GMT Capital Corp Purchases New Stake in TripAdvisor, Inc. $TRIP

Key Points

• GMT Capital Corp acquired 570,300 shares of TripAdvisor, Inc. for approximately $8.08 million, making it the fund's 29th largest position.
• Several hedge funds, including Ameriprise Financial, have significantly increased their stakes in TripAdvisor, indicating a trend among institutional investors to enhance their holdings in the company.
• TripAdvisor reported $0.46 earnings per share for the last quarter, surpassing analyst expectations, while its revenue increased by 6.4% year-over-year.

GMT Capital Corp acquired a new stake in TripAdvisor, Inc. (NASDAQ:TRIP - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 570,300 shares of the travel company's stock, valued at approximately $8,081,000. TripAdvisor accounts for about 0.4% of GMT Capital Corp's investment portfolio, making the stock its 29th biggest position. GMT Capital Corp owned approximately 0.41% of TripAdvisor as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Ameriprise Financial Inc. raised its position in shares of TripAdvisor by 27.7% in the first quarter. Ameriprise Financial Inc. now owns 5,635,384 shares of the travel company's stock valued at $79,852,000 after purchasing an additional 1,222,958 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of TripAdvisor by 20.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,633,866 shares of the travel company's stock valued at $53,674,000 after acquiring an additional 615,519 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of TripAdvisor by 40.1% in the fourth quarter. AQR Capital Management LLC now owns 3,364,542 shares of the travel company's stock valued at $49,694,000 after acquiring an additional 962,262 shares in the last quarter. Nuveen LLC acquired a new position in shares of TripAdvisor in the first quarter valued at about $32,536,000. Finally, Nuveen Asset Management LLC grew its stake in shares of TripAdvisor by 58.8% in the fourth quarter. Nuveen Asset Management LLC now owns 1,607,302 shares of the travel company's stock valued at $23,740,000 after acquiring an additional 595,053 shares in the last quarter. 98.99% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on TRIP. Wall Street Zen downgraded shares of TripAdvisor from a "strong-buy" rating to a "buy" rating in a research note on Saturday, June 14th. Citigroup upped their price target on shares of TripAdvisor from $16.00 to $19.00 and gave the company a "neutral" rating in a research note on Monday, August 18th. UBS Group restated a "neutral" rating on shares of TripAdvisor in a research note on Sunday, August 10th. DA Davidson set a $16.25 price objective on shares of TripAdvisor in a research note on Tuesday, July 8th. Finally, B. Riley increased their price objective on shares of TripAdvisor from $17.00 to $21.00 and gave the stock a "neutral" rating in a research note on Monday, August 11th. Nine investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, TripAdvisor currently has an average rating of "Reduce" and an average target price of $17.33.

TripAdvisor Trading Up 2.8%

NASDAQ TRIP traded up $0.46 during trading hours on Wednesday, reaching $17.18. The company's stock had a trading volume of 2,058,182 shares, compared to its average volume of 3,157,815. The firm has a fifty day simple moving average of $16.93 and a 200-day simple moving average of $14.89. The stock has a market cap of $2.00 billion, a P/E ratio of 35.79, a P/E/G ratio of 2.76 and a beta of 1.27. TripAdvisor, Inc. has a 52 week low of $10.43 and a 52 week high of $19.26. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.24 and a quick ratio of 1.24.

TripAdvisor (NASDAQ:TRIP - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The travel company reported $0.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.43 by $0.03. TripAdvisor had a net margin of 3.53% and a return on equity of 12.40%. The business had revenue of $529.00 million during the quarter, compared to analyst estimates of $529.91 million. During the same quarter last year, the business earned $0.39 EPS. The firm's quarterly revenue was up 6.4% on a year-over-year basis. TripAdvisor has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Equities analysts forecast that TripAdvisor, Inc. will post 0.46 earnings per share for the current fiscal year.

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.