Tripadvisor (NASDAQ:TRIP) Now Covered by Cantor Fitzgerald

Cantor Fitzgerald started coverage on shares of Tripadvisor (NASDAQ:TRIP) in a report released on Thursday morning, Marketbeat.com reports. The firm issued an underweight rating and a $12.00 target price on the travel company’s stock.

Several other brokerages have also recently issued reports on TRIP. B. Riley cut Tripadvisor from a buy rating to a neutral rating and decreased their price objective for the company from $26.00 to $19.00 in a research note on Wednesday, August 7th. BTIG Research decreased 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. BMO Capital Markets dropped their price objective on shares of Tripadvisor from $20.00 to $17.00 and set a market perform rating on the stock in a research report on Wednesday, August 7th. TD Cowen reduced their price objective on shares of Tripadvisor from $25.00 to $15.00 and set a hold rating on the stock in a report on Thursday, August 22nd. Finally, 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. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Tripadvisor currently has a consensus rating of Hold and an average price target of $19.13.

Tripadvisor Stock Performance

Shares of TRIP stock opened at $13.77 on Thursday. The firm has a 50 day moving average of $15.97 and a two-hundred day moving average of $20.69. The stock has a market capitalization of $1.92 billion, a PE ratio of 91.80, a P/E/G ratio of 1.81 and a beta of 1.39. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 1.04. Tripadvisor has a 52 week low of $13.30 and a 52 week high of $28.76.

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

Institutional Trading of Tripadvisor

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