BTIG Research Reaffirms “Buy” Rating for TripAdvisor (NASDAQ:TRIP)

TripAdvisor (NASDAQ:TRIP)‘s stock had its “buy” rating reaffirmed by BTIG Research in a research report issued on Friday,Benzinga reports. They presently have a $15.00 price objective on the travel company’s stock. BTIG Research’s price objective points to a potential upside of 37.61% from the stock’s current price.

A number of other research analysts have also issued reports on TRIP. The Goldman Sachs Group reduced their price target on TripAdvisor from $25.00 to $22.00 and set a “buy” rating for the company in a research report on Tuesday, February 17th. Cantor Fitzgerald set a $10.00 price target on TripAdvisor and gave the stock an “underweight” rating in a research report on Friday, February 13th. Barclays decreased their price target on TripAdvisor from $10.00 to $9.00 and set an “underweight” rating for the company in a research note on Monday, May 11th. UBS Group decreased their price target on TripAdvisor from $16.00 to $13.70 and set a “neutral” rating for the company in a research note on Monday, April 27th. Finally, DA Davidson decreased their target price on TripAdvisor from $11.00 to $10.50 and set a “neutral” rating for the company in a research note on Monday, May 18th. Four analysts have rated the stock with a Buy rating, seven have issued a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat.com, TripAdvisor has a consensus rating of “Reduce” and a consensus target price of $14.26.

TripAdvisor Trading Up 7.0%

NASDAQ:TRIP opened at $10.90 on Friday. TripAdvisor has a 12-month low of $9.01 and a 12-month high of $20.16. The firm has a market capitalization of $1.27 billion, a P/E ratio of 109.01, a P/E/G ratio of 1.90 and a beta of 0.91. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.25 and a quick ratio of 1.25. The business has a 50 day simple moving average of $10.48 and a 200 day simple moving average of $12.21.

TripAdvisor (NASDAQ:TRIP) last released its quarterly earnings data on Thursday, May 7th. The travel company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.08). TripAdvisor had a net margin of 0.99% and a return on equity of 5.73%. The company had revenue of $382.40 million for the quarter, compared to analyst estimates of $384.69 million. During the same quarter in the prior year, the firm earned $0.14 EPS. The company’s revenue for the quarter was down 4.0% compared to the same quarter last year. Equities research analysts predict that TripAdvisor will post 0.73 EPS for the current year.

Institutional Investors Weigh In On TripAdvisor

Several hedge funds have recently modified their holdings of the stock. Converium Capital Inc. purchased a new stake in shares of TripAdvisor during the first quarter valued at $11,460,000. Bank of America Corp DE lifted its holdings in shares of TripAdvisor by 15.6% during the first quarter. Bank of America Corp DE now owns 842,334 shares of the travel company’s stock valued at $8,979,000 after purchasing an additional 113,843 shares during the last quarter. Kentucky Retirement Systems purchased a new stake in shares of TripAdvisor during the first quarter valued at $98,000. Amundi lifted its holdings in shares of TripAdvisor by 99.3% during the first quarter. Amundi now owns 41,082 shares of the travel company’s stock valued at $438,000 after purchasing an additional 20,468 shares during the last quarter. Finally, California State Teachers Retirement System lifted its holdings in shares of TripAdvisor by 47.0% during the first quarter. California State Teachers Retirement System now owns 141,921 shares of the travel company’s stock valued at $1,513,000 after purchasing an additional 45,401 shares during the last quarter. 98.99% of the stock is 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.