Tripadvisor (NASDAQ:TRIP) Given New $11.00 Price Target at Cantor Fitzgerald

Tripadvisor (NASDAQ:TRIP) had its price objective reduced by analysts at Cantor Fitzgerald from $12.00 to $11.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage presently has an “underweight” rating on the travel company’s stock. Cantor Fitzgerald’s target price would suggest a potential downside of 33.53% from the company’s previous close.

A number of other research analysts also recently weighed in on TRIP. BMO Capital Markets decreased their price target on Tripadvisor from $20.00 to $17.00 and set a “market perform” rating for the company in a research note on Wednesday, August 7th. B. Riley cut shares of Tripadvisor from a “buy” rating to a “neutral” rating and decreased their target price for the company from $26.00 to $19.00 in a research note on Wednesday, August 7th. Wedbush restated a “neutral” rating and set a $21.00 target price on shares of Tripadvisor in a report on Wednesday, August 7th. BTIG Research cut their price target on shares of Tripadvisor from $25.00 to $20.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. Finally, Citigroup lowered their price objective on shares of Tripadvisor from $20.00 to $16.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 24th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $18.27.

Tripadvisor Stock Down 4.9 %

Shares of NASDAQ:TRIP traded down $0.86 during trading on Thursday, hitting $16.55. 1,221,556 shares of the company’s stock traded hands, compared to its average volume of 2,328,581. The company has a 50-day moving average price of $14.74 and a 200-day moving average price of $17.07. Tripadvisor has a 52 week low of $12.93 and a 52 week high of $28.76. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 1.04. The company has a market cap of $2.29 billion, a price-to-earnings ratio of 109.93, a price-to-earnings-growth ratio of 10.75 and a beta of 1.37.

Tripadvisor (NASDAQ:TRIP) last posted its quarterly earnings data on Tuesday, August 6th. The travel company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. Tripadvisor had a net margin of 1.32% and a return on equity of 11.81%. The company had revenue of $497.00 million during the quarter, compared to the consensus estimate of $504.76 million. During the same period in the prior year, the business posted $0.21 EPS. The company’s quarterly revenue was up .6% on a year-over-year basis. As a group, research analysts forecast that Tripadvisor will post 0.38 EPS for the current fiscal year.

Institutional Trading of Tripadvisor

Several hedge funds have recently added to or reduced their stakes in TRIP. Fifth Third Bancorp grew its holdings in Tripadvisor by 104.1% in the 2nd quarter. Fifth Third Bancorp now owns 1,659 shares of the travel company’s stock valued at $30,000 after buying an additional 846 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in shares of Tripadvisor in the third quarter valued at about $28,000. Quest Partners LLC grew its stake in shares of Tripadvisor by 14,244.4% in the second quarter. Quest Partners LLC now owns 2,582 shares of the travel company’s stock valued at $46,000 after acquiring an additional 2,564 shares in the last quarter. Future Financial Wealth Managment LLC bought a new position in Tripadvisor during the third quarter worth about $43,000. Finally, Gladius Capital Management LP acquired a new stake in Tripadvisor in the 2nd quarter worth about $79,000. 98.99% of the stock is owned by institutional investors and hedge funds.

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.