Gilman Hill Asset Management LLC Acquires 65,998 Shares of Tripadvisor, Inc. (NASDAQ:TRIP)

Gilman Hill Asset Management LLC lifted its holdings in shares of Tripadvisor, Inc. (NASDAQ:TRIP) by 26.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 311,910 shares of the travel company’s stock after purchasing an additional 65,998 shares during the quarter. Gilman Hill Asset Management LLC owned 0.22% of Tripadvisor worth $4,420,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Bogart Wealth LLC bought a new position in shares of Tripadvisor during the fourth quarter worth approximately $30,000. Blue Trust Inc. increased its stake in Tripadvisor by 204.4% during the 4th quarter. Blue Trust Inc. now owns 2,298 shares of the travel company’s stock worth $33,000 after acquiring an additional 1,543 shares during the period. Aster Capital Management DIFC Ltd raised its stake in Tripadvisor by 83.8% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 3,414 shares of the travel company’s stock valued at $50,000 after purchasing an additional 1,557 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund bought a new stake in Tripadvisor during the fourth quarter worth about $58,000. Finally, SRS Capital Advisors Inc. bought a new stake in Tripadvisor during the fourth quarter worth about $71,000. 98.99% of the stock is owned by institutional investors.

Insider Transactions at Tripadvisor

In other Tripadvisor news, CEO Almir Ambeskovic sold 16,643 shares of the firm’s stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $15.33, for a total transaction of $255,137.19. Following the completion of the transaction, the chief executive officer now owns 15,931 shares in the company, valued at approximately $244,222.23. This trade represents a 51.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on TRIP shares. Mizuho raised shares of Tripadvisor to a “hold” rating in a report on Friday, April 18th. JPMorgan Chase & Co. upped their target price on Tripadvisor from $11.00 to $13.00 and gave the stock an “underweight” rating in a research note on Friday, May 9th. Wall Street Zen upgraded Tripadvisor from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 24th. DA Davidson upped their price objective on Tripadvisor from $16.00 to $16.25 and gave the stock a “neutral” rating in a research report on Thursday, May 29th. Finally, Cantor Fitzgerald dropped their price objective on Tripadvisor from $14.00 to $13.00 and set an “underweight” rating for the company in a research report on Friday, February 21st. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $17.27.

Tripadvisor Stock Up 2.8%

Shares of NASDAQ TRIP opened at $14.44 on Thursday. The company has a 50 day simple moving average of $13.25 and a 200 day simple moving average of $14.49. The firm has a market cap of $2.05 billion, a PE ratio of 722.36, a price-to-earnings-growth ratio of 9.01 and a beta of 1.27. Tripadvisor, Inc. has a 1 year low of $10.43 and a 1 year high of $18.80. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.10 and a quick ratio of 1.85.

Tripadvisor (NASDAQ:TRIP) last released its quarterly earnings results on Wednesday, May 7th. The travel company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.09. The firm had revenue of $398.00 million during the quarter, compared to the consensus estimate of $386.94 million. Tripadvisor had a net margin of 0.33% and a return on equity of 9.02%. The company’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter last year, the firm earned $0.12 earnings per share. On average, research analysts forecast that Tripadvisor, Inc. will post 0.46 EPS for the current year.

Tripadvisor Company 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.