Tripadvisor Inc (TRIP) Short Interest Down 11.9% in December

Tripadvisor Inc (NASDAQ:TRIP) was the recipient of a large decline in short interest in the month of December. As of December 29th, there was short interest totalling 19,586,120 shares, a decline of 11.9% from the December 15th total of 22,238,710 shares. Based on an average daily volume of 2,124,431 shares, the short-interest ratio is presently 9.2 days. Currently, 18.3% of the shares of the company are short sold.

Hedge funds have recently added to or reduced their stakes in the stock. FNY Managed Accounts LLC acquired a new position in Tripadvisor during the 3rd quarter worth approximately $101,000. D.A. Davidson & CO. increased its position in Tripadvisor by 957.0% during the 3rd quarter. D.A. Davidson & CO. now owns 5,655 shares of the travel company’s stock worth $229,000 after purchasing an additional 5,120 shares in the last quarter. BlueMountain Capital Management LLC acquired a new position in Tripadvisor during the 2nd quarter worth approximately $242,000. Westfield Capital Management Co. LP acquired a new position in Tripadvisor during the 2nd quarter worth approximately $252,000. Finally, Flinton Capital Management LLC increased its position in Tripadvisor by 12.9% during the 2nd quarter. Flinton Capital Management LLC now owns 7,008 shares of the travel company’s stock worth $268,000 after purchasing an additional 800 shares in the last quarter. Institutional investors and hedge funds own 88.71% of the company’s stock.

A number of analysts have issued reports on the stock. Zacks Investment Research raised shares of Tripadvisor from a “sell” rating to a “buy” rating and set a $39.00 price objective for the company in a report on Thursday. Wells Fargo & Co reissued a “market perform” rating and issued a $33.00 price objective (down previously from $42.00) on shares of Tripadvisor in a report on Wednesday, November 8th. Jefferies Group restated a “sell” rating and issued a $35.00 target price on shares of Tripadvisor in a research report on Thursday, September 28th. Hilliard Lyons cut shares of Tripadvisor from a “buy” rating to a “neutral” rating in a research report on Wednesday, November 8th. Finally, Royal Bank of Canada restated a “hold” rating and issued a $38.00 target price on shares of Tripadvisor in a research report on Friday, November 3rd. Eight investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $39.42.

Tripadvisor (TRIP) opened at $36.54 on Friday. The stock has a market cap of $5,070.00, a P/E ratio of 77.74, a P/E/G ratio of 4.11 and a beta of 2.33. Tripadvisor has a 12-month low of $29.50 and a 12-month high of $53.58. The company has a current ratio of 2.47, a quick ratio of 2.47 and a debt-to-equity ratio of 0.19.

Tripadvisor (NASDAQ:TRIP) last released its quarterly earnings data on Monday, November 6th. The travel company reported $0.36 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.36. The business had revenue of $439.00 million during the quarter, compared to analysts’ expectations of $451.27 million. Tripadvisor had a net margin of 4.26% and a return on equity of 6.81%. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.53 EPS. analysts anticipate that Tripadvisor will post 0.69 earnings per share for the current year.

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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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