Tripadvisor’s (TRIP) Underweight Rating Reiterated at Cantor Fitzgerald

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

Other equities analysts also recently issued research reports about the company. JPMorgan Chase & Co. cut their price target on Tripadvisor from $17.00 to $14.00 and set an underweight rating for the company in a research note on Wednesday, August 7th. Wedbush reaffirmed a neutral rating and set a $21.00 target price on shares of Tripadvisor in a research report on Wednesday, August 7th. Truist Financial lowered their price target on Tripadvisor from $21.00 to $17.00 and set a hold rating for the company in a research report on Wednesday, September 4th. BMO Capital Markets cut their price objective on shares of Tripadvisor from $20.00 to $17.00 and set a market perform rating on the stock in a report on Wednesday, August 7th. Finally, The Goldman Sachs Group reduced 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 equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Tripadvisor has a consensus rating of Hold and a consensus target price of $18.33.

Tripadvisor Price Performance

Shares of NASDAQ:TRIP opened at $14.43 on Monday. Tripadvisor has a twelve month low of $12.93 and a twelve month high of $28.76. The stock’s 50 day moving average is $14.99 and its 200-day moving average is $19.56. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 1.04. The firm has a market capitalization of $2.01 billion, a price-to-earnings ratio of 96.20, a PEG ratio of 2.19 and a beta of 1.39.

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

Institutional Investors Weigh In On Tripadvisor

Several institutional investors have recently added to or reduced their stakes in TRIP. Boston Partners purchased a new stake in shares of Tripadvisor during the 1st quarter valued at approximately $131,887,000. Pacer Advisors Inc. bought a new position in shares of Tripadvisor in the second quarter worth $33,731,000. Jupiter Asset Management Ltd. grew its position in shares of Tripadvisor by 1,150.2% in the second quarter. Jupiter Asset Management Ltd. now owns 1,684,505 shares of the travel company’s stock valued at $30,001,000 after purchasing an additional 1,549,761 shares in the last quarter. Norges Bank bought a new stake in shares of Tripadvisor during the 4th quarter valued at $27,807,000. Finally, AQR Capital Management LLC lifted its holdings in Tripadvisor by 53.0% during the 2nd quarter. AQR Capital Management LLC now owns 2,375,868 shares of the travel company’s stock worth $41,364,000 after purchasing an additional 822,712 shares in the last quarter. 98.99% of the stock is owned by hedge funds and other 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.