What’s Tripadvisor Inc (NASDAQ:TRIP) Upside After This Short Interest Increase?

October 13, 2018 - By Louis Casey

TripAdvisor, Inc. (NASDAQ:TRIP) Logo

Investors sentiment increased to 1.24 in Q2 2018. Its up 0.19, from 1.05 in 2018Q1. It is positive, as 23 investors sold TripAdvisor, Inc. shares while 109 reduced holdings. 73 funds opened positions while 91 raised stakes. 114.02 million shares or 4.32% less from 119.17 million shares in 2018Q1 were reported.
Asset Management One invested in 181,946 shares or 0.02% of the stock. Andra Ap stated it has 81,100 shares or 0.12% of all its holdings. Shell Asset Mngmt, Netherlands-based fund reported 7,340 shares. Macroview Inv Limited Liability Company accumulated 59 shares. 168,747 are held by Ameriprise Fincl. M&T Bankshares reported 20,403 shares. Invesco Ltd holds 0.02% in TripAdvisor, Inc. (NASDAQ:TRIP) or 1.09M shares. Amundi Pioneer Asset Mgmt stated it has 92,794 shares. Howe Rusling Incorporated owns 37 shares for 0% of their portfolio. Sumitomo Mitsui Asset Mgmt Ltd holds 1.35% of its portfolio in TripAdvisor, Inc. (NASDAQ:TRIP) for 1.58M shares. Schwab Charles Inv Mgmt invested in 0.03% or 685,528 shares. Blackstone Group L P owns 61,202 shares. Whittier Trust accumulated 0% or 746 shares. Retirement Of Alabama holds 0.01% or 50,274 shares. Bessemer Grp has 0% invested in TripAdvisor, Inc. (NASDAQ:TRIP).

Since May 15, 2018, it had 0 buys, and 5 sales for $1.05 million activity. Kalvert Seth J had sold 5,235 shares worth $300,803. Watson Noel Bertram sold $38,993 worth of TripAdvisor, Inc. (NASDAQ:TRIP) on Wednesday, August 15. Shares for $199,749 were sold by Nishar Dipchand.

The stock of Tripadvisor Inc (NASDAQ:TRIP) registered an increase of 2.01% in short interest. TRIP’s total short interest was 14.68M shares in October as published by FINRA. Its up 2.01% from 14.39 million shares, reported previously. With 1.09M shares average volume, it will take short sellers 14 days to cover their TRIP’s short positions. The short interest to Tripadvisor Inc’s float is 13.84%.

The stock increased 1.57% or $0.7 during the last trading session, reaching $45.35. About 2.14M shares traded or 9.13% up from the average. TripAdvisor, Inc. (NASDAQ:TRIP) has risen 14.12% since October 13, 2017 and is uptrending. It has underperformed by 1.50% the S&P500.

TripAdvisor, Inc. operates as an online travel company. The company has market cap of $6.24 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 7 analysts covering TripAdvisor (NASDAQ:TRIP), 2 have Buy rating, 1 Sell and 4 Hold. Therefore 29% are positive. TripAdvisor had 10 analyst reports since May 8, 2018 according to SRatingsIntel. On Friday, August 3 the stock rating was upgraded by Needham to “Hold”. The firm has “Sell” rating given on Friday, May 25 by Guggenheim. The firm has “Overweight” rating given on Monday, August 6 by Barclays Capital. Deutsche Bank maintained TripAdvisor, Inc. (NASDAQ:TRIP) rating on Tuesday, May 8. Deutsche Bank has “Hold” rating and $41 target. The stock of TripAdvisor, Inc. (NASDAQ:TRIP) has “Hold” rating given on Tuesday, July 31 by Deutsche Bank. Barclays Capital upgraded TripAdvisor, Inc. (NASDAQ:TRIP) on Wednesday, July 11 to “Overweight” rating. The firm has “Buy” rating given on Wednesday, May 16 by Macquarie Research. The firm earned “Hold” rating on Friday, August 3 by Stifel Nicolaus. On Thursday, May 10 the stock rating was maintained by Wedbush with “Hold”. The firm has “Sell” rating by Guggenheim given on Wednesday, May 16.

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

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