Tripadvisor Inc (NASDAQ:TRIP) Short Interest Update

Tripadvisor Inc (NASDAQ:TRIP) saw a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 13,820,000 shares, a growth of 5.4% from the January 15th total of 13,110,000 shares. Based on an average daily trading volume, of 3,190,000 shares, the days-to-cover ratio is presently 4.3 days. Approximately 13.1% of the shares of the company are short sold.

Several institutional investors and hedge funds have recently modified their holdings of the company. Acadian Asset Management LLC acquired a new position in Tripadvisor during the fourth quarter worth about $35,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Tripadvisor during the third quarter worth about $37,000. Point72 Hong Kong Ltd grew its holdings in Tripadvisor by 88.8% during the fourth quarter. Point72 Hong Kong Ltd now owns 1,467 shares of the travel company’s stock worth $45,000 after acquiring an additional 690 shares during the period. Quadrant Capital Group LLC grew its holdings in Tripadvisor by 391.8% during the fourth quarter. Quadrant Capital Group LLC now owns 2,582 shares of the travel company’s stock worth $77,000 after acquiring an additional 2,057 shares during the period. Finally, Banque Cantonale Vaudoise acquired a new position in Tripadvisor during the fourth quarter worth about $92,000. 84.40% of the stock is currently owned by institutional investors.

A number of research firms have issued reports on TRIP. Wells Fargo & Co reiterated a “hold” rating on shares of Tripadvisor in a research note on Friday. Needham & Company LLC cut their target price on Tripadvisor from $45.00 to $39.00 and set a “buy” rating on the stock in a research note on Thursday. Consumer Edge began coverage on Tripadvisor in a research note on Monday, November 18th. They issued an “underweight” rating and a $26.00 target price on the stock. Stifel Nicolaus began coverage on Tripadvisor in a research note on Thursday. They issued a “hold” rating and a $32.00 target price on the stock. Finally, BidaskClub cut Tripadvisor from a “sell” rating to a “strong sell” rating in a research note on Tuesday, January 14th. Five equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $40.47.

Shares of TRIP opened at $29.65 on Friday. The firm has a market capitalization of $4.13 billion, a price-to-earnings ratio of 35.72, a price-to-earnings-growth ratio of 1.70 and a beta of 1.33. Tripadvisor has a one year low of $27.12 and a one year high of $58.24. The stock’s fifty day moving average is $29.77 and its 200-day moving average is $34.66.

Tripadvisor (NASDAQ:TRIP) last issued its quarterly earnings results on Wednesday, February 12th. The travel company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.04. The company had revenue of $335.00 million for the quarter, compared to analyst estimates of $334.44 million. Tripadvisor had a return on equity of 9.18% and a net margin of 7.44%. The company’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same period last year, the company earned $0.27 earnings per share. On average, research analysts expect that Tripadvisor will post 1.17 earnings per share for the current fiscal year.

About Tripadvisor

TripAdvisor, Inc operates as an online travel company. It operates in two segments, Hotel and Non-Hotel. The company operates TripAdvisor-branded Websites, including tripadvisor.com in the United States; and localized versions of the Website in 48 markets and 28 languages. It also manages and operates other travel media brands that provide users the comprehensive travel-planning and trip-taking resources in the travel industry, such as airfarewatchdog.com, bookingbuddy.com, cruisecritic.com, familyvacationcritic.com, flipkey.com, thefork.com, holidaywatchdog.com, housetrip.com, jetsetter.com, niumba.com, onetime.com, oyster.com, seatguru.com, smartertravel.com, tingo.com, vacationhomerentals.com, and viator.com, as well as www.bokun.io and holidaylettings.co.uk.

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