Is Tripadvisor Inc (TRIP) Going to Burn These Hedge Funds?

Page 1 of 2

Tripadvisor logoTripadvisor Inc (NASDAQ:TRIP) was in 41 hedge funds’ portfolio at the end of March. TRIP investors should be aware of a decrease in hedge fund interest recently. There were 48 hedge funds in our database with TRIP holdings at the end of the previous quarter.

To the average investor, there are a multitude of methods market participants can use to monitor publicly traded companies. A pair of the most innovative are hedge fund and insider trading movement. At Insider Monkey, our studies have shown that, historically, those who follow the best picks of the top hedge fund managers can outperform the market by a superb margin (see just how much).

Equally as integral, positive insider trading activity is a second way to parse down the marketplace. Just as you’d expect, there are many motivations for an upper level exec to cut shares of his or her company, but only one, very clear reason why they would buy. Plenty of academic studies have demonstrated the impressive potential of this tactic if you understand what to do (learn more here).

Now, we’re going to take a look at the recent action encompassing Tripadvisor Inc (NASDAQ:TRIP).

How have hedgies been trading Tripadvisor Inc (NASDAQ:TRIP)?

Heading into Q2, a total of 41 of the hedge funds we track were bullish in this stock, a change of -15% from the first quarter. With the smart money’s sentiment swirling, there exists a few notable hedge fund managers who were increasing their holdings substantially.

Of the funds we track, Lone Pine Capital, managed by Stephen Mandel, holds the biggest position in Tripadvisor Inc (NASDAQ:TRIP). Lone Pine Capital has a $341.5 million position in the stock, comprising 1.8% of its 13F portfolio. On Lone Pine Capital’s heels is Alan Fournier of Pennant Capital Management, with a $230.3 million position; the fund has 4.5% of its 13F portfolio invested in the stock. Other peers that are bullish include Philippe Laffont’s Coatue Management, Paul Reeder and Edward Shapiro’s PAR Capital Management and Rob Citrone’s Discovery Capital Management.

Because Tripadvisor Inc (NASDAQ:TRIP) has faced bearish sentiment from the aggregate hedge fund industry, it’s safe to say that there were a few fund managers who sold off their full holdings in Q1. It’s worth mentioning that Barry Rosenstein’s JANA Partners dumped the largest position of the “upper crust” of funds we track, totaling close to $95.3 million in stock.. Patrick McCormack’s fund, Tiger Consumer Management, also said goodbye to its stock, about $64.6 million worth. These bearish behaviors are interesting, as aggregate hedge fund interest was cut by 7 funds in Q1.

Insider trading activity in Tripadvisor Inc (NASDAQ:TRIP)

Insider buying is particularly usable when the company in question has seen transactions within the past half-year. Over the latest six-month time period, Tripadvisor Inc (NASDAQ:TRIP) has experienced 1 unique insiders buying, and 1 insider sales (see the details of insider trades here).

Let’s also take a look at hedge fund and insider activity in other stocks similar to Tripadvisor Inc (NASDAQ:TRIP). These stocks are AOL, Inc. (NYSE:AOL), IAC/InterActiveCorp (NASDAQ:IACI), Groupon Inc (NASDAQ:GRPN), Akamai Technologies, Inc. (NASDAQ:AKAM), and Yandex NV (NASDAQ:YNDX). All of these stocks are in the internet information providers industry and their market caps match TRIP’s market cap.

Page 1 of 2
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The Best B-Boy Movies

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

The Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

The Most Successful Reality TV Stars

Cheapest Cities to Visit in the US

Most Expensive Summer Camps

Most Expensive Animals in the World

Most Expensive Specialty Crops in the World

Movies That Took Ages to Make

The Longest Hollywood Films Ever Made

Most Expensive Concert Stages

The Richest Bands of all Time

10 Most Corrupt Countries 2013 List

10 Countries with the Highest Quality of Life Index

Most Expensive Mattresses in the World

5 Smallest Countries by Land Area

The Ultimate Heartbreak Songs

Richest Teenagers in the World

10 Most Haunted Places in America

10 Best Places to Retire in Florida East Coast

Top 10 Places to See Before You Die

Top 8 Countries in the World Where Justice Prevails

10 Richest States in America

15 Wealthiest Countries in the World

Richest Singers in the World

Most Expensive Tasting Menu in New York City

Most Expensive Baby Items in the World

Most Expensive Hotel Suites in Vegas

Most Expensive Brunch in New York City

Most Expensive Beef Cuts in the World

25 Best Colleges to Get a Job

Top 10 US Supermarkets

The 25 Most Dangerous Cities in the World to Visit

Most Expensive Xbox Games

Top 11 Cities Where Billionaires Live

Top 10 Most Charitable Companies in America

Most Expensive Seafood in the World

The 10 Wildest Conspiracy Theories

The 10 Best Job Markets in the US

Top 10 Accounting Scandals of All Time

The 25 Biggest Cities in the World

Top 10 Best Paying Virtual Jobs

Most Expensive Leather Shoes in the World

Top 6 Things to Buy in March

The 10 Most Stressful Jobs in America – 2014 List

Top 10 Jobs for Introverted People

Top 10 Honeymoon Destinations in the World

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!