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

Key Points

• BTIG Research reaffirmed a Buy rating on TripAdvisor with a $15.00 price target, implying roughly a 33.6% upside from the prior close.
• The analyst picture is mixed—4 Buys, 7 Holds and 5 Sells—resulting in a consensus rating of "Reduce" and a consensus target price of $14.51.
• TripAdvisor recently missed earnings (Q EPS -$0.11 vs. -$0.03 estimate) and reported revenue of $382.4M (down 4% YoY); the stock traded around $11.23 with a market cap of about $1.29B.

TripAdvisor (NASDAQ:TRIP - Get Free Report)'s stock had its "buy" rating restated by analysts at BTIG Research in a research report issued on Thursday,Benzinga reports. They currently have a $15.00 price objective on the travel company's stock. BTIG Research's target price would indicate a potential upside of 33.55% from the company's previous close.

Several other equities analysts have also issued reports on the company. The Goldman Sachs Group decreased their price target on TripAdvisor from $25.00 to $22.00 and set a "buy" rating on the stock in a research note on Tuesday, February 17th. Barclays lowered their target price on TripAdvisor from $13.00 to $10.00 and set an "underweight" rating for the company in a research note on Friday, February 13th. Bank of America upgraded shares of TripAdvisor from a "neutral" rating to a "buy" rating and raised their price target for the company from $14.00 to $15.00 in a research note on Friday, March 27th. DA Davidson decreased their price target on shares of TripAdvisor from $16.25 to $11.00 and set a "neutral" rating on the stock in a report on Tuesday, February 17th. Finally, Cantor Fitzgerald set a $10.00 price objective on shares of TripAdvisor and gave the stock an "underweight" rating in a research report on Friday, February 13th. Four research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and five have assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Reduce" and a consensus target price of $14.51.

TripAdvisor Stock Up 0.5%

TRIP stock traded up $0.05 during mid-day trading on Thursday, reaching $11.23. The company had a trading volume of 2,988,180 shares, compared to its average volume of 3,483,803. The company has a market capitalization of $1.29 billion, a price-to-earnings ratio of 37.35, a PEG ratio of 1.90 and a beta of 0.91. TripAdvisor has a 52 week low of $9.01 and a 52 week high of $20.16. The stock has a 50 day simple moving average of $10.49 and a two-hundred day simple moving average of $12.89. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.29 and a quick ratio of 1.29.

TripAdvisor (NASDAQ:TRIP - Get Free Report) last released its earnings results 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). TripAdvisor had a net margin of 2.12% and a return on equity of 10.67%. The firm had revenue of $382.40 million during the quarter, compared to the consensus estimate of $384.69 million. During the same period in the prior year, the business posted $0.14 earnings per share. TripAdvisor's quarterly revenue was down 4.0% compared to the same quarter last year. As a group, equities analysts predict that TripAdvisor will post 0.74 earnings per share for the current fiscal year.

Hedge Funds Weigh In On TripAdvisor

Several institutional investors have recently made changes to their positions in TRIP. Allspring Global Investments Holdings LLC bought a new stake in shares of TripAdvisor during the first quarter valued at approximately $116,000. Illinois Municipal Retirement Fund increased its stake in TripAdvisor by 2.0% during the 1st quarter. Illinois Municipal Retirement Fund now owns 61,011 shares of the travel company's stock valued at $650,000 after purchasing an additional 1,216 shares in the last quarter. Fifth Third Bancorp raised its holdings in TripAdvisor by 11,748.4% during the first quarter. Fifth Third Bancorp now owns 114,337 shares of the travel company's stock worth $1,219,000 after buying an additional 113,372 shares during the last quarter. U S Global Investors Inc. lifted its stake in shares of TripAdvisor by 32.3% in the first quarter. U S Global Investors Inc. now owns 1,372,941 shares of the travel company's stock valued at $14,636,000 after buying an additional 335,087 shares in the last quarter. Finally, K.J. Harrison & Partners Inc grew its holdings in shares of TripAdvisor by 316.7% during the first quarter. K.J. Harrison & Partners Inc now owns 125,000 shares of the travel company's stock valued at $1,332,000 after buying an additional 95,000 shares during the last quarter. Institutional investors and hedge funds 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.

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