TripAdvisor (NASDAQ:TRIP) Given New $10.00 Price Target at JPMorgan Chase & Co.

TripAdvisor (NASDAQ:TRIP) had its target price cut by analysts at JPMorgan Chase & Co. from $11.00 to $10.00 in a report issued on Friday,Benzinga reports. The firm currently has an “underweight” rating on the travel company’s stock. JPMorgan Chase & Co.‘s target price indicates a potential downside of 5.17% from the company’s previous close.

A number of other analysts have also weighed in on TRIP. DA Davidson raised their target price on shares of TripAdvisor from $10.50 to $15.50 and gave the company a “neutral” rating in a research report on Monday, June 15th. BTIG Research cut TripAdvisor from a “buy” rating to a “neutral” rating in a research note on Tuesday, July 21st. UBS Group raised their price objective on TripAdvisor from $13.70 to $15.00 and gave the company a “neutral” rating in a report on Thursday, July 30th. The Goldman Sachs Group restated a “buy” rating and set a $16.00 price objective on shares of TripAdvisor in a research report on Monday, July 20th. Finally, Cantor Fitzgerald dropped their target price on TripAdvisor from $10.00 to $9.00 and set an “underweight” rating for the company in a research report on Friday. Four equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $14.71.

TripAdvisor Price Performance

NASDAQ TRIP traded up $0.12 during trading 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 company has a market cap of $1.23 billion, a PE ratio of 105.76, a P/E/G 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 has a fifty-two week low of $9.01 and a fifty-two week high of $20.16. The stock’s 50 day moving average price is $13.28 and its two-hundred day moving average price is $11.72.

TripAdvisor (NASDAQ:TRIP) last posted its quarterly 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 company had revenue of $385.30 million during the quarter, compared to analyst estimates of $506.27 million. TripAdvisor had a net margin of 0.99% and a return on equity of 5.73%. The company’s revenue for the quarter was down 7.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.46 earnings per share. Research analysts expect that TripAdvisor will post 0.69 EPS for the current year.

Insider Transactions at TripAdvisor

In related news, CEO Almir Ambeskovic sold 8,000 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $12.30, for a total transaction of $98,400.00. Following the completion of the transaction, the chief executive officer directly owned 34,396 shares of the company’s stock, valued at $423,070.80. This trade represents a 18.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On TripAdvisor

Hedge funds have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in TripAdvisor by 29.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 81,998 shares of the travel company’s stock valued at $1,162,000 after acquiring an additional 18,699 shares during the last quarter. Jones Financial Companies Lllp lifted its position in shares of TripAdvisor by 1,183.2% in the 1st quarter. Jones Financial Companies Lllp now owns 6,416 shares of the travel company’s stock worth $85,000 after purchasing an additional 5,916 shares during the period. Empowered Funds LLC lifted its position in shares of TripAdvisor by 14.2% in the 1st quarter. Empowered Funds LLC now owns 13,475 shares of the travel company’s stock worth $191,000 after purchasing an additional 1,676 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of TripAdvisor by 8.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 297,532 shares of the travel company’s stock valued at $4,216,000 after purchasing an additional 22,136 shares during the last quarter. Finally, Creative Planning bought a new stake in shares of TripAdvisor in the 2nd quarter valued at $349,000. 98.99% of the stock is currently owned by institutional investors.

Key Stories Impacting TripAdvisor

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.