Short Interest in Tripadvisor, Inc. (NASDAQ:TRIP) Rises By 26.1%

Tripadvisor, Inc. (NASDAQ:TRIP) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totalling 9,370,000 shares, a growth of 26.1% from the September 15th total of 7,430,000 shares. Currently, 9.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 2,100,000 shares, the days-to-cover ratio is presently 4.5 days.

Wall Street Analysts Forecast Growth

TRIP has been the subject of a number of recent analyst reports. UBS Group lowered their price target on Tripadvisor from $20.00 to $18.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. Citigroup reduced their price target on Tripadvisor from $20.00 to $16.00 and set a “neutral” rating for the company in a research report on Tuesday, September 24th. BTIG Research dropped their price target on Tripadvisor from $25.00 to $20.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. Truist Financial reduced their target price on Tripadvisor from $21.00 to $17.00 and set a “hold” rating on the stock in a report on Wednesday, September 4th. Finally, JPMorgan Chase & Co. reduced their price objective on Tripadvisor from $17.00 to $14.00 and set an “underweight” rating on the stock in a research note on Wednesday, August 7th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Tripadvisor has an average rating of “Hold” and a consensus target price of $18.33.

Tripadvisor Trading Up 1.5 %

TRIP stock traded up $0.22 during midday trading on Tuesday, reaching $14.97. 1,756,355 shares of the company traded hands, compared to its average volume of 2,356,107. Tripadvisor has a 52-week low of $12.93 and a 52-week high of $28.76. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.68 and a current ratio of 1.68. The business has a 50 day moving average of $14.22 and a 200-day moving average of $18.30. The firm has a market capitalization of $2.08 billion, a price-to-earnings ratio of 98.33, a P/E/G ratio of 2.15 and a beta of 1.39.

Tripadvisor (NASDAQ:TRIP) last released its earnings results on Tuesday, August 6th. The travel company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. The firm had revenue of $497.00 million for the quarter, compared to analysts’ expectations of $504.76 million. Tripadvisor had a return on equity of 11.81% and a net margin of 1.32%. The company’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.21 earnings per share. As a group, sell-side analysts expect that Tripadvisor will post 0.37 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of TRIP. Fifth Third Bancorp lifted its holdings in shares of Tripadvisor by 104.1% during the 2nd quarter. Fifth Third Bancorp now owns 1,659 shares of the travel company’s stock valued at $30,000 after purchasing an additional 846 shares during the last quarter. Quest Partners LLC grew its position in Tripadvisor by 14,244.4% during the 2nd quarter. Quest Partners LLC now owns 2,582 shares of the travel company’s stock worth $46,000 after purchasing an additional 2,564 shares during the period. Future Financial Wealth Managment LLC acquired a new stake in Tripadvisor during the 1st quarter worth about $83,000. Gladius Capital Management LP acquired a new stake in Tripadvisor during the 2nd quarter worth about $79,000. Finally, Councilmark Asset Management LLC acquired a new stake in shares of Tripadvisor during the 1st quarter valued at about $224,000. Institutional investors own 98.99% of the company’s stock.

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.