TripAdvisor Inc (NASDAQ:TRIP) Strong Price Momentum But will It Sustain?

[Investor’s Business Daily] TripAdvisor Inc (NASDAQ:TRIP)(TREND ANALYSIS) Booking.com and other Priceline properties will list on TripAdvisor’s instant-booking platform, the companies said Wednesday, making TripAdvisor a bigger player in the travel-booking space.

Expanding on an existing partnership, the new agreement allows TripAdvisor (NASDAQ:TRIP) users to book hotels from Priceline’s (NASDAQ:PCLN) inventory using TripAdvisor’s Book Now button, with Booking.com handling customer service on its listings.

TripAdvisor debuted its instant-booking platform in June 2014, giving visitors to the travel-review site a way to make bookings as well.

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TripAdvisor Inc (NASDAQ:TRIP) stock is currently trading 10.94% below its 52-week-high, 34.51% above its 52-week-low. The 1-year stock price history is in the range of $62.24 – $94. TripAdvisor Inc (TRIP) has a price to earnings ratio of 57.74 versus Technology sector average of 20.28. TRIP stock price has underperformed the Nasdaq by 13.5%. The E-Commerce & Services company is currently valued at $12.06 billion and its share price closed the last trading session at $83.72. The stock has a 50-day moving average of $67.47 and a 200-day moving average of $77.8.

TripAdvisor Inc (TRIP) current short interest stands at 13.85 million shares. It has increased by 6% from the same period of last month. Around 15% of the company’s shares, which are float, are short sold. With a 10-days average volume of 1.12 million shares, the number of days required to cover the short positions stand at 12.4 days.

The company is expected to announce next quarter earnings on November 04, at consensus estimate of $0.47. TripAdvisor Inc (TRIP) reported last quarter earnings on July 23. The E-Commerce & Services company announced earnings per share of $0.45 against a consensus Street estimate of $0.47, missing estimate by $0.02. This corresponds to a decrease of $0.01 compared to the same quarter of the previous fiscal year.

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There are currently twenty-eight analysts that cover TripAdvisor Inc stock. Of those twenty-eight, eight have a Buy rating, eighteen have a Hold rating and two have a Sell rating. On a consensus basis this yields to a Hold rating. The consensus target price stands at $84.14.

A recent analyst activity consisted of Ascendiant Capital reiterating their Buy stance on July 20. Ascendiant Capital increased their price target on TRIP from $92 to $100. This corresponds to a 19.45% upside from the last closing price. On the date of report, the stock closed at $91.99.

Barclays upgraded their Underweight rating to Equal-weight on July 6, and increased their price target on TRIP stock from $68 to $84. This corresponds to a 0.33% upside from the last closing price. On the date of report, the stock closed at $86.89.

TripAdvisor Inc (TRIP) has a debt to equity ratio of 30% compared to Technology sector average of 88.6%. The company has a current ratio of 1.94. This ratio should be higher than one (ideally two) and is an indicator to show if the company is able to finance its short term obligations. Indeed it should have higher short term assets to dispose in order to cover for its short term liabilities.

Company profile

TripAdvisor Inc. is an online travel research company. The Company’s travel research platform aggregates reviews and opinions of members about destinations, accommodations (including hotels, bed and breakfasts (“B&Bs”), specialty lodging and vacation rentals), restaurants and activities throughout the world.

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