Tripadvisor Target of Unusually High Options Trading (NASDAQ:TRIP)

Tripadvisor, Inc. (NASDAQ:TRIP) was the recipient of unusually large options trading activity on Wednesday. Traders purchased 47,369 call options on the stock. This is an increase of 851% compared to the typical daily volume of 4,982 call options.

Tripadvisor Stock Performance

NASDAQ TRIP opened at $18.16 on Thursday. Tripadvisor has a 1 year low of $14.15 and a 1 year high of $28.76. The firm has a market capitalization of $2.50 billion, a price-to-earnings ratio of 302.67, a P/E/G ratio of 1.62 and a beta of 1.56. The company has a current ratio of 2.27, a quick ratio of 2.27 and a debt-to-equity ratio of 1.02. The firm’s 50 day simple moving average is $26.64 and its 200 day simple moving average is $22.48.

Tripadvisor (NASDAQ:TRIP) last posted its quarterly earnings results on Wednesday, February 14th. The travel company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.14. The company had revenue of $390.00 million for the quarter, compared to the consensus estimate of $372.93 million. Tripadvisor had a net margin of 0.56% and a return on equity of 11.69%. As a group, research analysts expect that Tripadvisor will post 0.88 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TRIP. Wedbush reaffirmed a “neutral” rating and issued a $30.00 target price on shares of Tripadvisor in a report on Thursday, April 18th. Mizuho boosted their target price on Tripadvisor from $20.00 to $23.00 and gave the stock a “neutral” rating in a report on Friday, February 16th. Citigroup increased their price target on Tripadvisor from $23.00 to $28.00 and gave the company a “neutral” rating in a research note on Wednesday, April 17th. B. Riley reaffirmed a “buy” rating and set a $34.00 price objective (up from $27.00) on shares of Tripadvisor in a research report on Friday, February 16th. Finally, Truist Financial increased their price objective on shares of Tripadvisor from $18.00 to $28.00 and gave the company a “hold” rating in a research report on Thursday, March 14th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $24.12.

Hedge Funds Weigh In On Tripadvisor

Large investors have recently bought and sold shares of the company. Raymond James & Associates lifted its holdings in Tripadvisor by 1.7% during the 3rd quarter. Raymond James & Associates now owns 264,162 shares of the travel company’s stock worth $4,380,000 after buying an additional 4,375 shares during the period. Raymond James Financial Services Advisors Inc. lifted its position in shares of 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 purchasing an additional 10,181 shares during the period. New York State Teachers Retirement System increased its position in shares of Tripadvisor by 6.7% during the third quarter. New York State Teachers Retirement System now owns 129,162 shares of the travel company’s stock worth $2,142,000 after buying an additional 8,125 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in 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 valued at $2,300,000 after buying an additional 50,703 shares during the period. Finally, Oregon Public Employees Retirement Fund boosted its position in 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 acquiring an additional 1,258 shares during the last quarter. 98.99% of the stock is currently owned by institutional investors.

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.