Is Buying Tripadvisor Inc (NASDAQ:TRIP), Having Higher Short Interest a Winning Strategy?

June 13, 2018 - By Margaret Downey

TripAdvisor, Inc. (NASDAQ:TRIP) Logo

Investors sentiment decreased to 1.05 in 2018 Q1. Its down 0.19, from 1.24 in 2017Q4. It worsened, as 33 investors sold TripAdvisor, Inc. shares while 99 reduced holdings. 49 funds opened positions while 90 raised stakes. 119.17 million shares or 3.58% more from 115.06 million shares in 2017Q4 were reported.
Us State Bank De accumulated 21,992 shares. Epoch Prtn stated it has 558,015 shares. Gemmer Asset Mgmt Lc reported 240 shares. Bessemer Grp reported 0% stake. Ftb Advsrs Inc stated it has 0% of its portfolio in TripAdvisor, Inc. (NASDAQ:TRIP). Commercial Bank Of America Corp De stated it has 444,839 shares. Sumitomo Mitsui Asset Com Limited owns 1.62M shares. Ubs Asset Management Americas Incorporated invested 0% in TripAdvisor, Inc. (NASDAQ:TRIP). M&T National Bank & Trust Corp stated it has 0% of its portfolio in TripAdvisor, Inc. (NASDAQ:TRIP). Amundi Pioneer Asset Mgmt Inc owns 84,463 shares. Fifth Third State Bank holds 0% or 733 shares in its portfolio. Investmentaktiengesellschaft Fuer Langfristige Investoren Tgv owns 114,000 shares. Moreover, Two Sigma Securities Limited Liability Co has 0% invested in TripAdvisor, Inc. (NASDAQ:TRIP). Yhb Investment Incorporated invested 0.24% of its portfolio in TripAdvisor, Inc. (NASDAQ:TRIP). Rampart Investment Management Company Limited Liability Corp holds 0.02% or 4,246 shares.

Since December 18, 2017, it had 0 insider purchases, and 4 insider sales for $1.54 million activity. TEUNISSEN ERNST 02494 sold $378,280 worth of TripAdvisor, Inc. (NASDAQ:TRIP) on Tuesday, February 6. $1.12M worth of stock was sold by Halpin Dermot on Tuesday, February 20. Nishar Dipchand had sold 346 shares worth $11,937 on Monday, December 18.

The stock of Tripadvisor Inc (NASDAQ:TRIP) registered an increase of 1.68% in short interest. TRIP’s total short interest was 20.30 million shares in June as published by FINRA. Its up 1.68% from 19.97 million shares, reported previously. With 2.01M shares average volume, it will take short sellers 10 days to cover their TRIP’s short positions. The short interest to Tripadvisor Inc’s float is 18.91%.

The stock increased 2.07% or $1.18 during the last trading session, reaching $58.29. About 2.08M shares traded. TripAdvisor, Inc. (NASDAQ:TRIP) has risen 24.26% since June 13, 2017 and is uptrending. It has outperformed by 11.69% the S&P500.

TripAdvisor, Inc. operates as an online travel company. The company has market cap of $8.01 billion. The firm operates through two divisions, Hotel and Non-Hotel. It currently has negative earnings. The Company’s travel platform aggregates reviews and opinions of members about destinations, accommodations, activities and attractions, and restaurants, which enables users to research and plan their travel experiences, as well as book hotels, flights, cruises, vacation rentals, activities and attractions, and restaurant reservations.

TripAdvisor, Inc. (NASDAQ:TRIP) Ratings Coverage

Among 11 analysts covering TripAdvisor Inc (NASDAQ:TRIP), 1 have Buy rating, 1 Sell and 9 Hold. Therefore 9% are positive. TripAdvisor Inc has $4800 highest and $37.0 lowest target. $42.60’s average target is -26.92% below currents $58.29 stock price. TripAdvisor Inc had 14 analyst reports since February 5, 2018 according to SRatingsIntel. Wedbush maintained it with “Hold” rating and $4800 target in Thursday, May 10 report. Deutsche Bank maintained the stock with “Hold” rating in Tuesday, May 8 report. The company was upgraded on Wednesday, May 16 by Macquarie Research. The firm has “Hold” rating by RBC Capital Markets given on Thursday, February 15. The company was maintained on Thursday, February 15 by Stifel Nicolaus. The firm has “Hold” rating given on Friday, February 16 by Susquehanna. The company was downgraded on Friday, May 25 by Guggenheim. The company was maintained on Thursday, February 15 by SunTrust. The firm earned “Hold” rating on Monday, February 5 by SunTrust. The firm earned “Hold” rating on Friday, February 16 by Barclays Capital.

More notable recent TripAdvisor, Inc. (NASDAQ:TRIP) news were published by: Seekingalpha.com which released: “TripAdvisor Looking To Turn Its Business Around” on June 01, 2018, also Fool.com with their article: “Why TripAdvisor Stock Gained 39% in May” published on June 06, 2018, Seekingalpha.com published: “TripAdvisor’s Narrative Is Changing” on May 16, 2018. More interesting news about TripAdvisor, Inc. (NASDAQ:TRIP) were released by: Prnewswire.com and their article: “TripAdvisor Names Most Blissful Destinations For Wellness Travel” published on June 12, 2018 as well as Investorplace.com‘s news article titled: “The Top 20 Stocks of 2018” with publication date: June 12, 2018.

TripAdvisor, Inc. (NASDAQ:TRIP) Institutional Positions Chart

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