Tripadvisor, Inc. (NASDAQ:TRIP) Short Interest Up 17.8% in November

Tripadvisor, Inc. (NASDAQ:TRIP) was the recipient of a significant growth in short interest in the month of November. As of November 30th, there was short interest totalling 9,510,000 shares, a growth of 17.8% from the November 15th total of 8,070,000 shares. Based on an average daily volume of 2,000,000 shares, the days-to-cover ratio is presently 4.8 days. Approximately 9.1% of the shares of the company are short sold.

Tripadvisor Trading Up 0.2 %

Tripadvisor stock traded up $0.03 during midday trading on Monday, reaching $13.80. 487,526 shares of the stock traded hands, compared to its average volume of 2,276,875. The company has a 50-day simple moving average of $14.74 and a two-hundred day simple moving average of $15.61. Tripadvisor has a 12-month low of $12.93 and a 12-month high of $28.76. The firm has a market cap of $1.92 billion, a PE ratio of 59.87, a price-to-earnings-growth ratio of 9.35 and a beta of 1.36. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.93.

Tripadvisor (NASDAQ:TRIP) last announced its earnings results on Wednesday, November 6th. The travel company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.06. The company had revenue of $532.00 million during the quarter, compared to analysts’ expectations of $527.86 million. Tripadvisor had a return on equity of 10.37% and a net margin of 1.98%. Tripadvisor’s revenue for the quarter was down .2% on a year-over-year basis. During the same period last year, the business posted $0.35 EPS. Research analysts expect that Tripadvisor will post 0.37 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Tripadvisor

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Virtu Financial LLC purchased a new position in shares of Tripadvisor in the 3rd quarter valued at about $201,000. Geode Capital Management LLC boosted its stake in shares of Tripadvisor by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,822,913 shares of the travel company’s stock valued at $26,421,000 after buying an additional 18,059 shares during the period. Public Employees Retirement System of Ohio boosted its stake in shares of Tripadvisor by 7.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 52,534 shares of the travel company’s stock valued at $761,000 after buying an additional 3,604 shares during the period. XTX Topco Ltd purchased a new position in shares of Tripadvisor in the 3rd quarter valued at about $208,000. Finally, National Bank of Canada FI boosted its stake in shares of Tripadvisor by 31.2% in the 3rd quarter. National Bank of Canada FI now owns 59,455 shares of the travel company’s stock valued at $862,000 after buying an additional 14,129 shares during the period. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on TRIP. Wedbush reaffirmed a “neutral” rating and set a $17.00 target price (up previously from $16.00) on shares of Tripadvisor in a report on Thursday, November 7th. UBS Group lowered their price objective on Tripadvisor from $18.00 to $17.00 and set a “neutral” rating on the stock in a research report on Thursday, November 7th. B. Riley upped their price objective on Tripadvisor from $19.00 to $20.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Citigroup lowered their price objective on Tripadvisor from $20.00 to $16.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 24th. Finally, StockNews.com lowered Tripadvisor from a “buy” rating to a “hold” rating in a research report on Saturday. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $18.33.

About Tripadvisor

TripAdvisor, Inc operates as an online travel company, primarily engages in the provision of travel guidance products and services worldwide. The company operates in three segments: Brand Tripadvisor, Viator, and TheFork. The Brand Tripadvisor segment offers travel guidance platforms for travelers to discover, generate, and share authentic user-generated content in the form of ratings and reviews for destinations, points-of-interest, experiences, accommodations, restaurants, and cruises.