Smart Money Likes Where Tripadvisor Inc (TRIP) Is Headed

Consequently, some big names have jumped into Tripadvisor Inc (NASDAQ:TRIP) headfirst. Thunderbird Partners established the biggest position in Tripadvisor Inc (NASDAQ:TRIP). Thunderbird Partners had $85.7 million invested in the company at the end of the quarter. Immersion Capital also made a $62.7 million investment in the stock during the quarter. The following funds were also among the new TRIP investors: Brian Ashford-Russell and Tim Woolley’s Polar Capital, Daniel S. Och’s OZ Management, and John Overdeck and David Siegel’s Two Sigma Advisors.

Let’s now review hedge fund activity in other stocks similar to Tripadvisor Inc (NASDAQ:TRIP). These stocks are Ingredion Inc (NYSE:INGR), KeyCorp (NYSE:KEY), Interpublic Group of Companies Inc (NYSE:IPG), and Lincoln National Corporation (NYSE:LNC). This group of stocks’ market caps match TRIP’s market cap.

As you can see these stocks had an average of 30 hedge funds with bullish positions and the average amount invested in these stocks was $768 million. That figure was $853 million in TRIP’s case. KeyCorp (NYSE:KEY) is the most popular stock in this table. On the other hand Ingredion Inc (NYSE:INGR) is the least popular one with only 23 bullish hedge fund positions. Tripadvisor Inc (NASDAQ:TRIP) is not the most popular stock in this group but hedge fund interest is still above average and it has more money invested in it than any of the other stocks except IPG. This is a positive signal when coupled with the growing enthusiasm for the stock, so we recommend investors considering adding TRIP to their portfolios.

Disclosure: None