Hollencrest Capital Management Buys New Position in Tripadvisor Inc (TRIP)
Hollencrest Capital Management bought a new stake in shares of Tripadvisor Inc (NASDAQ:TRIP) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 14,000 shares of the travel company’s stock, valued at approximately $482,000.
A number of other hedge funds have also added to or reduced their stakes in the business. State of Alaska Department of Revenue increased its stake in Tripadvisor by 95.1% during the fourth quarter. State of Alaska Department of Revenue now owns 26,040 shares of the travel company’s stock valued at $896,000 after purchasing an additional 12,690 shares during the last quarter. Fox Run Management L.L.C. bought a new stake in Tripadvisor during the fourth quarter valued at $471,000. ANTIPODES PARTNERS Ltd bought a new stake in Tripadvisor during the fourth quarter valued at $61,301,000. Marathon Asset Management LLP increased its stake in Tripadvisor by 1.6% during the fourth quarter. Marathon Asset Management LLP now owns 343,919 shares of the travel company’s stock valued at $11,851,000 after purchasing an additional 5,374 shares during the last quarter. Finally, CWM LLC increased its stake in Tripadvisor by 28.8% during the fourth quarter. CWM LLC now owns 155,333 shares of the travel company’s stock valued at $5,353,000 after purchasing an additional 34,745 shares during the last quarter. Hedge funds and other institutional investors own 88.74% of the company’s stock.
Shares of Tripadvisor Inc (NASDAQ:TRIP) opened at $35.45 on Friday. The firm has a market cap of $4,950.00, a PE ratio of 75.43, a P/E/G ratio of 4.24 and a beta of 2.33. Tripadvisor Inc has a 1-year low of $29.50 and a 1-year high of $53.47. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.47 and a quick ratio of 2.47.
Several analysts have weighed in on TRIP shares. Zacks Investment Research lowered shares of Tripadvisor from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Deutsche Bank lowered their target price on shares of Tripadvisor from $40.00 to $37.00 and set a “hold” rating for the company in a research note on Tuesday, October 24th. Jefferies Group reissued a “sell” rating and set a $27.00 price target on shares of Tripadvisor in a report on Friday, November 10th. SunTrust Banks reissued a “hold” rating and set a $44.00 price target on shares of Tripadvisor in a report on Thursday, October 12th. Finally, Royal Bank of Canada reduced their price target on shares of Tripadvisor from $38.00 to $34.00 and set a “sector perform” rating for the company in a report on Monday, November 13th. Eight investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and one has issued a buy rating to the stock. Tripadvisor presently has an average rating of “Hold” and a consensus target price of $39.42.
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TripAdvisor, Inc owns and operates a portfolio of online travel brands. TripAdvisor, the Company’s brand, is a travel site. The Company operates through two segments: Hotel and Non-Hotel. The Company’s Hotel segment includes click-based advertising and transaction; display-based and subscription-based advertising, and other hotel operations.
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