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.

Tripadvisor (NASDAQ:TRIP) last announced its earnings results on Monday, November 6th. The travel company reported $0.36 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.36. The company had revenue of $439.00 million for the quarter, compared to analyst estimates of $451.27 million. Tripadvisor had a return on equity of 6.81% and a net margin of 4.26%. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.53 earnings per share. equities research analysts expect that Tripadvisor will post 0.69 EPS for the current year.

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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