TripAdvisor (NASDAQ:TRIP) Given New $8.00 Price Target at Cantor Fitzgerald

TripAdvisor (NASDAQ:TRIP) had its price target decreased by Cantor Fitzgerald from $9.00 to $8.00 in a research report released on Monday, Marketbeat.com reports. Cantor Fitzgerald currently has an underweight rating on the travel company’s stock.

Several other equities analysts have also issued reports on TRIP. BTIG Research lowered TripAdvisor from a “buy” rating to a “neutral” rating in a research report on Tuesday, July 21st. B. Riley Financial cut their price objective on shares of TripAdvisor from $13.00 to $12.50 and set a “neutral” rating on the stock in a research report on Monday, August 10th. The Goldman Sachs Group reissued a “buy” rating and set a $16.00 price objective on shares of TripAdvisor in a research report on Monday, July 20th. JPMorgan Chase & Co. reduced their price objective on shares of TripAdvisor from $11.00 to $10.00 and set an “underweight” rating for the company in a research note on Friday, August 7th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of TripAdvisor in a report on Wednesday, August 12th. Four analysts have rated the stock with a Buy rating, six have issued a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, TripAdvisor presently has a consensus rating of “Reduce” and a consensus price target of $14.04.

TripAdvisor Stock Down 0.5%

Shares of NASDAQ:TRIP opened at $9.27 on Monday. The stock has a fifty day simple moving average of $9.27 and a two-hundred day simple moving average of $11.09. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of 927.93, a PEG ratio of 3.75 and a beta of 0.86. TripAdvisor has a 12-month low of $8.02 and a 12-month high of $17.82. 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 (NASDAQ:TRIP) last released its earnings results on Thursday, August 6th. The travel company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.03). TripAdvisor had a return on equity of 4.23% and a net margin of 0.28%. The company had revenue of $385.30 million during the quarter, compared to the consensus estimate of $506.27 million. During the same period last year, the firm posted $0.46 earnings per share. The company’s revenue was down 7.2% compared to the same quarter last year. On average, research analysts anticipate 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 TripAdvisor stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $9.45, for a total value of $75,600.00. Following the completion of the sale, the chief executive officer owned 30,456 shares of the company’s stock, valued at approximately $287,809.20. This trade represents a 20.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of TRIP. Nykredit A S purchased a new stake in shares of TripAdvisor during the second quarter valued at $32,000. Public Employees Retirement System of Ohio purchased a new position in TripAdvisor in the 2nd quarter worth about $36,000. Rockefeller Capital Management L.P. raised its position in TripAdvisor by 192.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,767 shares of the travel company’s stock worth $40,000 after buying an additional 1,821 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new position in TripAdvisor in the 2nd quarter worth about $46,000. Finally, Northwestern Mutual Wealth Management Co. bought a new position in TripAdvisor during the 2nd quarter valued at about $92,000. Hedge funds and other institutional investors own 98.99% of the company’s stock.

TripAdvisor Company Profile

Tripadvisor, Inc (NASDAQ: TRIP) operates a global travel guidance and experiences platform. Through its Tripadvisor brand, the company provides user-generated reviews, ratings, photos, travel articles and other information about hotels, restaurants, attractions and destinations. Its platform also connects travelers with booking options and travel businesses.

The company’s portfolio includes Viator, an online marketplace for tours, activities and experiences, and TheFork, a restaurant-discovery and reservation platform.