TripAdvisor, Inc. (NASDAQ:TRIP) was the recipient of a significant drop in short interest in the month of July. As of July 14th, there was short interest totalling 17,811,965 shares, a drop of 5.8% from the June 30th total of 18,900,116 shares. Currently, 16.2% of the shares of the company are sold short. Based on an average daily volume of 1,670,017 shares, the short-interest ratio is presently 10.7 days.

Shares of TripAdvisor (NASDAQ TRIP) opened at 38.53 on Friday. The firm has a 50-day moving average of $37.56 and a 200 day moving average of $43.38. The stock has a market capitalization of $5.44 billion, a PE ratio of 54.19 and a beta of 2.35. TripAdvisor has a 1-year low of $35.34 and a 1-year high of $70.70.

TripAdvisor (NASDAQ:TRIP) last issued its quarterly earnings results on Tuesday, May 9th. The travel company reported $0.16 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by $0.01. The firm had revenue of $372 million during the quarter, compared to analysts’ expectations of $376.67 million. TripAdvisor had a net margin of 6.87% and a return on equity of 8.87%. The firm’s revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.33 EPS. On average, equities analysts anticipate that TripAdvisor will post $1.14 earnings per share for the current fiscal year.

Large investors have recently modified their holdings of the stock. Lourd Capital LLC increased its stake in shares of TripAdvisor by 0.6% in the second quarter. Lourd Capital LLC now owns 7,497 shares of the travel company’s stock valued at $286,000 after buying an additional 47 shares during the period. Sumitomo Mitsui Asset Management Company LTD increased its stake in shares of TripAdvisor by 4.5% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 10,930 shares of the travel company’s stock valued at $417,000 after buying an additional 466 shares during the period. Shell Asset Management Co. increased its stake in shares of TripAdvisor by 28.4% in the second quarter. Shell Asset Management Co. now owns 8,776 shares of the travel company’s stock valued at $335,000 after buying an additional 1,942 shares during the period. Financial Architects Inc increased its stake in shares of TripAdvisor by 31.8% in the second quarter. Financial Architects Inc now owns 10,030 shares of the travel company’s stock valued at $383,000 after buying an additional 2,420 shares during the period. Finally, Malaga Cove Capital LLC increased its stake in shares of TripAdvisor by 94.7% in the second quarter. Malaga Cove Capital LLC now owns 45,706 shares of the travel company’s stock valued at $1,763,000 after buying an additional 22,228 shares during the period. Institutional investors and hedge funds own 89.59% of the company’s stock.

A number of equities research analysts recently commented on TRIP shares. Hilliard Lyons upgraded shares of TripAdvisor from a “neutral” rating to a “buy” rating and raised their price objective for the company from $45.00 to $65.00 in a research report on Friday, May 12th. Zacks Investment Research upgraded shares of TripAdvisor from a “sell” rating to a “hold” rating in a research report on Monday, May 15th. Deutsche Bank AG reduced their price objective on shares of TripAdvisor from $37.00 to $35.00 and set a “hold” rating for the company in a research report on Thursday, May 11th. Stifel Nicolaus lifted their price target on shares of TripAdvisor from $37.00 to $40.00 and gave the company a “hold” rating in a research report on Thursday, May 11th. Finally, Cantor Fitzgerald reiterated a “hold” rating and set a $54.00 price target on shares of TripAdvisor in a research report on Wednesday, May 10th. Eight research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $48.17.

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TripAdvisor Company Profile

TripAdvisor, Inc owns and operates a portfolio of online travel brands. TripAdvisor, the Company’s brand, is a travel site. The Company operates through two segments: Hotel and Non-Hotel. The Company’s Hotel segment includes click-based advertising and transaction; display-based and subscription-based advertising, and other hotel operations.

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