Tripadvisor, Inc. (NASDAQ:TRIP) Short Interest Update

Tripadvisor, Inc. (NASDAQ:TRIP) saw a significant drop in short interest in the month of January. As of January 31st, there was short interest totalling 8,030,000 shares, a drop of 23.5% from the January 15th total of 10,500,000 shares. Approximately 7.5% of the shares of the company are sold short. Based on an average daily volume of 2,480,000 shares, the short-interest ratio is presently 3.2 days.

Tripadvisor Trading Up 0.5 %

Shares of NASDAQ TRIP opened at $17.75 on Friday. Tripadvisor has a one year low of $12.93 and a one year high of $28.76. The firm has a market capitalization of $2.47 billion, a PE ratio of 77.18, a PEG ratio of 9.54 and a beta of 1.34. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.93. The business has a 50-day moving average price of $15.60 and a two-hundred day moving average price of $15.00.

Analyst Upgrades and Downgrades

TRIP has been the topic of a number of research analyst reports. DA Davidson reissued a “neutral” rating and set a $16.00 price target on shares of Tripadvisor in a report on Thursday, December 19th. TD Cowen raised their target price on Tripadvisor from $15.00 to $20.00 and gave the company a “hold” rating in a research note on Thursday, November 7th. UBS Group decreased their target price on Tripadvisor from $18.00 to $17.00 and set a “neutral” rating for the company in a research note on Thursday, November 7th. StockNews.com cut Tripadvisor from a “buy” rating to a “hold” rating in a research note on Thursday, January 9th. Finally, B. Riley raised their target price on Tripadvisor from $19.00 to $20.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $17.50.

Institutional Investors Weigh In On Tripadvisor

Institutional investors have recently bought and sold shares of the business. Barclays PLC raised its stake in shares of Tripadvisor by 22.3% during the 4th quarter. Barclays PLC now owns 70,970 shares of the travel company’s stock worth $1,049,000 after purchasing an additional 12,946 shares in the last quarter. Toronado Partners LLC bought a new position in shares of Tripadvisor in the 4th quarter valued at approximately $10,533,000. Sterling Capital Management LLC raised its stake in shares of Tripadvisor by 55.5% in the 4th quarter. Sterling Capital Management LLC now owns 6,219 shares of the travel company’s stock valued at $92,000 after acquiring an additional 2,219 shares in the last quarter. Quinn Opportunity Partners LLC raised its stake in shares of Tripadvisor by 51.8% in the 4th quarter. Quinn Opportunity Partners LLC now owns 249,063 shares of the travel company’s stock valued at $3,679,000 after acquiring an additional 85,006 shares in the last quarter. Finally, Covestor Ltd raised its stake in shares of Tripadvisor by 806.6% in the 4th quarter. Covestor Ltd now owns 6,564 shares of the travel company’s stock valued at $97,000 after acquiring an additional 5,840 shares in the last quarter. 98.99% of the stock is currently owned by institutional investors and hedge funds.

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.