TripAdvisor (NASDAQ:TRIP) Stock Gets Price Target Cut from Cantor Fitzgerald

TripAdvisor (NASDAQ:TRIP) had its target price cut by Cantor Fitzgerald from $9.00 to $8.00 in a report published on Monday morning, Marketbeat Ratings reports. They currently have an underweight rating on the travel company’s stock.

A number of other equities research analysts have also recently weighed in on TRIP. The Goldman Sachs Group reaffirmed a “buy” rating and set a $16.00 price target on shares of TripAdvisor in a report on Monday, July 20th. BTIG Research cut TripAdvisor from a “buy” rating to a “neutral” rating in a report on Tuesday, July 21st. UBS Group cut 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 restated a “sell (d)” rating on shares of TripAdvisor in a report on Wednesday, August 12th. Finally, B. Riley Financial reduced their price objective on shares of TripAdvisor from $13.00 to $12.50 and set a “neutral” rating on the stock in a research note on Monday, August 10th. 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 company’s stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target of $14.04.

TripAdvisor Stock Performance

NASDAQ TRIP opened at $9.44 on Monday. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of 944.94, a PEG ratio of 3.83 and a beta of 0.86. The company has a 50 day moving average of $9.22 and a 200-day moving average of $11.07. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.28. TripAdvisor has a 1-year low of $8.02 and a 1-year high of $17.53.

TripAdvisor (NASDAQ:TRIP) last posted its earnings results on Thursday, August 6th. The travel company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.03). The firm had revenue of $385.30 million during the quarter, compared to the consensus estimate of $506.27 million. TripAdvisor had a net margin of 0.28% and a return on equity of 4.23%. The business’s revenue was down 7.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.46 EPS. On average, equities analysts forecast that TripAdvisor will post 0.34 earnings per share for the current fiscal year.

Insider Buying and Selling

In other TripAdvisor news, CEO Almir Ambeskovic sold 8,000 shares of the stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $9.45, for a total value of $75,600.00. Following the transaction, the chief executive officer owned 30,456 shares of the company’s stock, valued at approximately $287,809.20. This represents a 20.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On TripAdvisor

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TRIP. Counterpoint Mutual Funds LLC bought a new stake in shares of TripAdvisor in the 3rd quarter valued at about $415,000. State Street Corp boosted its stake in TripAdvisor by 1.6% during the 2nd quarter. State Street Corp now owns 4,966,046 shares of the travel company’s stock worth $68,084,000 after acquiring an additional 77,501 shares during the last quarter. Engineers Gate Manager LP bought a new position in TripAdvisor during the 2nd quarter worth approximately $156,000. Integrated Wealth Concepts LLC acquired a new position in TripAdvisor during the second quarter valued at approximately $46,000. Finally, Nykredit A S acquired a new position in TripAdvisor during the second quarter valued at approximately $32,000. Institutional investors own 98.99% of the company’s stock.

About TripAdvisor

Tripadvisor, Inc (NASDAQ: TRIP) operates a global travel guidance and experiences platform. Its flagship Tripadvisor brand provides user-generated reviews, ratings, photos and travel information covering hotels, restaurants, attractions and destinations, helping travelers research and plan trips.

The company also operates Viator, an online marketplace for tours, activities and other travel experiences, and TheFork, a digital restaurant reservation platform serving diners and restaurants.