Tripadvisor (NASDAQ:TRIP) Receives Underweight Rating from Cantor Fitzgerald

Cantor Fitzgerald restated their underweight rating on shares of Tripadvisor (NASDAQ:TRIP) in a report issued on Monday morning, Benzinga reports. They currently have a $12.00 price objective on the travel company’s stock.

A number of other brokerages also recently issued reports on TRIP. Wedbush reaffirmed a neutral rating and set a $21.00 price target on shares of Tripadvisor in a report on Wednesday, August 7th. B. Riley cut Tripadvisor from a buy rating to a neutral rating and decreased their target price for the stock from $26.00 to $19.00 in a research note on Wednesday, August 7th. TD Cowen dropped their price target on shares of Tripadvisor from $25.00 to $15.00 and set a hold rating on the stock in a research note on Thursday, August 22nd. DA Davidson reduced their price objective on shares of Tripadvisor from $20.00 to $16.00 and set a neutral rating for the company in a research report on Monday, August 12th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Tripadvisor from $17.00 to $14.00 and set an underweight rating for the company 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. According to data from MarketBeat.com, the stock has a consensus rating of Hold and an average target price of $18.33.

Tripadvisor Trading Up 1.0 %

Shares of Tripadvisor stock opened at $14.57 on Monday. The stock has a 50 day moving average of $14.93 and a 200 day moving average of $19.53. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.68 and a current ratio of 1.68. The firm has a market capitalization of $2.02 billion, a price-to-earnings ratio of 97.14, a PEG ratio of 2.23 and a beta of 1.39. Tripadvisor has a fifty-two week low of $12.93 and a fifty-two week high of $28.76.

Tripadvisor (NASDAQ:TRIP) last posted 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 firm had revenue of $497.00 million for the quarter, compared to the consensus estimate of $504.76 million. During the same quarter in the previous year, the business earned $0.21 EPS. The company’s quarterly revenue was up .6% compared to the same quarter last year. As a group, research analysts predict that Tripadvisor will post 0.37 earnings per share for the current year.

Institutional Investors Weigh In On Tripadvisor

Large investors have recently modified their holdings of the stock. Fifth Third Bancorp lifted its position in shares of Tripadvisor by 104.1% in the second quarter. Fifth Third Bancorp now owns 1,659 shares of the travel company’s stock worth $30,000 after purchasing an additional 846 shares in the last quarter. Quadrant Capital Group LLC lifted 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 worth $54,000 after buying an additional 861 shares in the last quarter. Quest Partners LLC boosted its stake in shares of Tripadvisor by 14,244.4% during the 2nd quarter. Quest Partners LLC now owns 2,582 shares of the travel company’s stock valued at $46,000 after buying an additional 2,564 shares during the period. Future Financial Wealth Managment LLC acquired a new stake in shares of Tripadvisor during the 1st quarter valued at $83,000. Finally, Gladius Capital Management LP purchased a new position in shares of Tripadvisor during the 2nd quarter valued at $79,000. 98.99% of the stock is owned by institutional investors.

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.