Investors Buy High Volume of TripAdvisor Call Options (TRIP)
TripAdvisor (NASDAQ:TRIP) saw some unusual options trading activity on Wednesday. Stock investors bought 13,923 call options on the stock, AnalystRatings.Net reports. This represents an increase of 619% compared to the average daily volume of 1,936 call options.
Several analysts have recently commented on the stock. Analysts at Goldman Sachs raised their EPS on shares of TripAdvisor in a research note on Wednesday. They now have a “neutral” rating and a $78.00 price target on the stock. Separately, analysts at Wunderlich raised their price target on shares of TripAdvisor from $80.00 to $88.00 in a research note on Wednesday. They now have a “hold” rating on the stock. Finally, analysts at Evercore Partners raised their price target on shares of TripAdvisor from $68.00 to $74.00 in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and thirteen have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $77.13.
TripAdvisor (NASDAQ:TRIP) traded up 7.21% during mid-day trading on Wednesday, hitting $90.27. 9,546,114 shares of the company’s stock traded hands. TripAdvisor has a 52-week low of $42.04 and a 52-week high of $90.43. The stock’s 50-day moving average is $81.43 and its 200-day moving average is $79.26. The company has a market cap of $12.824 billion and a P/E ratio of 55.98.
TripAdvisor (NASDAQ:TRIP) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $0.21 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.21. The company had revenue of $212.70 million for the quarter, compared to the consensus estimate of $205.80 million. During the same quarter last year, the company posted $0.29 earnings per share. TripAdvisor’s revenue was up 25.6% compared to the same quarter last year. On average, analysts predict that TripAdvisor will post $2.20 earnings per share 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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