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

Gilman Hill Asset Management LLC boosted its holdings in shares of Tripadvisor, Inc. (NASDAQ:TRIP - Free Report) by 26.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 311,910 shares of the travel company's stock after acquiring an additional 65,998 shares during the quarter. Gilman Hill Asset Management LLC owned 0.22% of Tripadvisor worth $4,420,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Bogart Wealth LLC acquired a new position in shares of Tripadvisor during the fourth quarter worth $30,000. Blue Trust Inc. raised its position 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 purchasing an additional 1,543 shares during the last quarter. Aster Capital Management DIFC Ltd lifted its holdings in Tripadvisor by 83.8% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 3,414 shares of the travel company's stock worth $50,000 after buying an additional 1,557 shares during the period. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in Tripadvisor during the 4th quarter worth about $58,000. Finally, SRS Capital Advisors Inc. bought a new stake in shares of Tripadvisor in the 4th quarter valued at about $71,000. 98.99% of the stock is currently owned by institutional investors and hedge funds.

Tripadvisor Stock Performance

Shares of NASDAQ TRIP traded down $0.02 during midday trading on Friday, reaching $14.12. The company's stock had a trading volume of 1,758,018 shares, compared to its average volume of 2,402,707. The stock has a market capitalization of $2.00 billion, a P/E ratio of 706.35, a PEG ratio of 9.01 and a beta of 1.32. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.10 and a quick ratio of 1.85. The firm has a 50 day moving average price of $13.25 and a 200-day moving average price of $14.49. Tripadvisor, Inc. has a 12-month low of $10.43 and a 12-month high of $18.80.

Tripadvisor (NASDAQ:TRIP - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The travel company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.09. Tripadvisor had a return on equity of 9.02% and a net margin of 0.33%. The business had revenue of $398.00 million for the quarter, compared to analysts' expectations of $386.94 million. During the same quarter in the previous year, the firm earned $0.12 earnings per share. The business's revenue was up .8% on a year-over-year basis. As a group, equities analysts predict that Tripadvisor, Inc. will post 0.46 earnings per share for the current year.

Wall Street Analyst Weigh In

TRIP has been the subject of a number of analyst reports. DA Davidson raised 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. Wall Street Zen upgraded shares of Tripadvisor from a "buy" rating to a "strong-buy" rating in a research report on Saturday, May 24th. JPMorgan Chase & Co. lifted their price objective on Tripadvisor from $11.00 to $13.00 and gave the stock an "underweight" rating in a research report on Friday, May 9th. B. Riley decreased their target price on shares of Tripadvisor from $20.00 to $18.00 and set a "neutral" rating for the company in a research report on Monday, March 10th. Finally, Citigroup started coverage on shares of Tripadvisor in a research report on Wednesday, May 28th. They issued a "neutral" rating and a $16.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Tripadvisor has an average rating of "Hold" and an average target price of $17.27.

Insider Activity at Tripadvisor

In other Tripadvisor news, CEO Almir Ambeskovic sold 16,643 shares of the business's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $15.33, for a total value of $255,137.19. Following the transaction, the chief executive officer now directly owns 15,931 shares in the company, valued at $244,222.23. The trade was a 51.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.10% of the stock is owned by company insiders.

About Tripadvisor

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.