Tripadvisor Inc (TRIP) Short Interest Down 11.9% in December
Tripadvisor Inc (NASDAQ:TRIP) was the target of a large decline in short interest during the month of December. As of December 29th, there was short interest totalling 19,586,120 shares, a decline of 11.9% from the December 15th total of 22,238,710 shares. Approximately 18.3% of the shares of the stock are short sold. Based on an average daily volume of 2,124,431 shares, the short-interest ratio is presently 9.2 days.
A number of hedge funds and other institutional investors have recently made changes to their positions in TRIP. Federated Investors Inc. PA grew its stake in shares of Tripadvisor by 1,052.0% in the second quarter. Federated Investors Inc. PA now owns 26,760 shares of the travel company’s stock worth $1,022,000 after acquiring an additional 24,437 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD grew its stake in shares of Tripadvisor by 12,501.8% in the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 1,377,381 shares of the travel company’s stock worth $55,825,000 after acquiring an additional 1,366,451 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Tripadvisor in the third quarter worth $927,000. Janus Henderson Group PLC grew its stake in shares of Tripadvisor by 121.8% in the second quarter. Janus Henderson Group PLC now owns 40,714 shares of the travel company’s stock worth $1,555,000 after acquiring an additional 22,356 shares in the last quarter. Finally, Daiwa Securities Group Inc. grew its stake in shares of Tripadvisor by 194.1% in the third quarter. Daiwa Securities Group Inc. now owns 46,906 shares of the travel company’s stock worth $1,901,000 after acquiring an additional 30,956 shares in the last quarter. 88.74% of the stock is currently owned by institutional investors.
Shares of Tripadvisor (TRIP) opened at $35.90 on Thursday. The stock has a market capitalization of $4,990.00, a P/E ratio of 76.38, a price-to-earnings-growth ratio of 4.32 and a beta of 2.33. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.47 and a quick ratio of 2.47. Tripadvisor has a 12-month low of $29.50 and a 12-month high of $53.47.
TRIP has been the topic of several recent research reports. Zacks Investment Research cut Tripadvisor from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Royal Bank of Canada restated a “hold” rating and set a $38.00 target price on shares of Tripadvisor in a report on Friday, November 3rd. Jefferies Group restated a “sell” rating and set a $35.00 target price on shares of Tripadvisor in a report on Tuesday, October 31st. Wells Fargo & Co restated a “market perform” rating and set a $33.00 target price (down from $42.00) on shares of Tripadvisor in a report on Wednesday, November 8th. Finally, Deutsche Bank lowered their target price on Tripadvisor from $40.00 to $37.00 and set a “hold” rating on the stock in a report on Tuesday, October 24th. Eight equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $39.42.
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Tripadvisor Company Profile
TripAdvisor, Inc owns and operates a portfolio of online travel brands. TripAdvisor, the Company’s brand, is a travel site. The Company operates through two segments: Hotel and Non-Hotel. The Company’s Hotel segment includes click-based advertising and transaction; display-based and subscription-based advertising, and other hotel operations.
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