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

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

Hedge Funds Weigh In On Tripadvisor

A number of hedge funds have recently modified their holdings of the business. AQR Capital Management LLC lifted its holdings in shares of Tripadvisor by 40.1% during the fourth quarter. AQR Capital Management LLC now owns 3,364,542 shares of the travel company’s stock worth $49,694,000 after purchasing an additional 962,262 shares during the period. Northern Trust Corp lifted its holdings in shares of Tripadvisor by 6.3% during the fourth quarter. Northern Trust Corp now owns 656,986 shares of the travel company’s stock worth $9,704,000 after purchasing an additional 38,858 shares during the period. Tudor Investment Corp ET AL acquired a new position in shares of Tripadvisor during the fourth quarter worth $1,251,000. Oxford Asset Management LLP acquired a new position in shares of Tripadvisor during the fourth quarter worth $174,000. Finally, Susquehanna Fundamental Investments LLC acquired a new position in shares of Tripadvisor during the fourth quarter worth $2,411,000. Institutional investors and hedge funds own 98.99% of the company’s stock.

Tripadvisor Stock Performance

Shares of Tripadvisor stock opened at $17.81 on Friday. The firm has a market capitalization of $2.48 billion, a P/E ratio of 77.44, a P/E/G ratio of 9.54 and a beta of 1.34. The company’s 50 day moving average price is $15.67 and its two-hundred day moving average price is $14.97. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.85 and a quick ratio of 1.85. Tripadvisor has a fifty-two week low of $12.93 and a fifty-two week high of $28.76.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. B. Riley raised their target price on shares of Tripadvisor from $19.00 to $20.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. DA Davidson reiterated a “neutral” rating and set a $16.00 price target on shares of Tripadvisor in a research report on Thursday, December 19th. TD Cowen increased their price target on shares of Tripadvisor from $15.00 to $20.00 and gave the stock a “hold” rating in a research report on Thursday, November 7th. StockNews.com lowered shares of Tripadvisor from a “buy” rating to a “hold” rating in a research report on Thursday, January 9th. Finally, Wedbush reiterated a “neutral” rating and set a $17.00 price target on shares of Tripadvisor in a research report on Thursday, December 19th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average 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.