Tripadvisor, Inc. (NASDAQ:TRIP) Short Interest Update

Tripadvisor, Inc. (NASDAQ:TRIP - Get Free Report) was the recipient of a large decrease in short interest in the month of January. As of January 31st, there was short interest totalling 8,030,000 shares, a decrease of 23.5% from the January 15th total of 10,500,000 shares. Based on an average daily trading volume, of 2,480,000 shares, the days-to-cover ratio is presently 3.2 days. Currently, 7.5% of the shares of the company are short sold.

Tripadvisor Price Performance

Tripadvisor stock traded down $0.17 during mid-day trading on Tuesday, hitting $17.64. The stock had a trading volume of 2,933,928 shares, compared to its average volume of 2,451,010. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.93. The firm's 50 day moving average is $15.82 and its 200 day moving average is $14.97. The firm has a market capitalization of $2.46 billion, a P/E ratio of 76.70, a P/E/G ratio of 9.54 and a beta of 1.34. Tripadvisor has a one year low of $12.93 and a one year high of $28.76.

Hedge Funds Weigh In On Tripadvisor

Hedge funds have recently made changes to their positions in the business. Pacer Advisors Inc. lifted its holdings in Tripadvisor by 167.6% in 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. raised its position in shares of Tripadvisor by 179.5% during the fourth quarter. Ameriprise Financial Inc. now owns 4,412,426 shares of the travel company's stock valued at $65,172,000 after buying an additional 2,833,528 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of Tripadvisor by 40.1% in the fourth quarter. AQR Capital Management LLC now owns 3,364,542 shares of the travel company's stock worth $49,694,000 after buying an additional 962,262 shares in the last quarter. River Road Asset Management LLC boosted its position in shares of Tripadvisor by 33.3% during the third quarter. River Road Asset Management LLC now owns 3,670,063 shares of the travel company's stock worth $53,179,000 after acquiring an additional 917,689 shares during the last quarter. Finally, Toronado Partners LLC purchased a new position in Tripadvisor during the fourth quarter valued at $10,533,000. Institutional investors own 98.99% of the company's stock.

Wall Street Analyst Weigh In

TRIP has been the subject of several research analyst reports. TD Cowen lifted their price objective on Tripadvisor from $15.00 to $20.00 and gave the stock a "hold" rating in a report on Thursday, November 7th. Cantor Fitzgerald cut their price target on Tripadvisor from $12.00 to $11.00 and set an "underweight" rating for the company in a research note on Thursday, November 7th. B. Riley upped their price target on shares of Tripadvisor from $19.00 to $20.00 and gave the company a "neutral" rating in a research report on Thursday, November 7th. Wedbush reissued a "neutral" rating and issued a $17.00 price objective on shares of Tripadvisor in a report on Thursday, December 19th. Finally, StockNews.com cut shares of Tripadvisor from a "buy" rating to a "hold" rating in a report on Thursday, January 9th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Tripadvisor presently has an average rating of "Hold" and an average price target of $17.50.

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.