Tripadvisor Inc (NASDAQ:TRIP) was the recipient of a large drop in short interest in the month of November. As of November 15th, there was short interest totalling 10,190,000 shares, a drop of 6.8% from the October 31st total of 10,930,000 shares. Based on an average daily volume of 1,930,000 shares, the short-interest ratio is currently 5.3 days. Approximately 9.7% of the company’s shares are short sold.
Shares of NASDAQ:TRIP opened at $28.40 on Monday. The firm has a fifty day moving average of $35.23 and a two-hundred day moving average of $40.85. The firm has a market capitalization of $4.00 billion, a P/E ratio of 27.05, a price-to-earnings-growth ratio of 1.71 and a beta of 1.37. Tripadvisor has a 12-month low of $27.66 and a 12-month high of $65.41.
Tripadvisor (NASDAQ:TRIP) last issued its earnings results on Wednesday, November 6th. The travel company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. The company had revenue of $428.00 million during the quarter, compared to analyst estimates of $459.39 million. Tripadvisor had a net margin of 7.44% and a return on equity of 9.18%. The company’s revenue for the quarter was down 6.6% on a year-over-year basis. During the same quarter last year, the business posted $0.72 EPS. Sell-side analysts expect that Tripadvisor will post 1.18 earnings per share for the current year.
A number of research firms recently commented on TRIP. BidaskClub raised shares of Tripadvisor from a “strong sell” rating to a “sell” rating in a research note on Thursday. Needham & Company LLC reaffirmed a “buy” rating and issued a $63.00 price objective on shares of Tripadvisor in a research note on Thursday, November 7th. Deutsche Bank decreased their price objective on shares of Tripadvisor from $54.00 to $45.00 and set a “buy” rating for the company in a research note on Tuesday, October 22nd. UBS Group raised shares of Tripadvisor from a “sell” rating to a “neutral” rating and decreased their price objective for the stock from $44.00 to $40.00 in a research note on Wednesday, September 4th. Finally, Bank of America decreased their price objective on shares of Tripadvisor from $43.00 to $40.00 and set an “underperform” rating for the company in a research note on Friday, August 9th. Five investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the stock. Tripadvisor presently has an average rating of “Hold” and a consensus target price of $44.40.
Several large investors have recently modified their holdings of the business. Nisa Investment Advisors LLC boosted its stake in shares of Tripadvisor by 1.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 22,329 shares of the travel company’s stock valued at $864,000 after buying an additional 300 shares during the period. MUFG Americas Holdings Corp lifted its stake in shares of Tripadvisor by 136.1% in the 2nd quarter. MUFG Americas Holdings Corp now owns 687 shares of the travel company’s stock valued at $32,000 after purchasing an additional 396 shares during the last quarter. State of Michigan Retirement System lifted its stake in shares of Tripadvisor by 2.0% in the 3rd quarter. State of Michigan Retirement System now owns 25,254 shares of the travel company’s stock valued at $977,000 after purchasing an additional 500 shares during the last quarter. Rhumbline Advisers lifted its stake in shares of Tripadvisor by 0.3% in the 3rd quarter. Rhumbline Advisers now owns 191,541 shares of the travel company’s stock valued at $7,409,000 after purchasing an additional 541 shares during the last quarter. Finally, Cullen Frost Bankers Inc. acquired a new stake in shares of Tripadvisor in the 2nd quarter valued at $27,000. 83.85% of the stock is owned by institutional investors.
Tripadvisor Company Profile
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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