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TripAdvisor (TRIP) Has Fallen 48% in Last One Year, Underperforms Market

If you are looking for the best ideas for your portfolio you may want to consider some of Blue Hawk Investment Group’s top stock picks. Blue Hawk Investment Group, an investment management firm, is bearish on Tripadvisor Inc. (NASDAQ:TRIP) stock. In its Q2 2019 investor letter – you can download a copy here – the firm discussed its investment thesis on Tripadvisor Inc. (NASDAQ:TRIP) stock. Tripadvisor Inc. (NASDAQ:TRIP) is an online travel company.

On July 22 2019, Blue Hawk Investment Group had released its Q2 2019 investor letter. The investment firm said that Tripadvisor Inc. (NASDAQ:TRIP) was one of the detractors to its performance in Q2 2019. The fund exited from Tripadvisor Inc. (NASDAQ:TRIP) stock in the second quarter. Tripadvisor Inc. (NASDAQ:TRIP) stock has posted a return of -47.6% in the trailing one year period, underperforming fund’s benchmark the S&P 500 Index which returned 11.1% in the same period. This suggests that the investment firm was right in its decision. On a year-to-date basis, Tripadvisor Inc. (NASDAQ:TRIP) stock has fallen by 29.6%.

Blue Hawk Investment Group fund posted a return of 3.34% in the second quarter of 2019, underperforming fund’s benchmark the S&P 500 Index which returned 3.78% in the same period. Let’s take a look at comments made by Blue Hawk Investment Group about Tripadvisor Inc. (NASDAQ:TRIP) stock in the Q2 2019 investor letter.

“TripAdvisor (TRIP) – Although only a modest detractor, we wanted to highlight TRIP as we decided to exit the position during the quarter. A part of us still holds that TRIP is a high-quality asset and may end up being a solid investment, and we always maintain the right to change our mind. We exited because we grew tired of the negative surprises that seemingly popped up every quarter. It’s frustrating as an investor when the path to success for a company seems clear, but when confidence in the ability to execute is lost, it’s time to move on.”

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In Q1 2020, the number of bullish hedge fund positions on Tripadvisor Inc. (NASDAQ:TRIP) stock decreased by about 23% from the previous quarter (see the chart here), so a number of other hedge fund managers seem to agree with Tripadvisor’s downside potential. Our calculations showed that Tripadvisor Inc. (NASDAQ:TRIP) isn’t ranked among the 30 most popular stocks among hedge funds.

The top 10 stocks among hedge funds returned 185% since the end of 2014 and outperformed the S&P 500 Index ETFs by more than 109 percentage points. We know it sounds unbelievable. You have been dismissing our articles about top hedge fund stocks mostly because you were fed biased information by other media outlets about hedge funds’ poor performance. You could have doubled the size of your nest egg by investing in the top hedge fund stocks instead of dumb S&P 500 ETFs. Below you can watch our video about the top 5 hedge fund stocks right now. All of these stocks had positive returns in 2020.

Video: Top 5 Stocks Among Hedge Funds

At Insider Monkey we leave no stone unturned when looking for the next great investment idea. For example, this “mom” trader turned $2000 into $2 million within 2 years. So, we are checking out her best trade idea of the month. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. We go through lists like the 10 most profitable companies in the world to pick the best large-cap stocks to buy. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. You can subscribe to our free enewsletter below to receive our stories in your inbox:

Disclosure: None. This article is originally published at Insider Monkey.