TripAdvisor Target of Unusually Large Options Trading (TRIP)
TripAdvisor (NASDAQ:TRIP) was the target of some unusual options trading activity on Thursday. Stock traders acquired 6,962 put options on the company, AmericanBankingNews.com reports. This is an increase of approximately 252% compared to the average daily volume of 1,980 put options.
A number of analysts have recently weighed in on TRIP shares. Analysts at Stifel Nicolaus upgraded shares of TripAdvisor from a “hold” rating to a “buy” rating in a research note to investors on Monday, September 23rd. They now have a $93.00 price target on the stock. Separately, analysts at Evercore Partners reiterated an “underweight” rating on shares of TripAdvisor in a research note to investors on Tuesday, September 10th. They now have a $65.00 price target on the stock. Finally, analysts at Needham & Company reiterated a “buy” rating on shares of TripAdvisor in a research note to investors on Wednesday, August 28th. They now have a $75.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have issued a buy rating to the company’s stock. TripAdvisor presently has a consensus rating of “Hold” and a consensus target price of $68.88.
TripAdvisor (NASDAQ:TRIP) traded up 2.26% on Thursday, hitting $72.27. The stock had a trading volume of 2,368,068 shares. TripAdvisor has a one year low of $28.63 and a one year high of $82.19. The stock’s 50-day moving average is $74.18 and its 200-day moving average is $64.33. The company has a market cap of $10.334 billion and a P/E ratio of 46.10.
TripAdvisor (NASDAQ:TRIP) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $0.52 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.49 by $0.03. The company had revenue of $246.90 million for the quarter, compared to the consensus estimate of $236.57 million. During the same quarter in the previous year, the company posted $0.41 earnings per share. The company’s revenue for the quarter was up 25.2% on a year-over-year basis. Analysts expect that TripAdvisor will post $1.74 EPS for the current fiscal year.
TripAdvisor, Inc (NASDAQ:TRIP) is an online travel research company, enabling users to plan and have a trip.
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