Traders Purchase High Volume of TripAdvisor Put Options (TRIP)
TripAdvisor, Inc. (NASDAQ:TRIP) saw some unusual options trading activity on Monday. Stock investors bought 8,882 put options on the stock. This is an increase of approximately 830% compared to the typical volume of 955 put options.
In related news, insider Dermot Halpin sold 12,859 shares of the business’s stock in a transaction that occurred on Friday, August 18th. The shares were sold at an average price of $39.09, for a total transaction of $502,658.31. Following the completion of the transaction, the insider now owns 5,364 shares of the company’s stock, valued at $209,678.76. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 1.09% of the stock is currently owned by insiders.
Several hedge funds have recently modified their holdings of the company. Cutter & CO Brokerage Inc. grew its stake in shares of TripAdvisor by 0.5% during the second quarter. Cutter & CO Brokerage Inc. now owns 6,520 shares of the travel company’s stock worth $249,000 after acquiring an additional 30 shares during the last quarter. Lourd Capital LLC boosted its position in TripAdvisor by 0.6% in the second quarter. Lourd Capital LLC now owns 7,497 shares of the travel company’s stock valued at $286,000 after buying an additional 47 shares during the last quarter. United Capital Financial Advisers LLC boosted its position in TripAdvisor by 0.7% in the first quarter. United Capital Financial Advisers LLC now owns 9,576 shares of the travel company’s stock valued at $413,000 after buying an additional 65 shares during the last quarter. Utah Retirement Systems boosted its position in TripAdvisor by 0.5% in the first quarter. Utah Retirement Systems now owns 20,861 shares of the travel company’s stock valued at $900,000 after buying an additional 100 shares during the last quarter. Finally, Advisor Group Inc. boosted its position in TripAdvisor by 1.4% in the second quarter. Advisor Group Inc. now owns 8,401 shares of the travel company’s stock valued at $321,000 after buying an additional 118 shares during the last quarter. Institutional investors and hedge funds own 86.18% of the company’s stock.
A number of brokerages have recently issued reports on TRIP. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of TripAdvisor in a research note on Tuesday. Cowen and Company reiterated a “hold” rating and set a $42.00 price target on shares of TripAdvisor in a report on Tuesday, September 12th. ValuEngine upgraded shares of TripAdvisor from a “sell” rating to a “hold” rating in a report on Wednesday, September 6th. Jefferies Group LLC lowered shares of TripAdvisor from a “hold” rating to an “underperform” rating and decreased their price objective for the stock from $50.00 to $30.00 in a report on Thursday, August 24th. Finally, SunTrust Banks, Inc. started coverage on shares of TripAdvisor in a report on Tuesday, August 15th. They issued a “hold” rating and a $44.00 price objective for the company. Nine research analysts have rated the stock with a sell rating, seventeen have given a hold rating and one has assigned a buy rating to the company’s stock. TripAdvisor has an average rating of “Hold” and an average price target of $43.44.
Shares of TripAdvisor (TRIP) opened at 41.94 on Thursday. The stock’s 50 day moving average is $41.78 and its 200-day moving average is $41.18. The stock has a market cap of $5.82 billion, a P/E ratio of 63.45 and a beta of 2.37. TripAdvisor has a one year low of $35.34 and a one year high of $66.13.
TripAdvisor (NASDAQ:TRIP) last issued its quarterly earnings results on Tuesday, August 8th. The travel company reported $0.25 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.05). TripAdvisor had a return on equity of 8.62% and a net margin of 6.26%. The business had revenue of $424.00 million for the quarter, compared to analysts’ expectations of $421.66 million. During the same quarter in the previous year, the firm posted $0.38 EPS. TripAdvisor’s revenue was up 8.4% on a year-over-year basis. On average, equities analysts forecast that TripAdvisor will post $1.14 EPS for the current year.
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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