Tripadvisor (NASDAQ:TRIP) Given New $13.00 Price Target at Cantor Fitzgerald

Tripadvisor (NASDAQ:TRIP) had its price objective cut by Cantor Fitzgerald from $14.00 to $13.00 in a report released on Friday,Benzinga reports. They currently have an underweight rating on the travel company’s stock.

TRIP has been the topic of a number of other research reports. StockNews.com lowered shares of Tripadvisor from a “buy” rating to a “hold” rating in a report on Thursday, January 9th. TD Cowen lifted their target price on Tripadvisor from $15.00 to $20.00 and gave the stock a “hold” rating in a report on Thursday, November 7th. B. Riley increased their price target on Tripadvisor from $19.00 to $20.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. UBS Group cut their price objective on Tripadvisor from $18.00 to $17.00 and set a “neutral” rating on the stock in a research note on Thursday, November 7th. Finally, JPMorgan Chase & Co. upped their target price on Tripadvisor from $14.00 to $15.00 and gave the company an “underweight” rating in a report on Friday. Three analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $17.71.

Tripadvisor Stock Performance

Shares of TRIP stock opened at $15.11 on Friday. The firm has a market capitalization of $2.11 billion, a price-to-earnings ratio of 755.88, a PEG ratio of 9.01 and a beta of 1.34. The company has a current ratio of 2.10, a quick ratio of 1.85 and a debt-to-equity ratio of 0.93. The business’s 50-day moving average price is $15.98 and its 200-day moving average price is $15.00. Tripadvisor has a 12 month low of $12.93 and a 12 month high of $28.76.

Tripadvisor (NASDAQ:TRIP) last issued its quarterly earnings data on Thursday, February 20th. The travel company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.08). Tripadvisor had a net margin of 0.33% and a return on equity of 9.02%. The business had revenue of $411.00 million during the quarter, compared to the consensus estimate of $400.02 million. Equities research analysts forecast that Tripadvisor will post 0.46 EPS for the current year.

Institutional Investors Weigh In On Tripadvisor

A number of large investors have recently bought and sold shares of the stock. CSS LLC IL bought a new position in shares of Tripadvisor during the 4th quarter worth about $379,000. Vident Advisory LLC raised its stake in Tripadvisor by 22.9% during the 4th quarter. Vident Advisory LLC now owns 164,792 shares of the travel company’s stock worth $2,434,000 after buying an additional 30,752 shares during the period. Point72 Asia Singapore Pte. Ltd. boosted its holdings in Tripadvisor by 150,850.0% in the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 9,057 shares of the travel company’s stock worth $134,000 after acquiring an additional 9,051 shares in the last quarter. Point72 Asset Management L.P. grew its stake in Tripadvisor by 483.9% in the fourth quarter. Point72 Asset Management L.P. now owns 723,904 shares of the travel company’s stock valued at $10,692,000 after acquiring an additional 599,933 shares during the period. Finally, Quantinno Capital Management LP increased its holdings in shares of Tripadvisor by 177.4% during the fourth quarter. Quantinno Capital Management LP now owns 108,689 shares of the travel company’s stock valued at $1,605,000 after acquiring an additional 69,508 shares in the last quarter. 98.99% of the stock is currently owned by institutional investors and hedge funds.

About Tripadvisor

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.