Hillsdale Investment Management Inc. Has $6.78 Million Position in TripAdvisor, Inc. $TRIP

Hillsdale Investment Management Inc. boosted its holdings in TripAdvisor, Inc. (NASDAQ:TRIP) by 20.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. 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. owned 0.40% of TripAdvisor worth $6,784,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in TRIP. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in TripAdvisor by 29.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 81,998 shares of the travel company’s stock valued at $1,162,000 after acquiring an additional 18,699 shares during the period. Jones Financial Companies Lllp increased its stake in TripAdvisor by 1,183.2% in the first quarter. Jones Financial Companies Lllp now owns 6,416 shares of the travel company’s stock valued at $85,000 after acquiring an additional 5,916 shares during the period. Empowered Funds LLC increased its stake in TripAdvisor by 14.2% in the first quarter. Empowered Funds LLC now owns 13,475 shares of the travel company’s stock valued at $191,000 after acquiring an additional 1,676 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in TripAdvisor by 8.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 297,532 shares of the travel company’s stock valued at $4,216,000 after acquiring an additional 22,136 shares during the period. Finally, Creative Planning bought a new stake in TripAdvisor in the second quarter valued at about $349,000. Institutional investors own 98.99% of the company’s stock.

TripAdvisor Price Performance

Shares of TripAdvisor stock opened at $11.18 on Friday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.36. The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of 111.81, a P/E/G ratio of 2.09 and a beta of 0.91. TripAdvisor, Inc. has a 1-year low of $9.01 and a 1-year high of $20.16. The firm’s 50-day moving average price is $10.52 and its two-hundred day moving average price is $12.21.

TripAdvisor (NASDAQ:TRIP) last issued 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). The firm had revenue of $382.40 million for the quarter, compared to the consensus estimate of $384.69 million. TripAdvisor had a return on equity of 5.73% and a net margin of 0.99%.TripAdvisor’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.14 earnings per share. On average, equities analysts predict that TripAdvisor, Inc. will post 0.73 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

TRIP has been the topic of a number of analyst reports. B. Riley Financial lowered their target price on shares of TripAdvisor from $18.00 to $13.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 18th. BTIG Research reissued a “buy” rating and issued a $15.00 target price on shares of TripAdvisor in a research note on Friday. Zacks Research cut shares of TripAdvisor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 18th. Wall Street Zen cut shares of TripAdvisor from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. Finally, Bank of America raised shares of TripAdvisor from a “neutral” rating to a “buy” rating and upped their target price for the company from $14.00 to $15.00 in a research note on Friday, March 27th. Four analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $14.26.

About TripAdvisor

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.