Tripadvisor, Inc. (NASDAQ:TRIP) Sees Large Increase in Short Interest

Tripadvisor, Inc. (NASDAQ:TRIP - Get Free Report) was the recipient of a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 9,950,000 shares, an increase of 23.9% from the January 31st total of 8,030,000 shares. Based on an average daily volume of 2,550,000 shares, the short-interest ratio is presently 3.9 days. Currently, 9.2% of the company's stock are short sold.

Tripadvisor Stock Performance

Tripadvisor stock traded up $0.22 during trading hours on Friday, hitting $14.17. The company had a trading volume of 2,908,737 shares, compared to its average volume of 2,694,578. The firm has a market cap of $1.99 billion, a PE ratio of 708.85, a PEG ratio of 9.01 and a beta of 1.35. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.10 and a quick ratio of 1.85. Tripadvisor has a one year low of $12.93 and a one year high of $28.76. The firm has a 50-day moving average of $16.07 and a 200 day moving average of $15.03.

Tripadvisor (NASDAQ:TRIP - Get Free Report) last announced its earnings results on Thursday, February 20th. The travel company reported $0.13 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.21 by ($0.08). Tripadvisor had a return on equity of 9.02% and a net margin of 0.33%. The business had revenue of $411.00 million for the quarter, compared to analyst estimates of $400.02 million. On average, sell-side analysts expect that Tripadvisor will post 0.46 earnings per share for the current year.

Remove Ads

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Pacer Advisors Inc. grew its position in shares of Tripadvisor by 167.6% during the 3rd quarter. Pacer Advisors Inc. now owns 5,067,733 shares of the travel company's stock worth $73,431,000 after purchasing an additional 3,173,817 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of Tripadvisor by 179.5% during the 4th quarter. Ameriprise Financial Inc. now owns 4,412,426 shares of the travel company's stock worth $65,172,000 after acquiring an additional 2,833,528 shares in the last quarter. River Road Asset Management LLC boosted its position in shares of Tripadvisor by 1.3% during the 4th quarter. River Road Asset Management LLC now owns 3,715,961 shares of the travel company's stock worth $54,885,000 after acquiring an additional 45,898 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Tripadvisor by 20.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,633,866 shares of the travel company's stock worth $53,674,000 after acquiring an additional 615,519 shares in the last quarter. Finally, State Street Corp boosted its position in shares of Tripadvisor by 1.0% during the 3rd quarter. State Street Corp now owns 3,457,661 shares of the travel company's stock worth $50,102,000 after acquiring an additional 33,809 shares in the last quarter. Institutional investors and hedge funds own 98.99% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Cantor Fitzgerald cut their price target on shares of Tripadvisor from $14.00 to $13.00 and set an "underweight" rating on the stock in a research report on Friday, February 21st. Wedbush reissued a "neutral" rating and set a $17.00 price target on shares of Tripadvisor in a research report on Thursday, December 19th. StockNews.com raised shares of Tripadvisor from a "hold" rating to a "buy" rating in a research report on Monday, February 24th. JPMorgan Chase & Co. boosted their price target on shares of Tripadvisor from $14.00 to $15.00 and gave the stock an "underweight" rating in a research report on Friday, February 21st. Finally, DA Davidson reissued a "neutral" rating and set a $16.00 price target on shares of Tripadvisor in a research report on Thursday, February 20th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Tripadvisor currently has a consensus rating of "Hold" and a consensus price target of $17.71.

Tripadvisor Company Profile

TripAdvisor, Inc operates as an online travel company, primarily engages in the provision of travel guidance products and services worldwide. The company operates in three segments: Brand Tripadvisor, Viator, and TheFork. The Brand Tripadvisor segment offers travel guidance platforms for travelers to discover, generate, and share authentic user-generated content in the form of ratings and reviews for destinations, points-of-interest, experiences, accommodations, restaurants, and cruises.