Tripadvisor Sees Unusually Large Options Volume (NASDAQ:TRIP)

Tripadvisor, Inc. (NASDAQ:TRIP) was the recipient of unusually large options trading activity on Thursday. Stock traders purchased 9,754 call options on the stock. This is an increase of approximately 192% compared to the average volume of 3,338 call options.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on TRIP. DA Davidson reaffirmed a “neutral” rating and set a $16.00 price target on shares of Tripadvisor in a research report on Thursday, December 19th. TD Cowen lifted their price objective on shares of Tripadvisor from $15.00 to $20.00 and gave the company a “hold” rating in a research note on Thursday, November 7th. B. Riley boosted their price target on shares of Tripadvisor from $19.00 to $20.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. UBS Group lowered their price objective on shares of Tripadvisor from $18.00 to $17.00 and set a “neutral” rating on the stock in a research report on Thursday, November 7th. Finally, Wedbush reissued a “neutral” rating and issued a $17.00 price target on shares of Tripadvisor in a research report on Thursday, December 19th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $17.50.

Hedge Funds Weigh In On Tripadvisor

Several institutional investors and hedge funds have recently added to or reduced their stakes in TRIP. True Wealth Design LLC bought a new position in Tripadvisor in the 3rd quarter worth about $27,000. Capital Performance Advisors LLP purchased a new stake in Tripadvisor during the 3rd quarter valued at $28,000. Blue Trust Inc. raised its stake in shares of Tripadvisor by 204.4% in the fourth quarter. Blue Trust Inc. now owns 2,298 shares of the travel company’s stock worth $33,000 after purchasing an additional 1,543 shares during the last quarter. Future Financial Wealth Managment LLC bought a new position in shares of Tripadvisor during the third quarter valued at $43,000. Finally, GAMMA Investing LLC boosted its position in shares of Tripadvisor by 204.7% during the fourth quarter. GAMMA Investing LLC now owns 3,675 shares of the travel company’s stock valued at $54,000 after buying an additional 2,469 shares during the last quarter. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Tripadvisor Trading Up 4.7 %

Shares of TRIP traded up $0.75 during mid-day trading on Thursday, reaching $16.49. 688,818 shares of the company were exchanged, compared to its average volume of 2,237,507. Tripadvisor has a 52 week low of $12.93 and a 52 week high of $28.76. The business has a 50 day simple moving average of $14.42 and a two-hundred day simple moving average of $14.99. The stock has a market capitalization of $2.30 billion, a PE ratio of 71.69, a PEG ratio of 8.68 and a beta of 1.33. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.85 and a current ratio of 1.85.

Tripadvisor (NASDAQ:TRIP) last announced its quarterly earnings data on Wednesday, November 6th. The travel company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.06. The business had revenue of $532.00 million for the quarter, compared to analysts’ expectations of $527.86 million. Tripadvisor had a return on equity of 10.37% and a net margin of 1.98%. The firm’s quarterly revenue was down .2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.35 EPS. On average, analysts predict that Tripadvisor will post 0.36 earnings per share for the current fiscal year.

About Tripadvisor

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.