Tripadvisor, Inc. (NASDAQ:TRIP) Short Interest Up 26.1% in September

Tripadvisor, Inc. (NASDAQ:TRIP) was the recipient of a large increase in short interest during the month of September. As of September 30th, there was short interest totalling 9,370,000 shares, an increase of 26.1% from the September 15th total of 7,430,000 shares. Based on an average daily trading volume, of 2,100,000 shares, the days-to-cover ratio is presently 4.5 days. Currently, 9.1% of the company’s shares are sold short.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. JPMorgan Chase & Co. cut their price target on Tripadvisor from $17.00 to $14.00 and set an “underweight” rating for the company in a report on Wednesday, August 7th. Truist Financial dropped their price objective on Tripadvisor from $21.00 to $17.00 and set a “hold” rating on the stock in a research note on Wednesday, September 4th. BMO Capital Markets lowered their price objective on Tripadvisor from $20.00 to $17.00 and set a “market perform” rating for the company in a research report on Wednesday, August 7th. BTIG Research reduced their price objective on Tripadvisor from $25.00 to $20.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. Finally, The Goldman Sachs Group reduced their price objective on Tripadvisor from $27.00 to $24.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $18.33.

Tripadvisor Price Performance

Shares of Tripadvisor stock traded up $0.22 during trading on Tuesday, reaching $14.97. 1,756,355 shares of the stock traded hands, compared to its average volume of 2,356,107. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.68 and a quick ratio of 1.68. Tripadvisor has a 52-week low of $12.93 and a 52-week high of $28.76. The business has a fifty day simple moving average of $14.22 and a two-hundred day simple moving average of $18.30. The company has a market capitalization of $2.08 billion, a price-to-earnings ratio of 98.33, a P/E/G ratio of 2.15 and a beta of 1.39.

Tripadvisor (NASDAQ:TRIP) last posted its quarterly earnings data on Tuesday, August 6th. The travel company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.37 by $0.02. The business had revenue of $497.00 million during the quarter, compared to the consensus estimate of $504.76 million. Tripadvisor had a net margin of 1.32% and a return on equity of 11.81%. The business’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.21 earnings per share. Sell-side analysts expect that Tripadvisor will post 0.37 EPS for the current year.

Institutional Investors Weigh In On Tripadvisor

Several institutional investors have recently modified their holdings of TRIP. CWM LLC boosted its holdings in Tripadvisor by 102.8% during the third quarter. CWM LLC now owns 21,358 shares of the travel company’s stock worth $309,000 after buying an additional 10,826 shares in the last quarter. Future Financial Wealth Managment LLC acquired a new position in shares of Tripadvisor in the third quarter valued at approximately $43,000. Handelsbanken Fonder AB boosted its stake in shares of Tripadvisor by 60.3% in the third quarter. Handelsbanken Fonder AB now owns 31,900 shares of the travel company’s stock valued at $462,000 after purchasing an additional 12,000 shares during the period. Quent Capital LLC boosted its stake in shares of Tripadvisor by 88.7% in the third quarter. Quent Capital LLC now owns 10,423 shares of the travel company’s stock valued at $151,000 after purchasing an additional 4,899 shares during the period. Finally, SG Americas Securities LLC boosted its stake in Tripadvisor by 294.8% during the 3rd quarter. SG Americas Securities LLC now owns 94,768 shares of the travel company’s stock valued at $1,373,000 after acquiring an additional 70,764 shares during the last quarter. 98.99% of the stock is owned by hedge funds and other institutional investors.

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.