Tripadvisor Sees Unusually Large Options Volume (NASDAQ:TRIP)

Tripadvisor, Inc. (NASDAQ:TRIP - Get Free Report) was the recipient of unusually large options trading on Wednesday. Stock investors purchased 4,494 call options on the company. This is an increase of 20% compared to the typical volume of 3,741 call options.

Tripadvisor Trading Up 8.7 %

TRIP stock traded up $1.11 during midday trading on Wednesday, hitting $13.87. 2,127,671 shares of the company's stock were exchanged, compared to its average volume of 2,477,072. Tripadvisor has a 1-year low of $10.43 and a 1-year high of $25.95. The company has a current ratio of 2.10, a quick ratio of 1.85 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $1.95 billion, a PE ratio of 691.30, a P/E/G ratio of 9.01 and a beta of 1.27. The business has a 50-day simple moving average of $13.15 and a two-hundred day simple moving average of $14.62.

Tripadvisor (NASDAQ:TRIP - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The travel company reported $0.13 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.21 by ($0.08). The business had revenue of $411.00 million for the quarter, compared to analyst estimates of $400.02 million. Tripadvisor had a return on equity of 9.02% and a net margin of 0.33%. On average, sell-side analysts predict that Tripadvisor will post 0.46 EPS for the current fiscal year.

Hedge Funds Weigh In On Tripadvisor

A number of hedge funds have recently made changes to their positions in the stock. Legato Capital Management LLC acquired a new position in Tripadvisor during the first quarter worth $2,450,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Tripadvisor during the 1st quarter valued at about $1,053,000. Allianz Asset Management GmbH grew its position in Tripadvisor by 6.6% in the 1st quarter. Allianz Asset Management GmbH now owns 35,600 shares of the travel company's stock valued at $504,000 after acquiring an additional 2,200 shares in the last quarter. Victory Capital Management Inc. increased its stake in Tripadvisor by 17.5% during the first quarter. Victory Capital Management Inc. now owns 145,003 shares of the travel company's stock worth $2,055,000 after purchasing an additional 21,637 shares during the period. Finally, Dakota Wealth Management lifted its position in shares of Tripadvisor by 15.0% during the first quarter. Dakota Wealth Management now owns 82,005 shares of the travel company's stock worth $1,162,000 after purchasing an additional 10,680 shares in the last quarter. Hedge funds and other institutional investors own 98.99% of the company's stock.

Analyst Ratings Changes

TRIP has been the topic of a number of research analyst reports. DA Davidson restated a "neutral" rating and issued a $16.00 price target on shares of Tripadvisor in a report on Thursday, February 20th. StockNews.com raised Tripadvisor from a "hold" rating to a "buy" rating in a research report on Monday, February 24th. JPMorgan Chase & Co. lowered their target price on shares of Tripadvisor from $15.00 to $11.00 and set an "underweight" rating for the company in a research note on Tuesday, April 8th. Mizuho upgraded shares of Tripadvisor to a "hold" rating in a research note on Friday, April 18th. Finally, B. Riley cut their price objective on Tripadvisor from $20.00 to $18.00 and set a "neutral" rating on the stock in a report on Monday, March 10th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, Tripadvisor presently has a consensus rating of "Hold" and a consensus target price of $17.14.

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.

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