Tripadvisor, Inc. (NASDAQ:TRIP) Short Interest Down 23.5% in January

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

Analyst Ratings Changes

A number of analysts have commented on the company. Cantor Fitzgerald lowered their price target on Tripadvisor from $12.00 to $11.00 and set an “underweight” rating for the company in a research report on Thursday, November 7th. DA Davidson reaffirmed a “neutral” rating and set a $16.00 price target on shares of Tripadvisor in a research report on Thursday, December 19th. Wedbush reaffirmed a “neutral” rating and set a $17.00 price target on shares of Tripadvisor in a research report on Thursday, December 19th. TD Cowen boosted their price objective on Tripadvisor from $15.00 to $20.00 and gave the company a “hold” rating in a report on Thursday, November 7th. Finally, StockNews.com cut Tripadvisor from a “buy” rating to a “hold” rating in a report on Thursday, January 9th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $17.50.

Tripadvisor Price Performance

Shares of Tripadvisor stock traded up $0.06 on Friday, hitting $17.81. The company’s stock had a trading volume of 2,063,983 shares, compared to its average volume of 2,446,722. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.85 and a current ratio of 1.85. Tripadvisor has a 1 year low of $12.93 and a 1 year high of $28.76. The firm has a fifty day moving average price of $15.67 and a 200-day moving average price of $15.00. The company has a market capitalization of $2.48 billion, a price-to-earnings ratio of 77.44, a price-to-earnings-growth ratio of 9.54 and a beta of 1.34.

Hedge Funds Weigh In On Tripadvisor

Several institutional investors and hedge funds have recently modified their holdings of the business. Pacer Advisors Inc. increased its stake in Tripadvisor by 167.6% during the 3rd quarter. Pacer Advisors Inc. now owns 5,067,733 shares of the travel company’s stock worth $73,431,000 after buying an additional 3,173,817 shares in the last quarter. River Road Asset Management LLC increased its stake in Tripadvisor by 1.3% during the 4th quarter. River Road Asset Management LLC now owns 3,715,961 shares of the travel company’s stock worth $54,885,000 after buying an additional 45,898 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Tripadvisor by 20.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,633,866 shares of the travel company’s stock worth $53,674,000 after buying an additional 615,519 shares in the last quarter. State Street Corp increased its stake in Tripadvisor by 1.0% during the 3rd quarter. State Street Corp now owns 3,457,661 shares of the travel company’s stock worth $50,102,000 after buying an additional 33,809 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in Tripadvisor by 40.1% during the 4th quarter. AQR Capital Management LLC now owns 3,364,542 shares of the travel company’s stock worth $49,694,000 after buying an additional 962,262 shares in the last quarter. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Tripadvisor Company Profile

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.