TripAdvisor, Inc. (TRIP) Sees Significant Growth in Short Interest
TripAdvisor, Inc. (NASDAQ:TRIP) saw a significant growth in short interest in September. As of September 15th, there was short interest totalling 21,692,871 shares, a growth of 11.0% from the August 31st total of 19,547,141 shares. Based on an average daily volume of 2,906,377 shares, the short-interest ratio is presently 7.5 days. Currently, 20.2% of the shares of the company are short sold.
In related news, insider Dermot Halpin sold 12,859 shares of TripAdvisor stock in a transaction on Friday, August 18th. The stock was sold at an average price of $39.09, for a total transaction of $502,658.31. Following the transaction, the insider now directly owns 5,364 shares in the company, valued at $209,678.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.09% of the stock is currently owned by insiders.
Hedge funds have recently added to or reduced their stakes in the business. Neuberger Berman Group LLC acquired a new stake in TripAdvisor in the 2nd quarter valued at about $19,979,000. Hosking Partners LLP raised its holdings in TripAdvisor by 1.6% in the 2nd quarter. Hosking Partners LLP now owns 197,913 shares of the travel company’s stock valued at $7,560,000 after acquiring an additional 3,178 shares during the last quarter. Federated Investors Inc. PA raised 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 valued at $1,022,000 after acquiring an additional 24,437 shares during the last quarter. Bank of Nova Scotia acquired a new stake in TripAdvisor in the 1st quarter valued at about $1,612,000. Finally, Soros Fund Management LLC raised its holdings in TripAdvisor by 1,269.2% in the 1st quarter. Soros Fund Management LLC now owns 249,280 shares of the travel company’s stock valued at $10,759,000 after acquiring an additional 231,074 shares during the last quarter. Institutional investors own 86.18% of the company’s stock.
Shares of TripAdvisor (NASDAQ:TRIP) opened at 40.53 on Friday. The company has a market capitalization of $5.62 billion, a PE ratio of 61.32 and a beta of 2.37. The firm’s 50-day moving average price is $41.78 and its 200 day moving average price is $41.18. TripAdvisor has a 52 week low of $35.34 and a 52 week high of $66.13.
TripAdvisor (NASDAQ:TRIP) last released its quarterly earnings data on Tuesday, August 8th. The travel company reported $0.25 EPS for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.05). The business had revenue of $424.00 million during the quarter, compared to analyst estimates of $421.66 million. TripAdvisor had a net margin of 6.26% and a return on equity of 8.62%. The firm’s revenue was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.38 EPS. Equities analysts predict that TripAdvisor will post $1.14 EPS for the current year.
Several research firms recently weighed in on TRIP. Jefferies Group LLC reiterated a “sell” rating and set a $35.00 target price on shares of TripAdvisor in a research report on Thursday. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of TripAdvisor in a research report on Tuesday, September 26th. Cowen and Company reiterated a “hold” rating and set a $42.00 target price on shares of TripAdvisor in a research report on Tuesday, September 12th. ValuEngine upgraded TripAdvisor from a “sell” rating to a “hold” rating in a research report on Wednesday, September 6th. Finally, SunTrust Banks, Inc. began coverage on TripAdvisor in a research report on Tuesday, August 15th. They set a “hold” rating and a $44.00 target price on the stock. Nine analysts have rated the stock with a sell rating, seventeen have given a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $43.72.
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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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