Tripadvisor, Inc. (NASDAQ:TRIP) Sees Significant Growth in Short Interest

Tripadvisor, Inc. (NASDAQ:TRIP) was the target of a large increase in short interest in the month of November. As of November 30th, there was short interest totalling 9,510,000 shares, an increase of 17.8% from the November 15th total of 8,070,000 shares. Currently, 9.1% of the company’s shares are sold short. Based on an average daily trading volume, of 2,000,000 shares, the short-interest ratio is presently 4.8 days.

Tripadvisor Price Performance

Shares of TRIP opened at $13.77 on Friday. 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. Tripadvisor has a 52-week low of $12.93 and a 52-week high of $28.76. The business’s 50 day moving average price is $14.74 and its two-hundred day moving average price is $15.62. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.85 and a current ratio of 1.85.

Tripadvisor (NASDAQ:TRIP) last released its earnings results on Wednesday, November 6th. The travel company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.06. The company had revenue of $532.00 million for the quarter, compared to the consensus estimate of $527.86 million. Tripadvisor had a net margin of 1.98% and a return on equity of 10.37%. Tripadvisor’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.35 EPS. On average, equities analysts anticipate that Tripadvisor will post 0.37 EPS for the current year.

Analysts Set New Price Targets

TRIP has been the subject of several recent research reports. B. Riley upped their price target on shares of Tripadvisor from $19.00 to $20.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. StockNews.com downgraded Tripadvisor from a “buy” rating to a “hold” rating in a report on Saturday. Truist Financial lowered their target price on Tripadvisor from $21.00 to $17.00 and set a “hold” rating for the company in a research report on Wednesday, September 4th. TD Cowen upped their price target on Tripadvisor from $15.00 to $20.00 and gave the company a “hold” rating in a research report on Thursday, November 7th. Finally, UBS Group lowered their price objective on Tripadvisor from $18.00 to $17.00 and set a “neutral” rating for the company in a research report on Thursday, November 7th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $18.33.

Hedge Funds Weigh In On Tripadvisor

Institutional investors have recently made changes to their positions in the stock. Pacer Advisors Inc. grew its stake in shares of Tripadvisor by 167.6% in the 3rd quarter. Pacer Advisors Inc. now owns 5,067,733 shares of the travel company’s stock valued at $73,431,000 after buying an additional 3,173,817 shares during the period. River Road Asset Management LLC boosted its holdings in Tripadvisor by 33.3% in the third quarter. River Road Asset Management LLC now owns 3,670,063 shares of the travel company’s stock worth $53,179,000 after acquiring an additional 917,689 shares in the last quarter. State Street Corp grew its stake in Tripadvisor by 1.0% in the third quarter. State Street Corp now owns 3,457,661 shares of the travel company’s stock valued at $50,102,000 after acquiring an additional 33,809 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Tripadvisor by 3.6% during the second quarter. Dimensional Fund Advisors LP now owns 2,733,746 shares of the travel company’s stock valued at $48,686,000 after acquiring an additional 95,138 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its holdings in shares of Tripadvisor by 15.0% during the third quarter. Jacobs Levy Equity Management Inc. now owns 2,566,342 shares of the travel company’s stock valued at $37,186,000 after acquiring an additional 334,961 shares in the last quarter. Institutional investors and hedge funds own 98.99% of the company’s stock.

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.