Tripadvisor (NASDAQ:TRIP) Given New $13.00 Price Target at Cantor Fitzgerald

Tripadvisor (NASDAQ:TRIP) had its price target trimmed by Cantor Fitzgerald from $14.00 to $13.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an underweight rating on the travel company’s stock.

TRIP has been the topic of a number of other reports. TD Cowen lifted their price objective on shares of Tripadvisor from $15.00 to $20.00 and gave the stock a “hold” rating in a report on Thursday, November 7th. Wedbush restated a “neutral” rating and set a $17.00 price target on shares of Tripadvisor in a report on Thursday, December 19th. UBS Group decreased their price objective 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. StockNews.com downgraded Tripadvisor from a “buy” rating to a “hold” rating in a research note on Thursday, January 9th. Finally, B. Riley increased their price target on Tripadvisor from $19.00 to $20.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $17.71.

Tripadvisor Price Performance

TRIP stock opened at $15.11 on Friday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.85 and a current ratio of 2.10. The business has a 50-day simple moving average of $15.98 and a two-hundred day simple moving average of $15.00. The company has a market capitalization of $2.11 billion, a P/E ratio of 755.88, a price-to-earnings-growth ratio of 9.01 and a beta of 1.34. Tripadvisor has a 52-week low of $12.93 and a 52-week high of $28.76.

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in TRIP. Pacer Advisors Inc. increased its holdings in Tripadvisor by 167.6% in the 3rd quarter. Pacer Advisors Inc. now owns 5,067,733 shares of the travel company’s stock worth $73,431,000 after acquiring an additional 3,173,817 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of Tripadvisor by 179.5% in the fourth quarter. Ameriprise Financial Inc. now owns 4,412,426 shares of the travel company’s stock worth $65,172,000 after purchasing an additional 2,833,528 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of Tripadvisor by 40.1% in the fourth quarter. AQR Capital Management LLC now owns 3,364,542 shares of the travel company’s stock worth $49,694,000 after purchasing an additional 962,262 shares in the last quarter. River Road Asset Management LLC raised its position in shares of Tripadvisor by 33.3% in the third quarter. River Road Asset Management LLC now owns 3,670,063 shares of the travel company’s stock valued at $53,179,000 after purchasing an additional 917,689 shares during the period. Finally, Toronado Partners LLC purchased a new stake in shares of Tripadvisor during the 4th quarter valued at approximately $10,533,000. Hedge funds and other 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.