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

Tripadvisor (NASDAQ:TRIP)‘s stock had its “underweight” rating reaffirmed by analysts at Cantor Fitzgerald in a report released on Monday, Benzinga reports. They presently have a $12.00 price target on the travel company’s stock. Cantor Fitzgerald’s price objective suggests a potential downside of 14.83% from the company’s previous close.

A number of other equities research analysts also recently weighed in on the stock. Truist Financial lowered their price objective on shares of Tripadvisor from $21.00 to $17.00 and set a “hold” rating for the company in a research report on Wednesday, September 4th. Citigroup lowered their target price on Tripadvisor from $20.00 to $16.00 and set a “neutral” rating for the company in a report on Tuesday, September 24th. BTIG Research cut their price target on Tripadvisor from $25.00 to $20.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. TD Cowen lowered their price objective on Tripadvisor from $25.00 to $15.00 and set a “hold” rating for the company in a research note on Thursday, August 22nd. Finally, UBS Group cut their target price on Tripadvisor from $20.00 to $18.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. 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’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $18.33.

Tripadvisor Price Performance

Shares of NASDAQ TRIP opened at $14.09 on Monday. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $1.95 billion, a price-to-earnings ratio of 93.94, a price-to-earnings-growth ratio of 2.22 and a beta of 1.39. Tripadvisor has a twelve month low of $12.93 and a twelve month high of $28.76. The business has a 50 day simple moving average of $14.72 and a 200-day simple moving average of $19.16.

Tripadvisor (NASDAQ:TRIP) last released its earnings results on Tuesday, August 6th. The travel company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.02. The firm had revenue of $497.00 million during the quarter, compared to analyst estimates of $504.76 million. Tripadvisor had a net margin of 1.32% and a return on equity of 11.81%. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.21 earnings per share. As a group, equities research analysts expect that Tripadvisor will post 0.37 earnings per share for the current year.

Hedge Funds Weigh In On Tripadvisor

Several large investors have recently bought and sold shares of TRIP. Vanguard Group Inc. lifted its stake in shares of Tripadvisor by 6.6% in the 4th quarter. Vanguard Group Inc. now owns 12,876,614 shares of the travel company’s stock worth $277,233,000 after acquiring an additional 791,940 shares during the period. Boston Partners acquired a new stake in Tripadvisor in the first quarter worth approximately $131,887,000. Dimensional Fund Advisors LP lifted its position in Tripadvisor by 3.6% in the second quarter. Dimensional Fund Advisors LP now owns 2,733,746 shares of the travel company’s stock worth $48,686,000 after purchasing an additional 95,138 shares during the period. AQR Capital Management LLC boosted its stake 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 valued at $41,364,000 after purchasing an additional 822,712 shares in the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. increased its position in shares of Tripadvisor by 4.9% during the 2nd quarter. Van Lanschot Kempen Investment Management N.V. now owns 2,292,087 shares of the travel company’s stock valued at $40,822,000 after purchasing an additional 107,154 shares during the period. Institutional investors and hedge funds own 98.99% of the company’s stock.

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.