Trading Report: Today, Cantor Fitzgerald Reiterates “Hold” Rating for TripAdvisor Inc. (TRIP)

Today, Cantor Fitzgerald Reiterates “Hold” Rating for TripAdvisor Inc. (TRIP)

TripAdvisor Inc. (NASDAQ:TRIP)‘s stock had its “hold” rating restated by stock analysts at Cantor Fitzgerald in a research note issued on Tuesday. They presently have a $67.00 target price on the travel company’s stock. Cantor Fitzgerald’s price objective indicates a potential upside of 30.94% from the stock’s previous close.

A number of other research firms have also recently weighed in on TRIP. RBC Capital Markets restated a “sector perform” rating and issued a $55.00 price target (down previously from $60.00) on shares of TripAdvisor in a report on Friday, August 5th. Deutsche Bank AG lowered TripAdvisor from a “buy” rating to a “hold” rating and cut their target price for the company from $71.00 to $63.00 in a research report on Friday, August 5th. Wells Fargo & Co. reaffirmed a “market perform” rating and issued a $67.00 target price (down from $71.00) on shares of TripAdvisor in a research report on Sunday, August 7th. Bank of America Corp. set a $41.00 target price on TripAdvisor and gave the company a “sell” rating in a research report on Monday, September 12th. Finally, Zacks Investment Research lowered TripAdvisor from a “hold” rating to a “sell” rating in a research report on Tuesday, July 19th. Three analysts have rated the stock with a sell rating, twenty have assigned a hold rating and three have assigned a buy rating to the stock. TripAdvisor currently has a consensus rating of “Hold” and a consensus target price of $63.08.

TripAdvisor (NASDAQ:TRIP) opened at 51.17 on Tuesday. The stock has a market capitalization of $7.46 billion, a price-to-earnings ratio of 61.50 and a beta of 2.31. TripAdvisor has a 52-week low of $48.52 and a 52-week high of $87.50. The company has a 50-day moving average of $58.89 and a 200-day moving average of $63.31.

TripAdvisor (NASDAQ:TRIP) last released its quarterly earnings results on Tuesday, November 8th. The travel company reported $0.53 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.53. The firm earned $421 million during the quarter, compared to analysts’ expectations of $436.31 million. TripAdvisor had a return on equity of 12.67% and a net margin of 8.08%. TripAdvisor’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.53 EPS. Equities research analysts expect that TripAdvisor will post $1.54 EPS for the current year.

In other news, Viator CEO Barrie Seidenberg sold 4,274 shares of the company’s stock in a transaction on Monday, September 26th. The stock was sold at an average price of $60.77, for a total transaction of $259,730.98. Following the completion of the sale, the insider now directly owns 286 shares of the company’s stock, valued at $17,380.22. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Seth J. Kalvert sold 1,687 shares of the company’s stock in a transaction on Wednesday, September 21st. The shares were sold at an average price of $60.50, for a total value of $102,063.50. Following the sale, the senior vice president now directly owns 10,653 shares of the company’s stock, valued at $644,506.50. The disclosure for this sale can be found here. Corporate insiders own 0.98% of the company’s stock.

Several large investors have recently made changes to their positions in TRIP. Global X Management Co. LLC increased its stake in shares of TripAdvisor by 60.3% in the third quarter. Global X Management Co. LLC now owns 1,899 shares of the travel company’s stock valued at $120,000 after buying an additional 714 shares in the last quarter. Mizuho Asset Management Co. Ltd. increased its stake in shares of TripAdvisor by 125.9% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,875 shares of the travel company’s stock valued at $121,000 after buying an additional 1,045 shares in the last quarter. MSI Financial Services Inc increased its stake in shares of TripAdvisor by 0.3% in the third quarter. MSI Financial Services Inc now owns 2,387 shares of the travel company’s stock valued at $151,000 after buying an additional 6 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in shares of TripAdvisor by 3,544.4% in the second quarter. Tower Research Capital LLC TRC now owns 2,624 shares of the travel company’s stock valued at $169,000 after buying an additional 2,552 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. increased its stake in shares of TripAdvisor by 2.9% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 3,012 shares of the travel company’s stock valued at $174,000 after buying an additional 84 shares in the last quarter. 89.10% of the stock is owned by institutional investors and hedge funds.

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