Cantor Fitzgerald reiterated their hold rating on shares of Tripadvisor Inc (NASDAQ:TRIP) in a research report sent to investors on Wednesday, May 10th. Cantor Fitzgerald currently has a $54.00 target price on the travel company’s stock.
“1Q was below expectations, with revenue of $372M (+6% Y/Y) vs. (FactSet) consensus estimate of $376M. EBITDA was $73M vs. consensus of $74M, while.”,” Cantor Fitzgerald’s analyst commented.
Several other equities research analysts have also weighed in on the company. Cowen and Company reiterated an underperform rating and issued a $35.00 price objective on shares of Tripadvisor in a research note on Wednesday, March 8th. Vetr lowered Tripadvisor from a strong-buy rating to a buy rating and set a $46.78 price objective on the stock. in a research note on Monday, March 13th. Zacks Investment Research lowered Tripadvisor from a hold rating to a sell rating in a research note on Thursday, May 4th. Royal Bank of Canada reissued a hold rating and issued a $48.00 target price on shares of Tripadvisor in a report on Monday, May 8th. Finally, Needham & Company LLC downgraded Tripadvisor from a hold rating to an underperform rating in a report on Tuesday, February 28th. Seven research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and one has issued a buy rating to the company’s stock. Tripadvisor presently has an average rating of Hold and a consensus target price of $49.00.
Shares of Tripadvisor (TRIP) traded down 2.10% on Wednesday, reaching $39.13. The company’s stock had a trading volume of 2,283,163 shares. Tripadvisor has a 1-year low of $38.23 and a 1-year high of $71.69. The company has a 50 day moving average of $43.53 and a 200 day moving average of $46.34. The stock has a market capitalization of $5.53 billion, a P/E ratio of 55.04 and a beta of 2.02.
Tripadvisor (NASDAQ:TRIP) last issued its quarterly earnings results on Tuesday, May 9th. The travel company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by $0.01. Tripadvisor had a net margin of 3.49% and a return on equity of 3.61%. The firm had revenue of $372 million for the quarter, compared to the consensus estimate of $376.67 million. During the same quarter in the prior year, the firm earned $0.33 earnings per share. The company’s revenue was up 5.7% on a year-over-year basis. Equities research analysts expect that Tripadvisor will post $1.16 earnings per share for the current fiscal year.
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Hedge funds have recently bought and sold shares of the company. BlackRock Inc. raised its position in shares of Tripadvisor by 1,932.9% in the first quarter. BlackRock Inc. now owns 7,169,686 shares of the travel company’s stock worth $309,444,000 after buying an additional 6,817,010 shares during the period. SRS Investment Management LLC acquired a new position in shares of Tripadvisor during the first quarter worth approximately $125,824,000. Thunderbird Partners LLP acquired a new position in shares of Tripadvisor during the third quarter worth approximately $85,749,000. Highfields Capital Management LP raised its position in shares of Tripadvisor by 64.3% in the fourth quarter. Highfields Capital Management LP now owns 2,555,542 shares of the travel company’s stock worth $118,500,000 after buying an additional 1,000,000 shares during the period. Finally, Morgan Stanley raised its position in shares of Tripadvisor by 71.2% in the third quarter. Morgan Stanley now owns 2,163,439 shares of the travel company’s stock worth $136,687,000 after buying an additional 899,742 shares during the period. 86.78% of the stock is currently owned by hedge funds and other institutional investors.
Tripadvisor Company Profile
TripAdvisor, Inc owns and operates a portfolio of online travel brands. TripAdvisor, the Company’s brand, is a travel site. The Company operates through two segments: Hotel and Non-Hotel. The Company’s Hotel segment includes click-based advertising and transaction; display-based and subscription-based advertising, and other hotel operations.
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