JPMorgan Chase & Co. Cuts TripAdvisor (NASDAQ:TRIP) Price Target to $10.00

TripAdvisor (NASDAQ:TRIP) had its price target reduced by equities researchers at JPMorgan Chase & Co. from $11.00 to $10.00 in a report released on Friday,Benzinga reports. The firm presently has an “underweight” rating on the travel company’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential downside of 5.17% from the stock’s current price.

Several other analysts have also weighed in on TRIP. Cantor Fitzgerald lowered their price objective on shares of TripAdvisor from $10.00 to $9.00 and set an “underweight” rating for the company in a research note on Friday. UBS Group increased their target price on shares of TripAdvisor from $13.70 to $15.00 and gave the stock a “neutral” rating in a research note on Thursday, July 30th. Weiss Ratings restated a “sell (d)” rating on shares of TripAdvisor in a report on Friday, May 15th. BTIG Research downgraded shares of TripAdvisor from a “buy” rating to a “neutral” rating in a research note on Tuesday, July 21st. Finally, Wedbush lifted their price target on shares of TripAdvisor from $19.00 to $20.00 and gave the company an “outperform” rating in a research note on Tuesday, June 16th. Four research analysts have rated the stock with a Buy rating, seven have given a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $14.71.

TripAdvisor Trading Up 1.2%

NASDAQ TRIP traded up $0.12 during trading hours on Friday, hitting $10.54. 3,190,307 shares of the company’s stock were exchanged, compared to its average volume of 3,658,543. The stock has a 50-day simple moving average of $13.28 and a 200 day simple moving average of $11.72. TripAdvisor has a 1-year low of $9.01 and a 1-year high of $20.16. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of 105.76, a PEG ratio of 2.74 and a beta of 0.86. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.36.

TripAdvisor (NASDAQ:TRIP) last issued its earnings results on Thursday, August 6th. The travel company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.03). The business had revenue of $385.30 million during the quarter, compared to the consensus estimate of $506.27 million. TripAdvisor had a return on equity of 5.73% and a net margin of 0.99%.The company’s revenue for the quarter was down 7.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.46 earnings per share. On average, equities analysts forecast that TripAdvisor will post 0.69 EPS for the current fiscal year.

Insiders Place Their Bets

In other TripAdvisor news, CEO Almir Ambeskovic sold 8,000 shares of the company’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $12.30, for a total transaction of $98,400.00. Following the transaction, the chief executive officer owned 34,396 shares in the company, valued at approximately $423,070.80. This represents a 18.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On TripAdvisor

Hedge funds and other institutional investors have recently made changes to their positions in the business. Essex Financial Services Inc. grew its stake in shares of TripAdvisor by 4.5% during the fourth quarter. Essex Financial Services Inc. now owns 17,864 shares of the travel company’s stock valued at $260,000 after buying an additional 776 shares during the last quarter. Acorn Financial Advisory Services Inc. ADV raised its holdings in TripAdvisor by 1.3% during the 4th quarter. Acorn Financial Advisory Services Inc. ADV now owns 64,053 shares of the travel company’s stock valued at $933,000 after buying an additional 847 shares during the last quarter. State of Alaska Department of Revenue raised its stake in shares of TripAdvisor by 1.8% during the fourth quarter. State of Alaska Department of Revenue now owns 62,887 shares of the travel company’s stock valued at $914,000 after acquiring an additional 1,091 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in TripAdvisor by 13.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 9,812 shares of the travel company’s stock worth $143,000 after buying an additional 1,126 shares during the period. Finally, Illinois Municipal Retirement Fund lifted its stake in TripAdvisor by 2.0% in the first quarter. Illinois Municipal Retirement Fund now owns 61,011 shares of the travel company’s stock worth $650,000 after acquiring an additional 1,216 shares during the period. 98.99% of the stock is owned by institutional investors.

TripAdvisor News Roundup

Here are the key news stories impacting TripAdvisor this week:

• Positive Sentiment: Bank of America Securities reiterated a Buy rating and assigned a $15 price target, citing long-term growth potential in Experiences and value from proceeds related to the potential TheFork sale. Analyst Maintains Buy on TripAdvisor
• Positive Sentiment: Tripadvisor expects third-quarter Experiences bookings to grow approximately 5% to 7%. Continued expansion in this segment could provide a growth counterweight to weakness elsewhere in the business. Tripadvisor Expects Q3 Experiences Growth
• Neutral Sentiment: Management continues evaluating strategic options for TheFork, including a potential sale. The transaction could unlock value, but its timing and proceeds remain uncertain. TheFork Sale Process
• Negative Sentiment: Second-quarter results missed expectations: adjusted earnings were $0.35 per share versus a consensus estimate of $0.38, while revenue of $385.3 million was well below the roughly $506 million estimate. Revenue declined 7.2% year over year, and earnings fell from $0.46 per share in the prior-year quarter. Tripadvisor Q2 Earnings Results
• Negative Sentiment: Reports characterized the quarterly outlook as weak, with Tripadvisor’s growth trailing larger travel rivals. This raises concerns about slowing demand, competitive pressure and the company’s ability to reaccelerate its core business. Tripadvisor Falls After Weak Results and Guidance
• Negative Sentiment: Cantor Fitzgerald lowered its price target from $10 to $9 and moved to an Underweight rating, indicating that the firm sees downside risk following the earnings miss and cautious guidance. Cantor Fitzgerald Rating Update

TripAdvisor Company Profile

TripAdvisor (NASDAQ:TRIP) is a leading online travel company that operates a digital platform for travel information, reviews and booking services. The company’s flagship website and mobile apps allow users to access and contribute travel-related content—ranging from hotel and restaurant reviews to ratings for tours, attractions and vacation rentals—helping consumers plan and book trips around the world.

The core of TripAdvisor’s offering is its community-driven review system, which aggregates user-generated feedback alongside editorial content and professional photography.