The TripAdvisor Inc. (TRIP) Short Interest Down 10.8% in November

The TripAdvisor Inc. (TRIP) Short Interest Down 10.8% in November

TripAdvisor Inc. (NASDAQ:TRIP) was the recipient of a significant decrease in short interest in the month of November. As of November 15th, there was short interest totalling 13,463,449 shares, a decrease of 10.8% from the October 31st total of 15,099,647 shares. Based on an average daily trading volume, of 4,835,764 shares, the short-interest ratio is currently 2.8 days. Approximately 11.8% of the shares of the stock are short sold.

Several equities research analysts have recently weighed in on the company. Jefferies Group reiterated a “hold” rating and set a $59.00 price target (up from $50.79) on shares of TripAdvisor in a research report on Monday, November 21st. Zacks Investment Research upgraded shares of TripAdvisor from a “sell” rating to a “hold” rating in a research report on Monday, November 14th. Credit Suisse Group AG restated an “outperform” rating and issued a $65.00 price objective (down from $78.00) on shares of TripAdvisor in a research report on Friday, November 11th. Barclays PLC restated an “equal weight” rating and issued a $57.00 price objective (down from $67.00) on shares of TripAdvisor in a research report on Friday, November 11th. Finally, Deutsche Bank AG restated a “hold” rating and issued a $63.00 price objective on shares of TripAdvisor in a research report on Thursday, November 10th. Three equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and three have given a buy rating to the company’s stock. TripAdvisor currently has a consensus rating of “Hold” and an average target price of $63.08.

In other news, SVP Seth J. Kalvert sold 1,687 shares of the company’s stock in a transaction dated Wednesday, September 21st. The stock was sold at an average price of $60.50, for a total transaction of $102,063.50. Following the sale, the senior vice president now directly owns 10,653 shares in the company, valued at $644,506.50. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Viator CEO Barrie Seidenberg sold 4,274 shares of the company’s stock in a transaction dated Monday, September 26th. The shares were sold at an average price of $60.77, for a total value of $259,730.98. Following the sale, the insider now owns 286 shares in the company, valued at $17,380.22. The disclosure for this sale can be found here. Insiders own 0.98% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Nordea Investment Management AB raised its position in shares of TripAdvisor by 20.7% in the second quarter. Nordea Investment Management AB now owns 168,886 shares of the travel company’s stock valued at $10,859,000 after buying an additional 28,980 shares in the last quarter. Eagle Asset Management Inc. raised its position in shares of TripAdvisor by 5.0% in the second quarter. Eagle Asset Management Inc. now owns 202,596 shares of the travel company’s stock valued at $13,026,000 after buying an additional 9,710 shares in the last quarter. Nisa Investment Advisors LLC raised its position in shares of TripAdvisor by 31.7% in the second quarter. Nisa Investment Advisors LLC now owns 21,967 shares of the travel company’s stock valued at $1,412,000 after buying an additional 5,285 shares in the last quarter. Marathon Asset Management LLP raised its position in shares of TripAdvisor by 1.9% in the second quarter. Marathon Asset Management LLP now owns 129,144 shares of the travel company’s stock valued at $8,304,000 after buying an additional 2,444 shares in the last quarter. Finally, MAI Capital Management raised its position in shares of TripAdvisor by 4.2% in the second quarter. MAI Capital Management now owns 8,853 shares of the travel company’s stock valued at $569,000 after buying an additional 358 shares in the last quarter. 89.10% of the stock is currently owned by institutional investors.

TripAdvisor (NASDAQ:TRIP) opened at 51.17 on Monday. The company has a market capitalization of $7.46 billion, a P/E ratio of 61.50 and a beta of 2.31. The stock’s 50 day moving average price is $58.89 and its 200 day moving average price is $63.31. TripAdvisor has a one year low of $48.52 and a one year high of $87.50.

TripAdvisor (NASDAQ:TRIP) last released its quarterly earnings results on Tuesday, November 8th. The travel company reported $0.53 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.53. The firm earned $421 million during the quarter, compared to analyst estimates of $436.31 million. TripAdvisor had a return on equity of 12.67% and a net margin of 8.08%. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.53 EPS. Equities analysts anticipate that TripAdvisor will post $1.54 EPS for the current fiscal year.

TripAdvisor Company Profile

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