Hillsdale Investment Management Inc. Buys 78,800 Shares of TripAdvisor, Inc. $TRIP

Hillsdale Investment Management Inc. increased its stake in shares of TripAdvisor, Inc. (NASDAQ:TRIP) by 20.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 465,900 shares of the travel company’s stock after acquiring an additional 78,800 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in TripAdvisor were worth $6,784,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Northwestern Mutual Wealth Management Co. grew its stake in shares of TripAdvisor by 13.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 9,812 shares of the travel company’s stock valued at $143,000 after purchasing an additional 1,126 shares during the last quarter. Jupiter Asset Management Ltd. grew its stake in shares of TripAdvisor by 95.6% during the fourth quarter. Jupiter Asset Management Ltd. now owns 465,619 shares of the travel company’s stock valued at $6,779,000 after purchasing an additional 227,535 shares during the last quarter. Intech Investment Management LLC grew its stake in shares of TripAdvisor by 9.3% during the fourth quarter. Intech Investment Management LLC now owns 363,731 shares of the travel company’s stock valued at $5,296,000 after purchasing an additional 31,089 shares during the last quarter. Leonteq Securities AG bought a new stake in shares of TripAdvisor during the fourth quarter valued at approximately $1,391,000. Finally, Bastion Asset Management Inc. bought a new stake in shares of TripAdvisor during the fourth quarter valued at approximately $2,518,000. 98.99% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on TRIP shares. Bank of America raised shares of TripAdvisor from a “neutral” rating to a “buy” rating and increased their price target for the company from $14.00 to $15.00 in a research note on Friday, March 27th. Zacks Research cut shares of TripAdvisor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 18th. Weiss Ratings reissued a “sell (d)” rating on shares of TripAdvisor in a research note on Friday, May 15th. Wall Street Zen cut shares of TripAdvisor from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. Finally, Barclays decreased their price target on shares of TripAdvisor from $10.00 to $9.00 and set an “underweight” rating on the stock in a research note on Monday, May 11th. Four investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $14.26.

TripAdvisor Trading Up 2.6%

Shares of NASDAQ TRIP opened at $11.18 on Friday. The company’s 50 day simple moving average is $10.52 and its 200 day simple moving average is $12.21. TripAdvisor, Inc. has a fifty-two week low of $9.01 and a fifty-two week high of $20.16. The firm has a market capitalization of $1.30 billion, a P/E ratio of 111.81, a P/E/G ratio of 2.09 and a beta of 0.91. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.25 and a quick ratio of 1.25.

TripAdvisor (NASDAQ:TRIP) last announced its quarterly earnings data on Thursday, May 7th. The travel company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.08). TripAdvisor had a net margin of 0.99% and a return on equity of 5.73%. The business had revenue of $382.40 million during the quarter, compared to analyst estimates of $384.69 million. During the same quarter in the prior year, the company earned $0.14 earnings per share. The company’s quarterly revenue was down 4.0% on a year-over-year basis. On average, analysts predict that TripAdvisor, Inc. will post 0.73 EPS for the current year.

TripAdvisor Profile

TripAdvisor (NASDAQ:TRIP) is a leading online travel company that operates a digital platform for travel information, reviews and booking services. The company’s flagship website and mobile apps allow users to access and contribute travel-related content—ranging from hotel and restaurant reviews to ratings for tours, attractions and vacation rentals—helping consumers plan and book trips around the world.

The core of TripAdvisor’s offering is its community-driven review system, which aggregates user-generated feedback alongside editorial content and professional photography.