TripAdvisor (NASDAQ:TRIP – Get Free Report) had its target price reduced by research analysts at Cantor Fitzgerald from $9.00 to $8.00 in a note issued to investors on Monday, Marketbeat reports. The firm presently has an “underweight” rating on the travel company’s stock. Cantor Fitzgerald’s price objective indicates a potential downside of 15.88% from the company’s current price.
A number of other research firms have also recently commented on TRIP. B. Riley Financial reduced their price target on shares of TripAdvisor from $13.00 to $12.50 and set a “neutral” rating for the company in a report on Monday, August 10th. The Goldman Sachs Group reiterated a “buy” rating and set a $16.00 price objective on shares of TripAdvisor in a report on Monday, July 20th. UBS Group dropped their price objective on shares of TripAdvisor from $15.00 to $12.00 and set a “neutral” rating on the stock in a report on Tuesday, August 11th. Weiss Ratings reissued a “sell (d)” rating on shares of TripAdvisor in a research report on Wednesday, August 12th. Finally, JPMorgan Chase & Co. reduced their target price on TripAdvisor from $11.00 to $10.00 and set an “underweight” rating for the company in a research note on Friday, August 7th. Four analysts have rated the stock with a Buy rating, six have given a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $14.04.
Get Our Latest Stock Analysis on TRIP
TripAdvisor Price Performance
Shares of TRIP opened at $9.51 on Monday. TripAdvisor has a 52-week low of $8.02 and a 52-week high of $17.82. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.56 and a current ratio of 1.56. The business’s 50 day moving average price is $9.24 and its two-hundred day moving average price is $11.08. The firm has a market cap of $1.11 billion, a PE ratio of 951.95, a price-to-earnings-growth ratio of 3.73 and a beta of 0.86.
TripAdvisor (NASDAQ:TRIP – Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The travel company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.03). The company had revenue of $385.30 million for the quarter, compared to analyst estimates of $506.27 million. TripAdvisor had a return on equity of 4.23% and a net margin of 0.28%. The business’s quarterly revenue was down 7.2% compared to the same quarter last year. During the same period last year, the business earned $0.46 EPS. On average, equities analysts anticipate that TripAdvisor will post 0.34 EPS for the current year.
Insiders Place Their Bets
In other TripAdvisor news, CEO Almir Ambeskovic sold 8,000 shares of TripAdvisor stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $9.45, for a total transaction of $75,600.00. Following the completion of the transaction, the chief executive officer owned 30,456 shares in the company, valued at approximately $287,809.20. The trade was a 20.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.00% of the company’s stock.
Institutional Trading of TripAdvisor
Several institutional investors and hedge funds have recently modified their holdings of TRIP. BlackRock Inc. bought a new position in shares of TripAdvisor in the second quarter valued at approximately $239,065,000. State Street Corp increased its position in shares of TripAdvisor by 1.6% during the second quarter. State Street Corp now owns 4,966,046 shares of the travel company’s stock valued at $68,084,000 after acquiring an additional 77,501 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of TripAdvisor by 5.6% during the first quarter. Dimensional Fund Advisors LP now owns 3,973,534 shares of the travel company’s stock valued at $42,356,000 after acquiring an additional 210,591 shares during the last quarter. U S Global Investors Inc. lifted its holdings in TripAdvisor by 32.3% during the first quarter. U S Global Investors Inc. now owns 1,372,941 shares of the travel company’s stock worth $14,636,000 after acquiring an additional 335,087 shares during the period. Finally, Converium Capital Inc. bought a new stake in TripAdvisor during the first quarter worth $11,460,000. 98.99% of the stock is owned by hedge funds and other institutional investors.
About TripAdvisor
Tripadvisor, Inc (NASDAQ: TRIP) operates a global travel guidance and experiences platform. Through its Tripadvisor brand, the company provides user-generated reviews, ratings, photos, travel articles and other information about hotels, restaurants, attractions and destinations. Its platform also connects travelers with booking options and travel businesses.
The company’s portfolio includes Viator, an online marketplace for tours, activities and experiences, and TheFork, a restaurant-discovery and reservation platform.
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