Tripadvisor Sees Unusually High Options Volume (NASDAQ:TRIP)

Tripadvisor, Inc. (NASDAQ:TRIP - Get Free Report) was the recipient of unusually large options trading on Wednesday. Traders acquired 47,369 call options on the stock. This is an increase of approximately 851% compared to the average volume of 4,982 call options.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Raymond James & Associates boosted its position in Tripadvisor by 1.7% in the third quarter. Raymond James & Associates now owns 264,162 shares of the travel company's stock worth $4,380,000 after purchasing an additional 4,375 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in Tripadvisor by 36.6% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 37,982 shares of the travel company's stock worth $630,000 after buying an additional 10,181 shares in the last quarter. New York State Teachers Retirement System lifted its position in shares of Tripadvisor by 6.7% in the third quarter. New York State Teachers Retirement System now owns 129,162 shares of the travel company's stock valued at $2,142,000 after acquiring an additional 8,125 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Tripadvisor by 57.6% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 138,740 shares of the travel company's stock worth $2,300,000 after acquiring an additional 50,703 shares during the period. Finally, Oregon Public Employees Retirement Fund raised its position in shares of Tripadvisor by 4.1% during the third quarter. Oregon Public Employees Retirement Fund now owns 31,866 shares of the travel company's stock valued at $528,000 after buying an additional 1,258 shares during the last quarter. Institutional investors own 98.99% of the company's stock.

Analyst Ratings Changes

TRIP has been the subject of several analyst reports. TheStreet raised shares of Tripadvisor from a "d+" rating to a "c" rating in a research note on Wednesday, February 14th. Truist Financial raised their target price on shares of Tripadvisor from $18.00 to $28.00 and gave the company a "hold" rating in a research note on Thursday, March 14th. Citigroup boosted their price target on Tripadvisor from $23.00 to $28.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 17th. BMO Capital Markets lifted their target price on Tripadvisor from $20.00 to $23.00 and gave the stock a "market perform" rating in a research note on Friday, February 16th. Finally, Mizuho lifted their target price on shares of Tripadvisor from $20.00 to $23.00 and gave the stock a "neutral" rating in a report on Friday, February 16th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, Tripadvisor has a consensus rating of "Hold" and an average price target of $24.12.

Tripadvisor Stock Down 28.7 %

Shares of TRIP stock traded down $7.32 during mid-day trading on Wednesday, reaching $18.16. 27,625,947 shares of the company's stock traded hands, compared to its average volume of 2,645,316. The company has a quick ratio of 2.27, a current ratio of 2.27 and a debt-to-equity ratio of 1.02. The company's 50-day moving average price is $26.64 and its 200-day moving average price is $22.48. The company has a market cap of $2.50 billion, a P/E ratio of 302.67, a P/E/G ratio of 1.62 and a beta of 1.56. Tripadvisor has a 12 month low of $14.15 and a 12 month high of $28.76.

Tripadvisor (NASDAQ:TRIP - Get Free Report) last released its earnings results on Wednesday, February 14th. The travel company reported $0.21 EPS for the quarter, topping analysts' consensus estimates of $0.07 by $0.14. The firm had revenue of $390.00 million for the quarter, compared to analysts' expectations of $372.93 million. Tripadvisor had a return on equity of 11.69% and a net margin of 0.56%. On average, equities analysts expect that Tripadvisor will post 0.88 earnings per share for the current fiscal year.

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.