245,912 Shares in Tripadvisor, Inc. (NASDAQ:TRIP) Bought by Gilman Hill Asset Management LLC

Gilman Hill Asset Management LLC purchased a new stake in shares of Tripadvisor, Inc. (NASDAQ:TRIP) during the 4th quarter, Holdings Channel.com reports. The fund purchased 245,912 shares of the travel company’s stock, valued at approximately $3,632,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. KBC Group NV boosted its position in Tripadvisor by 65.3% in the 3rd quarter. KBC Group NV now owns 4,499 shares of the travel company’s stock valued at $65,000 after buying an additional 1,777 shares during the period. True Wealth Design LLC bought a new stake in Tripadvisor during the 3rd quarter valued at $27,000. Capital Performance Advisors LLP purchased a new stake in shares of Tripadvisor in the 3rd quarter worth $28,000. GAMMA Investing LLC grew its position in shares of Tripadvisor by 204.7% during the 4th quarter. GAMMA Investing LLC now owns 3,675 shares of the travel company’s stock worth $54,000 after buying an additional 2,469 shares in the last quarter. Finally, Future Financial Wealth Managment LLC purchased a new position in Tripadvisor during the third quarter valued at approximately $43,000. 98.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TRIP has been the subject of several analyst reports. Wedbush reissued a “neutral” rating and set a $17.00 price target on shares of Tripadvisor in a research report on Thursday, December 19th. UBS Group cut their price objective on shares of Tripadvisor from $18.00 to $17.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. Cantor Fitzgerald lowered their price objective on shares of Tripadvisor from $12.00 to $11.00 and set an “underweight” rating for the company in a research note on Thursday, November 7th. StockNews.com cut Tripadvisor from a “buy” rating to a “hold” rating in a research report on Thursday, January 9th. Finally, TD Cowen increased their price objective on Tripadvisor from $15.00 to $20.00 and gave the company a “hold” rating in a report on Thursday, November 7th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $17.50.

Tripadvisor Price Performance

NASDAQ:TRIP opened at $16.03 on Monday. The company has a 50 day moving average price of $14.33 and a 200-day moving average price of $15.01. Tripadvisor, Inc. has a 1-year low of $12.93 and a 1-year high of $28.76. The firm has a market cap of $2.23 billion, a price-to-earnings ratio of 69.70, a price-to-earnings-growth ratio of 7.65 and a beta of 1.33. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.85 and a quick ratio of 1.85.

Tripadvisor (NASDAQ:TRIP) last issued its quarterly earnings data on Wednesday, November 6th. The travel company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.44 by $0.06. The company had revenue of $532.00 million for the quarter, compared to analyst estimates of $527.86 million. Tripadvisor had a return on equity of 10.37% and a net margin of 1.98%. Tripadvisor’s quarterly revenue was down .2% compared to the same quarter last year. During the same period last year, the company earned $0.35 earnings per share. Equities research analysts forecast that Tripadvisor, Inc. will post 0.36 EPS for the current year.

Tripadvisor Profile

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.