Tripadvisor Inc (NASDAQ:TRIP) saw a significant increase in short interest in March. As of March 15th, there was short interest totalling 17,620,441 shares, an increase of 15.6% from the February 28th total of 15,242,699 shares. Based on an average trading volume of 3,371,579 shares, the short-interest ratio is currently 5.2 days. Approximately 15.6% of the company’s shares are short sold.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Global X Management Co. LLC increased its position 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 during the period. MSI Financial Services Inc increased its position 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 during the period. Toronto Dominion Bank increased its position in shares of Tripadvisor by 416.5% in the third quarter. Toronto Dominion Bank now owns 3,383 shares of the travel company’s stock valued at $214,000 after buying an additional 2,728 shares during the period. Flinton Capital Management LLC purchased a new position in shares of Tripadvisor during the fourth quarter valued at $215,000. Finally, Bronfman E.L. Rothschild L.P. increased its position in shares of Tripadvisor by 5.9% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 3,580 shares of the travel company’s stock valued at $226,000 after buying an additional 199 shares during the period. Institutional investors and hedge funds own 86.78% of the company’s stock.
Tripadvisor (NASDAQ:TRIP) traded down 0.14% during midday trading on Friday, reaching $42.65. 5,112,946 shares of the company’s stock traded hands. Tripadvisor has a 1-year low of $40.45 and a 1-year high of $71.69. The firm’s 50 day moving average price is $42.46 and its 200-day moving average price is $50.21. The company has a market capitalization of $6.15 billion, a PE ratio of 52.01 and a beta of 2.02.
Several brokerages have issued reports on TRIP. Oppenheimer Holdings Inc. restated a “market perform” rating on shares of Tripadvisor in a research report on Friday, February 17th. Cowen and Company reaffirmed an “underperform” rating and set a $35.00 price target on shares of Tripadvisor in a research note on Wednesday, March 8th. Vetr downgraded shares of Tripadvisor from a “hold” rating to a “sell” rating and set a $41.00 price target for the company. in a research note on Monday. Zacks Investment Research downgraded shares of Tripadvisor from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 3rd. Finally, Piper Jaffray Companies downgraded shares of Tripadvisor from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $60.00 to $47.00 in a research note on Thursday, March 2nd. Five research analysts have rated the stock with a sell rating and seventeen have assigned a hold rating to the company. Tripadvisor has an average rating of “Hold” and a consensus target price of $49.81.
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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.
