TripAdvisor Inc. (TRIP) Short Interest Down 10.8% in November

TripAdvisor Inc. (NASDAQ:TRIP) was the recipient of a significant decline in short interest in November. As of November 15th, there was short interest totalling 13,463,449 shares, a decline of 10.8% from the October 31st total of 15,099,647 shares. Approximately 11.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 4,835,764 shares, the short-interest ratio is presently 2.8 days.

TRIP has been the subject of a number of research analyst reports. Bank of America Corp. set a $41.00 target price on shares of TripAdvisor and gave the stock a “sell” rating in a research note on Monday, September 12th. Jefferies Group dropped their target price on shares of TripAdvisor from $70.00 to $68.00 and set a “hold” rating for the company in a research note on Monday, August 1st. Oppenheimer Holdings Inc. reaffirmed a “” rating on shares of TripAdvisor in a research note on Friday, August 5th. Wells Fargo & Co. reaffirmed a “market perform” rating and issued a $67.00 target price (down from $71.00) on shares of TripAdvisor in a research note on Sunday, August 7th. Finally, Cantor Fitzgerald reaffirmed a “hold” rating on shares of TripAdvisor in a research note on Sunday, August 28th. Three investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $63.08.

Shares of TripAdvisor (NASDAQ:TRIP) opened at 51.17 on Monday. The firm’s 50-day moving average is $58.89 and its 200 day moving average is $63.31. The company has a market capitalization of $7.46 billion, a price-to-earnings ratio of 61.50 and a beta of 2.31. TripAdvisor has a 52-week low of $48.52 and a 52-week high of $87.50.

TripAdvisor (NASDAQ:TRIP) last released its quarterly earnings data on Tuesday, November 8th. The travel company reported $0.53 earnings per share for the quarter, meeting the consensus estimate of $0.53. The company earned $421 million during the quarter, compared to analyst estimates of $436.31 million. TripAdvisor had a net margin of 8.08% and a return on equity of 12.67%. TripAdvisor’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.53 EPS. On average, equities research analysts anticipate that TripAdvisor will post $1.54 earnings per share for the current year.

In other TripAdvisor news, Viator CEO Barrie Seidenberg sold 4,274 shares of the business’s stock in a transaction dated Monday, September 26th. The shares were sold at an average price of $60.77, for a total value of $259,730.98. Following the completion of the transaction, the insider now directly owns 286 shares of the company’s stock, valued at $17,380.22. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Seth J. Kalvert sold 1,687 shares of the business’s stock in a transaction dated Wednesday, September 21st. The stock was sold at an average price of $60.50, for a total transaction of $102,063.50. Following the completion of the transaction, the senior vice president now directly owns 10,653 shares of the company’s stock, valued at $644,506.50. The disclosure for this sale can be found here. 0.98% of the stock is currently owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in the stock. Global X Management Co. LLC increased its stake in TripAdvisor by 60.3% in the third quarter. Global X Management Co. LLC now owns 1,899 shares of the travel company’s stock valued at $120,000 after buying an additional 714 shares during the last quarter. Mizuho Asset Management Co. Ltd. increased its stake in TripAdvisor by 125.9% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,875 shares of the travel company’s stock valued at $121,000 after buying an additional 1,045 shares during the last quarter. MSI Financial Services Inc increased its stake in TripAdvisor by 0.3% in the third quarter. MSI Financial Services Inc now owns 2,387 shares of the travel company’s stock valued at $151,000 after buying an additional 6 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in TripAdvisor by 3,544.4% in the second quarter. Tower Research Capital LLC TRC now owns 2,624 shares of the travel company’s stock valued at $169,000 after buying an additional 2,552 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. increased its stake in TripAdvisor by 2.9% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 3,012 shares of the travel company’s stock valued at $174,000 after buying an additional 84 shares during the last quarter. Institutional investors own 89.10% of the company’s stock.

TRADEMARK VIOLATION WARNING: This news story was published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this news story on another publication, it was stolen and republished in violation of United States and international copyright and trademark law. The correct version of this news story can be accessed at https://www.thecerbatgem.com/2016/11/28/tripadvisor-inc-trip-short-interest-down-10-8-in-november.html.

About TripAdvisor

TripAdvisor, Inc is an online travel company, which owns and operates a portfolio of online travel brands. TripAdvisor, the Company’s flagship brand, is a travel Website. The Company operates in two segments. The Hotel segment’s services include making hotel room nights available for price comparison and booking, including instant booking feature, as well as subscription-based hotel products, such as Business Listings, and transaction-based hotel products, such as Jetsetter and Tingo.

