Research

BTIG Research reaffirmed their buy rating on shares of TripAdvisor (NASDAQ:TRIP) in a research note published on Thursday,Benzinga reports. BTIG Research currently has a $15.00 price objective on the travel company’s stock.

TRIP has been the topic of several other reports. B. Riley Financial cut their target price on TripAdvisor from $18.00 to $13.00 and set a “neutral” rating on the stock in a report on Wednesday, February 18th. Bank of America upgraded TripAdvisor from a “neutral” rating to a “buy” rating and raised their target price for the company from $14.00 to $15.00 in a report on Friday, March 27th. Barclays lowered their price target on TripAdvisor from $13.00 to $10.00 and set an “underweight” rating on the stock in a research report on Friday, February 13th. Wall Street Zen downgraded TripAdvisor from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. Finally, DA Davidson lowered their price target on TripAdvisor from $16.25 to $11.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 17th. Four investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $14.51.

TripAdvisor Price Performance

Shares of NASDAQ:TRIP opened at $11.23 on Thursday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 1.33. TripAdvisor has a 1 year low of $9.01 and a 1 year high of $20.16. The business has a fifty day simple moving average of $10.51 and a 200 day simple moving average of $12.86. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of 37.43, a P/E/G ratio of 1.89 and a beta of 0.91.

TripAdvisor (NASDAQ:TRIP) last announced its quarterly earnings data on Thursday, May 7th. The travel company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.08). TripAdvisor had a return on equity of 10.67% and a net margin of 2.12%.The firm had revenue of $382.40 million for the quarter, compared to analysts’ expectations of $384.69 million. During the same quarter in the prior year, the business posted $0.14 earnings per share. TripAdvisor’s revenue was down 4.0% on a year-over-year basis. As a group, sell-side analysts predict that TripAdvisor will post 0.74 earnings per share for the current fiscal year.

Institutional Investors Weigh In On TripAdvisor

Institutional investors have recently added to or reduced their stakes in the company. Essex Investment Management Co. LLC grew its position in TripAdvisor by 75.7% during the third quarter. Essex Investment Management Co. LLC now owns 1,523 shares of the travel company’s stock worth $25,000 after buying an additional 656 shares in the last quarter. Covestor Ltd grew its position in TripAdvisor by 64.8% during the third quarter. Covestor Ltd now owns 1,770 shares of the travel company’s stock worth $29,000 after buying an additional 696 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in TripAdvisor during the fourth quarter worth about $33,000. UMB Bank n.a. grew its position in TripAdvisor by 295.2% during the fourth quarter. UMB Bank n.a. now owns 2,300 shares of the travel company’s stock worth $33,000 after buying an additional 1,718 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its position in TripAdvisor by 39.7% during the third quarter. Smartleaf Asset Management LLC now owns 2,482 shares of the travel company’s stock worth $42,000 after buying an additional 705 shares in the last quarter. 98.99% of the stock is owned by institutional investors and hedge funds.

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.