Tripadvisor (NASDAQ:TRIP) Price Target Cut to $13.00 by Analysts at Cantor Fitzgerald

Tripadvisor (NASDAQ:TRIP) had its price target dropped by Cantor Fitzgerald from $14.00 to $13.00 in a report released on Friday,Benzinga reports. The brokerage currently has an “underweight” rating on the travel company’s stock. Cantor Fitzgerald’s price target would suggest a potential downside of 15.51% from the company’s previous close.

A number of other brokerages also recently commented on TRIP. DA Davidson restated a “neutral” rating and issued a $16.00 target price on shares of Tripadvisor in a research note on Thursday. B. Riley upped their target price on Tripadvisor from $19.00 to $20.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. TD Cowen upped their target price on Tripadvisor from $15.00 to $20.00 and gave the stock a “hold” rating in a research note on Thursday, November 7th. Wedbush restated a “neutral” rating and issued a $17.00 target price on shares of Tripadvisor in a research note on Thursday, December 19th. Finally, StockNews.com downgraded Tripadvisor from a “buy” rating to a “hold” rating in a research note on Thursday, January 9th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $17.71.

Tripadvisor Stock Performance

Tripadvisor stock traded down $1.11 during trading hours on Friday, hitting $15.39. 1,504,312 shares of the stock traded hands, compared to its average volume of 2,542,274. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.85 and a quick ratio of 1.85. The firm’s 50 day moving average price is $15.95 and its 200-day moving average price is $15.00. The stock has a market capitalization of $2.14 billion, a price-to-earnings ratio of 66.85, a P/E/G ratio of 9.66 and a beta of 1.34. Tripadvisor has a 1 year low of $12.93 and a 1 year high of $28.76.

Tripadvisor (NASDAQ:TRIP) last posted its quarterly earnings results on Thursday, February 20th. The travel company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.08). The firm had revenue of $411.00 million for the quarter, compared to analysts’ expectations of $400.02 million. Tripadvisor had a net margin of 1.98% and a return on equity of 10.37%. As a group, equities analysts expect that Tripadvisor will post 0.36 EPS for the current fiscal year.

Hedge Funds Weigh In On Tripadvisor

A number of hedge funds have recently made changes to their positions in the company. Pacer Advisors Inc. raised its holdings in shares of Tripadvisor by 167.6% during the third quarter. Pacer Advisors Inc. now owns 5,067,733 shares of the travel company’s stock valued at $73,431,000 after acquiring an additional 3,173,817 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Tripadvisor by 179.5% in the fourth quarter. Ameriprise Financial Inc. now owns 4,412,426 shares of the travel company’s stock valued at $65,172,000 after purchasing an additional 2,833,528 shares during the last quarter. River Road Asset Management LLC increased its holdings in shares of Tripadvisor by 1.3% in the fourth quarter. River Road Asset Management LLC now owns 3,715,961 shares of the travel company’s stock valued at $54,885,000 after purchasing an additional 45,898 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Tripadvisor by 20.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,633,866 shares of the travel company’s stock worth $53,674,000 after acquiring an additional 615,519 shares during the period. Finally, State Street Corp grew its position in Tripadvisor by 1.0% in the third quarter. State Street Corp now owns 3,457,661 shares of the travel company’s stock worth $50,102,000 after acquiring an additional 33,809 shares during the period. Institutional investors and hedge funds 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.