Tripadvisor (NASDAQ:TRIP) Stock Rating Reaffirmed by Cantor Fitzgerald

Tripadvisor (NASDAQ:TRIP)‘s stock had its “underweight” rating reissued by equities researchers at Cantor Fitzgerald in a report issued on Monday, Benzinga reports. They currently have a $12.00 target price on the travel company’s stock. Cantor Fitzgerald’s target price suggests a potential downside of 19.08% from the stock’s current price.

Other equities research analysts also recently issued research reports about the company. UBS Group reduced their target price on Tripadvisor from $20.00 to $18.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 7th. JPMorgan Chase & Co. reduced their price objective on shares of Tripadvisor from $17.00 to $14.00 and set an “underweight” rating on the stock in a report on Wednesday, August 7th. The Goldman Sachs Group lowered their target price on shares of Tripadvisor from $27.00 to $24.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Wedbush reissued a “neutral” rating and issued a $21.00 price target on shares of Tripadvisor in a research note on Wednesday, August 7th. Finally, TD Cowen lowered their price objective on shares of Tripadvisor from $25.00 to $15.00 and set a “hold” rating for the company in a research report on Thursday, August 22nd. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Tripadvisor currently has an average rating of “Hold” and an average target price of $18.33.

Tripadvisor Stock Performance

Shares of Tripadvisor stock opened at $14.83 on Monday. The business’s 50 day moving average price is $15.06 and its 200 day moving average price is $19.60. The company has a market cap of $2.07 billion, a price-to-earnings ratio of 98.87, a PEG ratio of 1.76 and a beta of 1.39. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.68 and a current ratio of 1.68. Tripadvisor has a one year low of $12.93 and a one year high of $28.76.

Tripadvisor (NASDAQ:TRIP) last released its quarterly earnings data on Tuesday, August 6th. The travel company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.02. The firm had revenue of $497.00 million during the quarter, compared to analysts’ expectations of $504.76 million. Tripadvisor had a net margin of 1.32% and a return on equity of 11.81%. Tripadvisor’s revenue was up .6% compared to the same quarter last year. During the same period last year, the business earned $0.21 earnings per share. On average, research analysts predict that Tripadvisor will post 0.43 EPS for the current year.

Hedge Funds Weigh In On Tripadvisor

Hedge funds have recently added to or reduced their stakes in the stock. SYSTM Wealth Solutions LLC raised its position in Tripadvisor by 10.5% in the 1st quarter. SYSTM Wealth Solutions LLC now owns 4,527 shares of the travel company’s stock valued at $126,000 after purchasing an additional 432 shares during the last quarter. Fifth Third Bancorp grew its stake in Tripadvisor by 104.1% in the 2nd quarter. Fifth Third Bancorp now owns 1,659 shares of the travel company’s stock worth $30,000 after acquiring an additional 846 shares during the period. Quadrant Capital Group LLC increased its stake in Tripadvisor by 52.6% in the fourth quarter. Quadrant Capital Group LLC now owns 2,497 shares of the travel company’s stock valued at $54,000 after purchasing an additional 861 shares during the last quarter. Swiss National Bank boosted its position in shares of Tripadvisor by 0.6% in the first quarter. Swiss National Bank now owns 210,900 shares of the travel company’s stock worth $5,861,000 after acquiring an additional 1,200 shares during the last quarter. Finally, Louisiana State Employees Retirement System grew its stake in shares of Tripadvisor by 2.2% during the 2nd quarter. Louisiana State Employees Retirement System now owns 54,700 shares of the travel company’s stock valued at $974,000 after buying an additional 1,200 shares during the period. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

Tripadvisor Company Profile

TripAdvisor, Inc operates as an online travel company, primarily engages in the provision of travel guidance products and services worldwide. The company operates in three segments: Brand Tripadvisor, Viator, and TheFork. The Brand Tripadvisor segment offers travel guidance platforms for travelers to discover, generate, and share authentic user-generated content in the form of ratings and reviews for destinations, points-of-interest, experiences, accommodations, restaurants, and cruises.