TripAdvisor Sees Unusually Large Options Volume (NASDAQ:TRIP)

TripAdvisor, Inc. (NASDAQ:TRIP) was the recipient of unusually large options trading on Tuesday. Stock traders acquired 16,298 put options on the company. This is an increase of approximately 106% compared to the typical volume of 7,904 put options.

TripAdvisor Price Performance

TripAdvisor stock traded down $0.01 during midday trading on Tuesday, reaching $9.51. 834,354 shares of the stock traded hands, compared to its average volume of 3,606,181. The stock has a market cap of $1.11 billion, a P/E ratio of 953.45, a PEG ratio of 3.67 and a beta of 0.86. The stock’s fifty day moving average is $12.65 and its 200-day moving average is $11.39. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 1.28. TripAdvisor has a 12 month low of $9.01 and a 12 month high of $20.16.

TripAdvisor (NASDAQ:TRIP) last released its quarterly earnings data on Thursday, August 6th. The travel company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.03). The firm had revenue of $385.30 million during the quarter, compared to the consensus estimate of $506.27 million. TripAdvisor had a return on equity of 4.23% and a net margin of 0.28%.The business’s revenue was down 7.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.46 EPS. As a group, equities research analysts anticipate that TripAdvisor will post 0.36 EPS for the current year.

Wall Street Analyst Weigh In

TRIP has been the topic of several recent analyst reports. DA Davidson lifted their target price on TripAdvisor from $10.50 to $15.50 and gave the company a “neutral” rating in a research note on Monday, June 15th. Wedbush upped their price target on TripAdvisor from $19.00 to $20.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 16th. UBS Group cut their price objective on shares of TripAdvisor from $15.00 to $12.00 and set a “neutral” rating for the company in a report on Tuesday, August 11th. Cantor Fitzgerald reduced their price objective on shares of TripAdvisor from $10.00 to $9.00 and set an “underweight” rating on the stock in a research report on Friday, August 7th. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $16.00 target price on shares of TripAdvisor in a report on Monday, July 20th. Four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat, TripAdvisor presently has a consensus rating of “Reduce” and an average target price of $14.12.

Hedge Funds Weigh In On TripAdvisor

Several institutional investors have recently bought and sold shares of the business. Nykredit A S bought a new stake in shares of TripAdvisor in the 2nd quarter worth about $32,000. UMB Bank n.a. lifted its holdings in shares of TripAdvisor by 295.2% in the 4th quarter. UMB Bank n.a. now owns 2,300 shares of the travel company’s stock valued at $33,000 after acquiring an additional 1,718 shares during the last quarter. Kestra Advisory Services LLC bought a new position in shares of TripAdvisor in the 4th quarter valued at about $33,000. Public Employees Retirement System of Ohio purchased a new position in TripAdvisor in the second quarter worth about $36,000. Finally, Rockefeller Capital Management L.P. grew its position in TripAdvisor by 192.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,767 shares of the travel company’s stock worth $40,000 after acquiring an additional 1,821 shares in the last quarter. Institutional investors own 98.99% of the company’s stock.

About TripAdvisor

TripAdvisor (NASDAQ:TRIP) is a leading online travel company that operates a digital platform for travel information, reviews and booking services. The company’s flagship website and mobile apps allow users to access and contribute travel-related content—ranging from hotel and restaurant reviews to ratings for tours, attractions and vacation rentals—helping consumers plan and book trips around the world.

The core of TripAdvisor’s offering is its community-driven review system, which aggregates user-generated feedback alongside editorial content and professional photography.