Tripadvisor (NASDAQ:TRIP - Get Free Report) had its price objective decreased by equities researchers at Cantor Fitzgerald from $14.00 to $13.00 in a report released on Friday,Benzinga reports. The brokerage presently has an "underweight" rating on the travel company's stock. Cantor Fitzgerald's target price indicates a potential downside of 13.16% from the stock's current price.
A number of other brokerages also recently commented on TRIP. TD Cowen lifted their price objective on shares of Tripadvisor from $15.00 to $20.00 and gave the company a "hold" rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. lifted their price target on Tripadvisor from $14.00 to $15.00 and gave the stock an "underweight" rating in a report on Friday. StockNews.com lowered Tripadvisor from a "buy" rating to a "hold" rating in a research note on Thursday, January 9th. B. Riley lifted their target price on Tripadvisor from $19.00 to $20.00 and gave the stock a "neutral" rating in a research note on Thursday, November 7th. Finally, Wedbush reissued a "neutral" rating and set a $17.00 target price on shares of Tripadvisor in a report on Thursday, December 19th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Tripadvisor currently has a consensus rating of "Hold" and a consensus price target of $17.71.
View Our Latest Research Report on TRIP
Tripadvisor Stock Down 0.3 %
NASDAQ TRIP traded down $0.05 during trading hours on Friday, hitting $14.97. 2,897,843 shares of the company traded hands, compared to its average volume of 2,683,438. 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's 50-day moving average is $16.00 and its 200-day moving average is $15.01. The stock has a market capitalization of $2.09 billion, a price-to-earnings ratio of 748.87, a P/E/G ratio of 9.01 and a beta of 1.34. Tripadvisor has a twelve month low of $12.93 and a twelve month high of $28.76.
Tripadvisor (NASDAQ:TRIP - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The travel company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.08). The company had revenue of $411.00 million during the quarter, compared to analyst estimates of $400.02 million. Tripadvisor had a net margin of 0.33% and a return on equity of 9.02%. Sell-side analysts anticipate that Tripadvisor will post 0.46 earnings per share for the current year.
Hedge Funds Weigh In On Tripadvisor
Several institutional investors and hedge funds have recently modified their holdings of TRIP. Assenagon Asset Management S.A. boosted its holdings in Tripadvisor by 4.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 772,592 shares of the travel company's stock valued at $11,195,000 after purchasing an additional 35,967 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Tripadvisor in the third quarter valued at approximately $207,000. Autumn Glory Partners LLC boosted its stake in shares of Tripadvisor by 100.0% in the third quarter. Autumn Glory Partners LLC now owns 39,070 shares of the travel company's stock valued at $566,000 after buying an additional 19,535 shares during the period. Pallas Capital Advisors LLC acquired a new stake in Tripadvisor during the third quarter worth approximately $247,000. Finally, River Road Asset Management LLC increased its stake in Tripadvisor by 33.3% during the 3rd quarter. River Road Asset Management LLC now owns 3,670,063 shares of the travel company's stock worth $53,179,000 after acquiring an additional 917,689 shares during the period. 98.99% of the stock is currently owned by institutional investors and hedge funds.
About Tripadvisor
(
Get Free Report)
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.
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