5 Day Chart for NASDAQ:TRIP

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TripAdvisor Inc. (TRIP) Short Interest Down 10.8% in November

TripAdvisor Inc. (NASDAQ:TRIP) was the recipient of a significant decline in short interest in November. As of November 15th, there was short interest totalling 13,463,449 shares, a decline of 10.8% from the October 31st total of 15,099,647 shares. Approximately 11.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 4,835,764 shares, the short-interest ratio is presently 2.8 days.

TRIP has been the subject of a number of research analyst reports. Bank of America Corp. set a $41.00 target price on shares of TripAdvisor and gave the stock a “sell” rating in a research note on Monday, September 12th. Jefferies Group dropped their target price on shares of TripAdvisor from $70.00 to $68.00 and set a “hold” rating for the company in a research note on Monday, August 1st. Oppenheimer Holdings Inc. reaffirmed a “” rating on shares of TripAdvisor in a research note on Friday, August 5th. Wells Fargo & Co. reaffirmed a “market perform” rating and issued a $67.00 target price (down from $71.00) on shares of TripAdvisor in a research note on Sunday, August 7th. Finally, Cantor Fitzgerald reaffirmed a “hold” rating on shares of TripAdvisor in a research note on Sunday, August 28th. Three investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $63.08.

Shares of TripAdvisor (NASDAQ:TRIP) opened at 51.17 on Monday. The firm’s 50-day moving average is $58.89 and its 200 day moving average is $63.31. The company has a market capitalization of $7.46 billion, a price-to-earnings ratio of 61.50 and a beta of 2.31. TripAdvisor has a 52-week low of $48.52 and a 52-week high of $87.50.

TripAdvisor (NASDAQ:TRIP) last released its quarterly earnings data on Tuesday, November 8th. The travel company reported $0.53 earnings per share for the quarter, meeting the consensus estimate of $0.53. The company earned $421 million during the quarter, compared to analyst estimates of $436.31 million. TripAdvisor had a net margin of 8.08% and a return on equity of 12.67%. TripAdvisor’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.53 EPS. On average, equities research analysts anticipate that TripAdvisor will post $1.54 earnings per share for the current year.

In other TripAdvisor news, Viator CEO Barrie Seidenberg sold 4,274 shares of the business’s stock in a transaction dated Monday, September 26th. The shares were sold at an average price of $60.77, for a total value of $259,730.98. Following the completion of the transaction, the insider now directly owns 286 shares of the company’s stock, valued at $17,380.22. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Seth J. Kalvert sold 1,687 shares of the business’s stock in a transaction dated Wednesday, September 21st. The stock was sold at an average price of $60.50, for a total transaction of $102,063.50. Following the completion of the transaction, the senior vice president now directly owns 10,653 shares of the company’s stock, valued at $644,506.50. The disclosure for this sale can be found here. 0.98% of the stock is currently owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in the stock. Global X Management Co. LLC increased its stake in TripAdvisor by 60.3% in the third quarter. Global X Management Co. LLC now owns 1,899 shares of the travel company’s stock valued at $120,000 after buying an additional 714 shares during the last quarter. Mizuho Asset Management Co. Ltd. increased its stake in TripAdvisor by 125.9% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,875 shares of the travel company’s stock valued at $121,000 after buying an additional 1,045 shares during the last quarter. MSI Financial Services Inc increased its stake in TripAdvisor by 0.3% in the third quarter. MSI Financial Services Inc now owns 2,387 shares of the travel company’s stock valued at $151,000 after buying an additional 6 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in TripAdvisor by 3,544.4% in the second quarter. Tower Research Capital LLC TRC now owns 2,624 shares of the travel company’s stock valued at $169,000 after buying an additional 2,552 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. increased its stake in TripAdvisor by 2.9% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 3,012 shares of the travel company’s stock valued at $174,000 after buying an additional 84 shares during the last quarter. Institutional investors own 89.10% of the company’s stock.

TRADEMARK VIOLATION WARNING: This news story was published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this news story on another publication, it was stolen and republished in violation of United States and international copyright and trademark law. The correct version of this news story can be accessed at https://www.thecerbatgem.com/2016/11/28/tripadvisor-inc-trip-short-interest-down-10-8-in-november.html.

About TripAdvisor

TripAdvisor, Inc is an online travel company, which owns and operates a portfolio of online travel brands. TripAdvisor, the Company’s flagship brand, is a travel Website. The Company operates in two segments. The Hotel segment’s services include making hotel room nights available for price comparison and booking, including instant booking feature, as well as subscription-based hotel products, such as Business Listings, and transaction-based hotel products, such as Jetsetter and Tingo.

5 Day Chart for NASDAQ:TRIP

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