Cantor Fitzgerald Has Lowered Expectations for Tripadvisor (NASDAQ:TRIP) Stock Price

Tripadvisor (NASDAQ:TRIP) had its target price decreased by analysts at Cantor Fitzgerald from $14.00 to $13.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has an “underweight” rating on the travel company’s stock. Cantor Fitzgerald’s price target would suggest a potential downside of 13.96% from the company’s previous close.

TRIP has been the subject of several other research reports. UBS Group decreased their target price on shares of Tripadvisor from $18.00 to $17.00 and set a “neutral” rating for the company in a research note on Thursday, November 7th. DA Davidson reiterated a “neutral” rating and set a $16.00 target price on shares of Tripadvisor in a research note on Thursday. B. Riley increased their target price on shares of Tripadvisor from $19.00 to $20.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. StockNews.com downgraded shares of Tripadvisor from a “buy” rating to a “hold” rating in a research note on Thursday, January 9th. Finally, JPMorgan Chase & Co. increased their target price on shares of Tripadvisor from $14.00 to $15.00 and gave the stock an “underweight” rating in a research note on Friday. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $17.71.

Tripadvisor Stock Performance

NASDAQ TRIP opened at $15.11 on Friday. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.10 and a quick ratio of 1.85. Tripadvisor has a 1 year low of $12.93 and a 1 year high of $28.76. The company has a market capitalization of $2.11 billion, a PE ratio of 755.88, a P/E/G ratio of 9.01 and a beta of 1.34. The company has a fifty day moving average of $15.98 and a two-hundred day moving average of $14.99.

Tripadvisor (NASDAQ:TRIP) last announced its earnings results on Thursday, February 20th. The travel company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.08). Tripadvisor had a return on equity of 9.02% and a net margin of 0.33%. The business had revenue of $411.00 million for the quarter, compared to analyst estimates of $400.02 million. As a group, analysts expect that Tripadvisor will post 0.46 earnings per share for the current year.

Institutional Investors Weigh In On Tripadvisor

Hedge funds and other institutional investors have recently modified their holdings of the stock. True Wealth Design LLC acquired a new stake in shares of Tripadvisor during the 3rd quarter valued at approximately $27,000. Capital Performance Advisors LLP acquired a new stake in shares of Tripadvisor during the 3rd quarter valued at approximately $28,000. Bogart Wealth LLC acquired a new stake in shares of Tripadvisor during the 4th quarter valued at approximately $30,000. Blue Trust Inc. lifted its position in shares of Tripadvisor by 204.4% during the 4th quarter. Blue Trust Inc. now owns 2,298 shares of the travel company’s stock valued at $33,000 after acquiring an additional 1,543 shares during the period. Finally, Aster Capital Management DIFC Ltd lifted its position in shares of Tripadvisor by 83.8% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 3,414 shares of the travel company’s stock valued at $50,000 after acquiring an additional 1,557 shares during the period. 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.