Traders Purchase High Volume of Tripadvisor Call Options (NASDAQ:TRIP)

Tripadvisor, Inc. (NASDAQ:TRIP) was the recipient of some unusual options trading on Thursday. Traders purchased 9,754 call options on the company. This is an increase of 192% compared to the average daily volume of 3,338 call options.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. True Wealth Design LLC acquired a new stake in Tripadvisor during the 3rd quarter valued at $27,000. Capital Performance Advisors LLP acquired a new stake in shares of Tripadvisor during the 3rd quarter worth about $28,000. Blue Trust Inc. boosted its holdings in shares of Tripadvisor by 204.4% during the 4th quarter. Blue Trust Inc. now owns 2,298 shares of the travel company’s stock worth $33,000 after buying an additional 1,543 shares during the period. Future Financial Wealth Managment LLC bought a new stake in shares of Tripadvisor during the 3rd quarter worth about $43,000. Finally, GAMMA Investing LLC grew its stake in Tripadvisor by 204.7% in the 4th quarter. GAMMA Investing LLC now owns 3,675 shares of the travel company’s stock valued at $54,000 after buying an additional 2,469 shares during the last quarter. 98.99% of the stock is currently owned by institutional investors.

Tripadvisor Trading Up 13.9 %

NASDAQ TRIP opened at $17.93 on Friday. Tripadvisor has a 12 month low of $12.93 and a 12 month high of $28.76. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.93. The stock has a 50 day moving average of $14.48 and a 200-day moving average of $15.01. The company has a market cap of $2.50 billion, a PE ratio of 77.96, a PEG ratio of 8.68 and a beta of 1.33.

Tripadvisor (NASDAQ:TRIP) last released its quarterly earnings data on Wednesday, November 6th. The travel company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.06. Tripadvisor had a net margin of 1.98% and a return on equity of 10.37%. The company had revenue of $532.00 million for the quarter, compared to analyst estimates of $527.86 million. During the same period in the previous year, the business earned $0.35 EPS. Tripadvisor’s revenue for the quarter was down .2% compared to the same quarter last year. On average, equities research analysts anticipate that Tripadvisor will post 0.36 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on TRIP shares. Wedbush reiterated a “neutral” rating and issued a $17.00 price objective on shares of Tripadvisor in a research report on Thursday, December 19th. DA Davidson reissued a “neutral” rating and set a $16.00 price objective on shares of Tripadvisor in a research report on Thursday, December 19th. B. Riley boosted their price objective on shares of Tripadvisor from $19.00 to $20.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. StockNews.com cut Tripadvisor from a “buy” rating to a “hold” rating in a report on Thursday, January 9th. Finally, TD Cowen boosted their price target on Tripadvisor from $15.00 to $20.00 and gave the company a “hold” rating in a report on Thursday, November 7th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $17.50.

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.