Tripadvisor, Inc. (NASDAQ:TRIP) Sees Significant Growth in Short Interest

Tripadvisor, Inc. (NASDAQ:TRIP) saw a significant increase in short interest in the month of November. As of November 30th, there was short interest totalling 9,510,000 shares, an increase of 17.8% from the November 15th total of 8,070,000 shares. Based on an average trading volume of 2,000,000 shares, the short-interest ratio is currently 4.8 days. Currently, 9.1% of the shares of the company are short sold.

Tripadvisor Trading Up 0.7 %

Shares of TRIP stock opened at $13.77 on Friday. Tripadvisor has a fifty-two week low of $12.93 and a fifty-two week high of $28.76. The stock’s fifty day moving average price is $14.74 and its two-hundred day moving average price is $15.62. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.85 and a current ratio of 1.85. The company has a market cap of $1.92 billion, a PE ratio of 59.87, a P/E/G ratio of 9.35 and a beta of 1.36.

Tripadvisor (NASDAQ:TRIP) last released its quarterly earnings data on Wednesday, November 6th. The travel company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.06. The business had revenue of $532.00 million for the quarter, compared to analyst estimates of $527.86 million. Tripadvisor had a return on equity of 10.37% and a net margin of 1.98%. Tripadvisor’s revenue was down .2% compared to the same quarter last year. During the same period last year, the firm posted $0.35 earnings per share. Equities analysts predict that Tripadvisor will post 0.37 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on TRIP shares. Truist Financial lowered their target price on Tripadvisor from $21.00 to $17.00 and set a “hold” rating on the stock in a research note on Wednesday, September 4th. UBS Group dropped their price objective on shares of Tripadvisor from $18.00 to $17.00 and set a “neutral” rating for the company in a research note on Thursday, November 7th. Cantor Fitzgerald cut their price objective on shares of Tripadvisor from $12.00 to $11.00 and set an “underweight” rating for the company in a report on Thursday, November 7th. Citigroup lowered their target price on shares of Tripadvisor from $20.00 to $16.00 and set a “neutral” rating on the stock in a report on Tuesday, September 24th. Finally, B. Riley boosted their price target on Tripadvisor from $19.00 to $20.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $18.33.

Institutional Investors Weigh In On Tripadvisor

A number of hedge funds have recently made changes to their positions in the stock. Fifth Third Bancorp increased its position in Tripadvisor by 104.1% during the 2nd quarter. Fifth Third Bancorp now owns 1,659 shares of the travel company’s stock worth $30,000 after purchasing an additional 846 shares in the last quarter. Louisiana State Employees Retirement System grew its stake in shares of Tripadvisor by 2.2% during the second quarter. Louisiana State Employees Retirement System now owns 54,700 shares of the travel company’s stock worth $974,000 after buying an additional 1,200 shares during the last quarter. KBC Group NV increased its holdings in shares of Tripadvisor by 65.3% during the third quarter. KBC Group NV now owns 4,499 shares of the travel company’s stock worth $65,000 after buying an additional 1,777 shares in the last quarter. True Wealth Design LLC acquired a new position in shares of Tripadvisor during the third quarter worth $27,000. Finally, Capital Performance Advisors LLP bought a new position in shares of Tripadvisor in the 3rd quarter valued at $28,000. 98.99% of the stock is currently owned by institutional investors and hedge funds.

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.