Tripadvisor Inc (NASDAQ:TRIP) Sees Significant Increase in Short Interest

Tripadvisor Inc (NASDAQ:TRIP) saw a significant growth in short interest during the month of July. As of July 31st, there was short interest totalling 15,811,800 shares, a growth of 29.5% from the June 30th total of 12,210,900 shares. Based on an average daily trading volume, of 1,500,000 shares, the short-interest ratio is presently 10.5 days. Approximately 15.2% of the company’s stock are short sold.

A number of brokerages have weighed in on TRIP. Standpoint Research began coverage on Tripadvisor in a research report on Tuesday, July 16th. They issued a “buy” rating and a $60.00 price target for the company. Bank of America reduced their price target on Tripadvisor from $43.00 to $40.00 and set an “underperform” rating for the company in a research report on Friday. Credit Suisse Group reduced their price target on Tripadvisor from $60.00 to $54.00 and set a “neutral” rating for the company in a research report on Friday. Guggenheim raised Tripadvisor from a “sell” rating to a “neutral” rating in a report on Tuesday, May 21st. Finally, DA Davidson raised Tripadvisor from a “neutral” rating to a “buy” rating and set a $55.00 price objective on the stock in a report on Thursday, June 27th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company. Tripadvisor presently has a consensus rating of “Hold” and a consensus target price of $55.25.

Shares of TRIP traded down $2.29 on Monday, hitting $40.39. The company’s stock had a trading volume of 1,716,879 shares, compared to its average volume of 1,851,612. The firm has a market capitalization of $5.62 billion, a P/E ratio of 38.47, a PEG ratio of 2.45 and a beta of 1.33. Tripadvisor has a fifty-two week low of $40.38 and a fifty-two week high of $69.00. The business has a 50 day moving average price of $45.44.

Tripadvisor (NASDAQ:TRIP) last announced its earnings results on Wednesday, August 7th. The travel company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.08). The business had revenue of $422.00 million during the quarter, compared to analyst estimates of $445.46 million. Tripadvisor had a return on equity of 10.63% and a net margin of 8.49%. The firm’s revenue was down 2.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.41 earnings per share. Research analysts anticipate that Tripadvisor will post 1.32 EPS for the current year.

In other Tripadvisor news, CFO Ernst 02494 Teunissen sold 8,117 shares of the business’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $45.60, for a total value of $370,135.20. Following the completion of the sale, the chief financial officer now owns 14,599 shares of the company’s stock, valued at $665,714.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 3.50% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently made changes to their positions in TRIP. PenderFund Capital Management Ltd. boosted its holdings in shares of Tripadvisor by 881.8% in the 2nd quarter. PenderFund Capital Management Ltd. now owns 2,000,000 shares of the travel company’s stock worth $2,703,000 after acquiring an additional 1,796,293 shares in the last quarter. MERIAN GLOBAL INVESTORS UK Ltd boosted its holdings in shares of Tripadvisor by 44.1% in the 1st quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 3,165,519 shares of the travel company’s stock worth $162,865,000 after acquiring an additional 968,530 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Tripadvisor by 57.5% in the 2nd quarter. Russell Investments Group Ltd. now owns 1,170,114 shares of the travel company’s stock worth $54,197,000 after acquiring an additional 427,150 shares in the last quarter. First Trust Advisors LP boosted its holdings in shares of Tripadvisor by 19.4% in the 1st quarter. First Trust Advisors LP now owns 2,594,002 shares of the travel company’s stock worth $133,461,000 after acquiring an additional 421,144 shares in the last quarter. Finally, Prudential Financial Inc. boosted its holdings in shares of Tripadvisor by 194.5% in the 2nd quarter. Prudential Financial Inc. now owns 566,327 shares of the travel company’s stock worth $26,216,000 after acquiring an additional 374,050 shares in the last quarter. 87.83% of the stock is currently owned by institutional investors and hedge funds.

About Tripadvisor

TripAdvisor, Inc operates as an online travel company. It operates in two segments, Hotel and Non-Hotel. The company operates TripAdvisor-branded Websites, including tripadvisor.com in the United States; and localized versions of the Website in 48 markets and 28 languages. It also manages and operates other travel media brands that provide users the comprehensive travel-planning and trip-taking resources in the travel industry, such as airfarewatchdog.com, bookingbuddy.com, cruisecritic.com, familyvacationcritic.com, flipkey.com, thefork.com, holidaywatchdog.com, housetrip.com, jetsetter.com, niumba.com, onetime.com, oyster.com, seatguru.com, smartertravel.com, tingo.com, vacationhomerentals.com, and viator.com, as well as www.bokun.io and holidaylettings.co.uk.

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