Traders Purchase Large Volume of Tripadvisor Put Options (TRIP)

Tripadvisor Inc (NASDAQ:TRIP) was the recipient of some unusual options trading activity on Tuesday. Stock traders purchased 6,240 put options on the company. This represents an increase of 999% compared to the typical daily volume of 568 put options.

In other news, SVP Seth J. Kalvert sold 15,653 shares of the stock in a transaction that occurred on Tuesday, December 4th. The shares were sold at an average price of $65.14, for a total transaction of $1,019,636.42. Following the transaction, the senior vice president now directly owns 15,653 shares in the company, valued at $1,019,636.42. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Noel Bertram Watson sold 723 shares of the stock in a transaction that occurred on Monday, November 12th. The shares were sold at an average price of $63.30, for a total transaction of $45,765.90. The disclosure for this sale can be found here. 3.10% of the stock is currently owned by company insiders.

Large investors have recently bought and sold shares of the stock. Raymond James & Associates raised its holdings in shares of Tripadvisor by 385.9% in the second quarter. Raymond James & Associates now owns 41,996 shares of the travel company’s stock worth $2,340,000 after buying an additional 33,353 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Tripadvisor by 72.5% in the second quarter. Tower Research Capital LLC TRC now owns 2,728 shares of the travel company’s stock worth $152,000 after buying an additional 1,147 shares during the last quarter. State of Alaska Department of Revenue raised its holdings in shares of Tripadvisor by 8.2% in the third quarter. State of Alaska Department of Revenue now owns 28,097 shares of the travel company’s stock worth $1,434,000 after buying an additional 2,127 shares during the last quarter. Lourd Capital LLC purchased a new position in shares of Tripadvisor in the third quarter worth $390,000. Finally, Andra AP fonden raised its holdings in shares of Tripadvisor by 36.4% in the third quarter. Andra AP fonden now owns 110,600 shares of the travel company’s stock worth $5,648,000 after buying an additional 29,500 shares during the last quarter. 88.11% of the stock is owned by institutional investors.

TRIP has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of Tripadvisor from a “hold” rating to a “strong-buy” rating and set a $72.00 price objective on the stock in a research note on Saturday, November 17th. DA Davidson increased their price objective on shares of Tripadvisor to $62.00 and gave the company a “neutral” rating in a research note on Friday, November 9th. They noted that the move was a valuation call. UBS Group downgraded shares of Tripadvisor from a “neutral” rating to a “sell” rating and increased their price objective for the company from $47.00 to $50.00 in a research note on Friday, November 9th. Bank of America increased their price objective on shares of Tripadvisor from $38.00 to $43.00 and gave the company an “underperform” rating in a research note on Thursday, November 8th. Finally, Credit Suisse Group upgraded shares of Tripadvisor from an “underperform” rating to a “neutral” rating and increased their price objective for the company from $44.00 to $51.00 in a research note on Thursday, October 25th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $55.71.

NASDAQ:TRIP opened at $59.95 on Wednesday. Tripadvisor has a 52 week low of $34.76 and a 52 week high of $69.00. The company has a market cap of $7.93 billion, a P/E ratio of 124.90, a PEG ratio of 3.24 and a beta of 1.49.

Tripadvisor (NASDAQ:TRIP) last posted its earnings results on Wednesday, November 7th. The travel company reported $0.72 EPS for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.24. Tripadvisor had a net margin of 1.38% and a return on equity of 7.46%. The company had revenue of $458.00 million during the quarter, compared to analysts’ expectations of $469.09 million. During the same quarter in the prior year, the company posted $0.36 earnings per share. Tripadvisor’s revenue for the quarter was up 4.3% compared to the same quarter last year. As a group, equities analysts forecast that Tripadvisor will post 1.12 EPS for the current fiscal year.

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Tripadvisor Company Profile

TripAdvisor, Inc operates as an online travel company. The company operates in two segments, Hotel and Non-Hotel. Its travel platform aggregates reviews and opinions of members about destinations, accommodations, activities and attractions, and restaurants, which enables users to research and plan their travel experiences, as well as book hotels, flights, cruises, vacation rentals, tours, activities and attractions, and restaurant reservations on its site or mobile app, or on the site or app of travel partner sites.

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