Liberty Tripadvisor Holdings Inc Rated Strong Buy; Stock Soars

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The shares of Liberty Tripadvisor Holdings are surging after receiving a Strong Buy rating from two investment research firms covering the stock. The firms have a 12-month consensus price target of $35 per share.

The stock price of Liberty Tripadvisor Holdings rose more than 26% to $30.71 per share at the time of this writing around 2:49 in the afternoon, Eastern Standard Time (EST).

Zacks Equity Research estimated that Liberty Tripadvisor Holdings will report losses of $0.96 per share for the current quarter. The research firm said the company has an industry ranking of 108 out of 265 based on the ratings given to its competitors.

Liberty Tripadvisor six months stock performance

Liberty Tripadvisor Holdings is a wholly-owned subsidiary of Libery Interactive Corporation. It was created when Liberty Interactive spin-off its controlling interest in TripAdvisor and BuySeasons business on August 27, 2014.

Liberty Interactive acquired a controlling interest in TripAdvisor when Barry Diller, then chairman of the travel website company and the Diller-von Furstenberg Family Foundation sold 4.8 million shares to John Malone for $300 million.

At the time, Liberty Interactive called TripAdvisor as a leader in the travel industry. The company believed that the investment would boost its portfolio.

Liberty Tripadvisor Holdings started trading its stocks at NASDAQ Global Seclect Market on August 28, last year. Since then, the shares of the company traded from $23.46 per share to as much as $38.39 per share. The company lost 19% of its stock value based on its highest trading price over the past six months.

Liberty Tripadvisor short interest

The short interest on the shares of Libery Tripadvisor Holdings declined 13.8% to 821,999 shares on January 30, according to Bar & Graph Report. The short interest on the company’s stock was 953,092 shares on January 15.  The short interest accounts for 1.2% of the floated stocks of the company.

Liberty Tripadvisor Holdings has $1.4 billion in market capitalization. Greg Maffei is the president and CEO of the company.

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