Tripadvisor (NASDAQ:TRIP) Price Target Lowered to $11.00 at Cantor Fitzgerald

Tripadvisor (NASDAQ:TRIP) had its price target cut by Cantor Fitzgerald from $12.00 to $11.00 in a report published on Thursday,Benzinga reports. They currently have an underweight rating on the travel company’s stock.

Other equities research analysts have also recently issued research reports about the company. Truist Financial decreased their target price on Tripadvisor from $21.00 to $17.00 and set a “hold” rating for the company in a research report on Wednesday, September 4th. The Goldman Sachs Group reduced their price objective on Tripadvisor from $27.00 to $24.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. TD Cowen dropped their target price on shares of Tripadvisor from $25.00 to $15.00 and set a “hold” rating on the stock in a research report on Thursday, August 22nd. Citigroup reduced their price target on shares of Tripadvisor from $20.00 to $16.00 and set a “neutral” rating for the company in a report on Tuesday, September 24th. Finally, B. Riley downgraded shares of Tripadvisor from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $26.00 to $19.00 in a report on Wednesday, August 7th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Tripadvisor has an average rating of “Hold” and an average target price of $18.33.

Tripadvisor Price Performance

Shares of TRIP traded up $0.03 during midday trading on Thursday, reaching $15.49. The stock had a trading volume of 2,799,735 shares, compared to its average volume of 2,350,110. The firm’s 50 day moving average price is $14.75 and its 200-day moving average price is $17.06. Tripadvisor has a 52 week low of $12.93 and a 52 week high of $28.76. The company has a market capitalization of $2.15 billion, a P/E ratio of 66.74, a P/E/G ratio of 11.45 and a beta of 1.37. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.68 and a quick ratio of 1.68.

Tripadvisor (NASDAQ:TRIP) last released its earnings results on Tuesday, August 6th. The travel company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.02. Tripadvisor had a net margin of 1.98% and a return on equity of 10.65%. The business had revenue of $497.00 million for the quarter, compared to the consensus estimate of $504.76 million. During the same period last year, the firm posted $0.21 earnings per share. The firm’s quarterly revenue was up .6% compared to the same quarter last year. On average, analysts forecast that Tripadvisor will post 0.38 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Tripadvisor

Several institutional investors and hedge funds have recently added to or reduced their stakes in TRIP. Boston Partners bought a new position in Tripadvisor during the first quarter valued at $131,887,000. Pacer Advisors Inc. bought a new stake in shares of Tripadvisor in the second quarter valued at approximately $33,731,000. Jupiter Asset Management Ltd. lifted its stake in shares of Tripadvisor by 1,150.2% during the 2nd quarter. Jupiter Asset Management Ltd. now owns 1,684,505 shares of the travel company’s stock valued at $30,001,000 after buying an additional 1,549,761 shares in the last quarter. River Road Asset Management LLC boosted its holdings in Tripadvisor by 33.3% in the 3rd quarter. River Road Asset Management LLC now owns 3,670,063 shares of the travel company’s stock worth $53,179,000 after buying an additional 917,689 shares during the period. Finally, AQR Capital Management LLC grew its stake in Tripadvisor by 53.0% in the 2nd quarter. AQR Capital Management LLC now owns 2,375,868 shares of the travel company’s stock valued at $41,364,000 after buying an additional 822,712 shares in the last quarter. Hedge funds and other institutional investors own 98.99% of the company’s stock.

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.