Tripadvisor (NASDAQ:TRIP) Now Covered by Cantor Fitzgerald

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

Several other brokerages also recently issued reports on TRIP. BMO Capital Markets cut their price target on Tripadvisor from $20.00 to $17.00 and set a market perform rating for the company in a report on Wednesday, August 7th. Barclays dropped their target price on Tripadvisor from $20.00 to $15.00 and set an underweight rating for the company in a report on Friday, May 10th. Mizuho dropped their target price on Tripadvisor from $23.00 to $21.00 and set a neutral rating for the company in a report on Thursday, May 9th. Truist Financial dropped their target price on Tripadvisor from $21.00 to $17.00 and set a hold rating for the company in a report on Wednesday. Finally, The Goldman Sachs Group dropped their target price on Tripadvisor from $27.00 to $24.00 and set a buy rating for the company in a report 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 company. Based on data from MarketBeat.com, Tripadvisor presently has an average rating of Hold and an average price target of $19.13.

Tripadvisor Trading Down 1.1 %

Shares of Tripadvisor stock opened at $13.77 on Thursday. The business has a fifty day simple moving average of $15.97 and a two-hundred day simple moving average of $20.73. Tripadvisor has a 1 year low of $13.30 and a 1 year high of $28.76. The company has a market capitalization of $1.92 billion, a price-to-earnings ratio of 91.80, a P/E/G ratio of 1.81 and a beta of 1.39. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.68 and a quick ratio of 1.68.

Tripadvisor (NASDAQ:TRIP) last announced its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $504.76 million. During the same quarter last year, the firm posted $0.21 EPS. The company’s quarterly revenue was up .6% on a year-over-year basis. Research analysts forecast that Tripadvisor will post 0.43 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. SYSTM Wealth Solutions LLC increased its position in shares of Tripadvisor by 10.5% in the first quarter. SYSTM Wealth Solutions LLC now owns 4,527 shares of the travel company’s stock worth $126,000 after purchasing an additional 432 shares during the period. Fifth Third Bancorp grew its position in Tripadvisor by 104.1% in the second 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 last quarter. Quadrant Capital Group LLC grew its position in Tripadvisor by 52.6% in the fourth quarter. Quadrant Capital Group LLC now owns 2,497 shares of the travel company’s stock valued at $54,000 after acquiring an additional 861 shares during the last quarter. Swiss National Bank grew its position in Tripadvisor by 0.6% in the first quarter. Swiss National Bank now owns 210,900 shares of the travel company’s stock valued at $5,861,000 after acquiring an additional 1,200 shares during the last quarter. Finally, Louisiana State Employees Retirement System grew its position in Tripadvisor by 2.2% in the second quarter. Louisiana State Employees Retirement System now owns 54,700 shares of the travel company’s stock valued at $974,000 after acquiring an additional 1,200 shares during the last quarter. Institutional investors own 98.99% of the company’s stock.

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.