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

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

Shares of Tripadvisor (NASDAQ:TRIP) opened at $35.90 on Thursday. Tripadvisor has a 12-month low of $29.50 and a 12-month high of $53.47. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.47 and a current ratio of 2.47. The company has a market capitalization of $4,990.00, a PE ratio of 76.38, a PEG ratio of 4.32 and a beta of 2.33.

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

A number of equities analysts recently issued reports on the company. Jefferies Group restated a “sell” rating and issued a $35.00 target price on shares of Tripadvisor in a research note on Thursday, September 28th. Zacks Investment Research lowered Tripadvisor from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. KeyCorp restated a “hold” rating on shares of Tripadvisor in a research note on Wednesday, October 4th. Raymond James Financial restated a “market perform” rating on shares of Tripadvisor in a research note on Tuesday, September 26th. Finally, Citigroup restated a “neutral” rating and issued a $41.00 target price (up previously from $39.00) on shares of Tripadvisor in a research note on Tuesday, October 3rd. Eight investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $39.42.

Large investors have recently bought and sold shares of the company. Schwab Charles Investment Management Inc. boosted its holdings in Tripadvisor by 13.0% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 406,835 shares of the travel company’s stock worth $15,542,000 after buying an additional 46,930 shares during the last quarter. Federated Investors Inc. PA boosted its holdings in Tripadvisor by 1,052.0% in the 2nd quarter. Federated Investors Inc. PA now owns 26,760 shares of the travel company’s stock worth $1,022,000 after buying an additional 24,437 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in Tripadvisor by 18.2% in the 2nd quarter. Victory Capital Management Inc. now owns 22,826 shares of the travel company’s stock worth $872,000 after buying an additional 3,522 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in Tripadvisor in the 2nd quarter worth about $608,000. Finally, Engineers Gate Manager LP acquired a new stake in Tripadvisor in the 2nd quarter worth about $747,000. Hedge funds and other institutional investors own 88.74% of the company’s stock.

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About Tripadvisor

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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