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 issued to investors on Friday morning,Benzinga reports. BTIG Research currently has a $15.00 target price on the travel company’s stock.

TRIP has been the subject of several other reports. Barclays decreased their price target on shares of TripAdvisor from $10.00 to $9.00 and set an “underweight” rating for the company in a research note on Monday, May 11th. DA Davidson decreased their price target on shares of TripAdvisor from $11.00 to $10.50 and set a “neutral” rating for the company in a research note on Monday, May 18th. Bank of America upgraded shares of TripAdvisor from a “neutral” rating to a “buy” rating and increased their price target for the stock from $14.00 to $15.00 in a research note on Friday, March 27th. JPMorgan Chase & Co. reduced their price objective on shares of TripAdvisor from $12.00 to $11.00 and set an “underweight” rating for the company in a research note on Friday, May 8th. Finally, UBS Group reduced their price objective on shares of TripAdvisor from $16.00 to $13.70 and set a “neutral” rating for the company in a research note on Monday, April 27th. Four analysts have rated the stock with a Buy rating, seven have given a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat.com, TripAdvisor has a consensus rating of “Reduce” and an average target price of $14.26.

TripAdvisor Stock Performance

TripAdvisor stock opened at $11.18 on Friday. The stock’s 50 day simple moving average is $10.52 and its two-hundred day simple moving average is $12.21. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.25 and a current ratio of 1.25. The stock has a market cap of $1.30 billion, a price-to-earnings ratio of 111.81, a PEG ratio of 2.03 and a beta of 0.91. TripAdvisor has a fifty-two week low of $9.01 and a fifty-two week high of $20.16.

TripAdvisor (NASDAQ:TRIP) last posted its quarterly earnings data on Thursday, May 7th. The travel company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.08). The firm had revenue of $382.40 million for the quarter, compared to the consensus estimate of $384.69 million. TripAdvisor had a net margin of 0.99% and a return on equity of 5.73%. The business’s revenue was down 4.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.14 earnings per share. As a group, analysts expect that TripAdvisor will post 0.73 earnings per share for the current fiscal year.

Hedge Funds Weigh In On TripAdvisor

Large investors have recently added to or reduced their stakes in the company. Essex Investment Management Co. LLC lifted its holdings 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 valued at $25,000 after purchasing an additional 656 shares in the last quarter. UMB Bank n.a. lifted its holdings in TripAdvisor by 295.2% during the fourth quarter. UMB Bank n.a. now owns 2,300 shares of the travel company’s stock valued at $33,000 after purchasing an additional 1,718 shares in the last quarter. Kestra Advisory Services LLC purchased a new position in TripAdvisor during the fourth quarter valued at approximately $33,000. Rockefeller Capital Management L.P. lifted its holdings in TripAdvisor by 192.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 2,767 shares of the travel company’s stock valued at $40,000 after purchasing an additional 1,821 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its holdings in TripAdvisor by 39.7% during the third quarter. Smartleaf Asset Management LLC now owns 2,482 shares of the travel company’s stock valued at $42,000 after purchasing an additional 705 shares in the last quarter. Hedge funds and other institutional investors own 98.99% of the company’s stock.

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.