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

Tripadvisor, Inc. (NASDAQ:TRIP) was the recipient of a significant drop in short interest during 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. Approximately 7.5% of the shares of the stock are sold short. Based on an average daily volume of 2,480,000 shares, the days-to-cover ratio is currently 3.2 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. CWM LLC raised its stake in shares of Tripadvisor by 102.8% in the third quarter. CWM LLC now owns 21,358 shares of the travel company’s stock valued at $309,000 after acquiring an additional 10,826 shares in the last quarter. Vontobel Holding Ltd. raised its stake in shares of Tripadvisor by 19.7% in the third quarter. Vontobel Holding Ltd. now owns 160,325 shares of the travel company’s stock valued at $2,323,000 after acquiring an additional 26,388 shares in the last quarter. U S Global Investors Inc. raised its stake in shares of Tripadvisor by 71.8% in the third quarter. U S Global Investors Inc. now owns 1,512,548 shares of the travel company’s stock valued at $21,917,000 after acquiring an additional 632,353 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Tripadvisor by 4.9% in the third quarter. Assenagon Asset Management S.A. now owns 772,592 shares of the travel company’s stock valued at $11,195,000 after acquiring an additional 35,967 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Tripadvisor in the third quarter valued at $207,000. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

Tripadvisor Trading Up 0.3 %

Shares of TRIP traded up $0.06 during midday trading on Friday, hitting $17.81. 2,063,983 shares of the stock were exchanged, compared to its average volume of 2,446,722. Tripadvisor has a 52-week low of $12.93 and a 52-week high of $28.76. The stock has a fifty day simple moving average of $15.67 and a 200 day simple moving average of $15.00. The firm has a market cap 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 has a debt-to-equity ratio of 0.93, a quick ratio of 1.85 and a current ratio of 1.85.

Analyst Ratings Changes

Several equities research analysts recently commented on TRIP shares. UBS Group cut their price target on Tripadvisor from $18.00 to $17.00 and set a “neutral” rating for the company in a report on Thursday, November 7th. DA Davidson reiterated a “neutral” rating and issued a $16.00 price objective on shares of Tripadvisor in a research report on Thursday, December 19th. StockNews.com lowered Tripadvisor from a “buy” rating to a “hold” rating in a research report on Thursday, January 9th. Wedbush reiterated a “neutral” rating and issued a $17.00 price objective on shares of Tripadvisor in a research report on Thursday, December 19th. Finally, Cantor Fitzgerald lowered their price objective on Tripadvisor from $12.00 to $11.00 and set an “underweight” rating for the company in a research report on Thursday, November 7th. Three research 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’s stock. According to MarketBeat, the company has a consensus 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.