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

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. LPL Financial LLC raised its holdings in Tripadvisor by 8.7% in the 4th quarter. LPL Financial LLC now owns 12,511 shares of the travel company’s stock valued at $185,000 after acquiring an additional 997 shares during the period. Blue Trust Inc. raised its holdings in Tripadvisor by 204.4% in the 4th quarter. Blue Trust Inc. now owns 2,298 shares of the travel company’s stock valued at $33,000 after acquiring an additional 1,543 shares during the period. Aster Capital Management DIFC Ltd raised its holdings in Tripadvisor by 83.8% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 3,414 shares of the travel company’s stock valued at $50,000 after acquiring an additional 1,557 shares during the period. KBC Group NV raised its holdings in Tripadvisor by 65.3% in the 3rd quarter. KBC Group NV now owns 4,499 shares of the travel company’s stock valued at $65,000 after acquiring an additional 1,777 shares during the period. Finally, True Wealth Design LLC bought a new position in Tripadvisor in the 3rd quarter valued at about $27,000. 98.99% of the stock is owned by institutional investors.

Tripadvisor Trading Up 0.3 %

Shares of NASDAQ:TRIP opened at $17.81 on Friday. Tripadvisor has a 52-week low of $12.93 and a 52-week high of $28.76. The company has a market capitalization of $2.48 billion, a P/E ratio of 77.44, a price-to-earnings-growth ratio of 9.54 and a beta of 1.34. The company has a 50-day simple moving average of $15.67 and a 200 day simple moving average of $14.97. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.85 and a current ratio of 1.85.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. UBS Group lowered their price objective on shares of Tripadvisor from $18.00 to $17.00 and set a “neutral” rating for the company in a research report on Thursday, November 7th. Cantor Fitzgerald reduced their price objective on shares of Tripadvisor from $12.00 to $11.00 and set an “underweight” rating for the company in a research note on Thursday, November 7th. B. Riley increased their price objective on shares of Tripadvisor from $19.00 to $20.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. StockNews.com downgraded shares of Tripadvisor from a “buy” rating to a “hold” rating in a research note on Thursday, January 9th. Finally, TD Cowen increased their price objective on shares of Tripadvisor from $15.00 to $20.00 and gave the stock a “hold” rating in a research note on Thursday, November 7th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $17.50.

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.