Hollencrest Capital Management Takes Position in Tripadvisor Inc (TRIP)

Hollencrest Capital Management purchased a new stake in shares of Tripadvisor Inc (NASDAQ:TRIP) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 14,000 shares of the travel company’s stock, valued at approximately $482,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Advisor Group Inc. raised its holdings in Tripadvisor by 1.4% in the second quarter. Advisor Group Inc. now owns 8,401 shares of the travel company’s stock worth $321,000 after buying an additional 118 shares during the last quarter. Norinchukin Bank The raised its holdings in Tripadvisor by 4.4% in the second quarter. Norinchukin Bank The now owns 7,663 shares of the travel company’s stock worth $293,000 after buying an additional 326 shares during the last quarter. Flinton Capital Management LLC raised its holdings in Tripadvisor by 12.9% in the second quarter. Flinton Capital Management LLC now owns 7,008 shares of the travel company’s stock worth $268,000 after buying an additional 800 shares during the last quarter. Suntrust Banks Inc. raised its holdings in Tripadvisor by 1.7% in the second quarter. Suntrust Banks Inc. now owns 49,192 shares of the travel company’s stock worth $1,879,000 after buying an additional 803 shares during the last quarter. Finally, Public Employees Retirement System of Ohio raised its holdings in Tripadvisor by 0.9% in the second quarter. Public Employees Retirement System of Ohio now owns 99,229 shares of the travel company’s stock worth $3,791,000 after buying an additional 865 shares during the last quarter. 90.32% of the stock is owned by institutional investors.

Shares of Tripadvisor Inc (NASDAQ:TRIP) traded down $1.74 during midday trading on Friday, reaching $38.31. 7,035,295 shares of the company traded hands, compared to its average volume of 3,327,619. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.47 and a quick ratio of 2.47. Tripadvisor Inc has a 12 month low of $29.50 and a 12 month high of $53.29. The company has a market capitalization of $5,320.42, a price-to-earnings ratio of 81.51, a price-to-earnings-growth ratio of 4.42 and a beta of 2.22.

In other Tripadvisor news, CFO Ernst 02494 Teunissen sold 9,457 shares of Tripadvisor stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $40.00, for a total transaction of $378,280.00. Following the transaction, the chief financial officer now owns 13,866 shares of the company’s stock, valued at $554,640. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.09% of the stock is owned by insiders.

TRIP has been the subject of a number of research analyst reports. BidaskClub upgraded shares of Tripadvisor from a “strong sell” rating to a “sell” rating in a research note on Wednesday. Deutsche Bank reduced their price target 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. Royal Bank of Canada reiterated a “hold” rating and issued a $38.00 price target on shares of Tripadvisor in a research note on Friday, November 3rd. Jefferies Group reiterated a “sell” rating and issued a $35.00 price target on shares of Tripadvisor in a research note on Tuesday, October 31st. Finally, Oppenheimer reiterated a “hold” rating on shares of Tripadvisor in a research note on Thursday, January 25th. Eight analysts have rated the stock with a sell rating and eighteen have issued a hold rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $39.42.

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Tripadvisor Company Profile

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.

Institutional Ownership by Quarter for Tripadvisor (NASDAQ:TRIP)

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