Alliancebernstein L.P. Sells 249,176 Shares of TripAdvisor, Inc. $TRIP

Key Points

• Alliancebernstein L.P. has reduced its stake in TripAdvisor, Inc. by 13.7%, selling 249,176 shares, leaving it with approximately 1.11% of the company valued at $22.17 million.
• Several institutional investors have adjusted their positions, with notable increases from Smartleaf Asset Management (86.9% boost) and Kayne Anderson Rudnick (419.8% boost) during the first quarter.
• Analysts' ratings for TripAdvisor have fluctuated, with a current consensus rating of "Reduce" and an average target price of $17.36, below the recent market opening price of $17.76.

Alliancebernstein L.P. trimmed its stake in shares of TripAdvisor, Inc. (NASDAQ:TRIP - Free Report) by 13.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,564,273 shares of the travel company's stock after selling 249,176 shares during the quarter. Alliancebernstein L.P. owned about 1.11% of TripAdvisor worth $22,166,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Tsfg LLC bought a new position in TripAdvisor during the first quarter worth $35,000. Smartleaf Asset Management LLC boosted its position in shares of TripAdvisor by 86.9% in the first quarter. Smartleaf Asset Management LLC now owns 3,055 shares of the travel company's stock valued at $43,000 after acquiring an additional 1,420 shares during the period. Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of TripAdvisor by 419.8% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,893 shares of the travel company's stock valued at $55,000 after acquiring an additional 3,144 shares during the period. Quarry LP boosted its position in shares of TripAdvisor by 571.0% in the first quarter. Quarry LP now owns 5,697 shares of the travel company's stock valued at $81,000 after acquiring an additional 4,848 shares during the period. Finally, Atlas Capital Advisors Inc. bought a new stake in shares of TripAdvisor in the first quarter valued at about $128,000. 98.99% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on TRIP. DA Davidson set a $16.25 target price on shares of TripAdvisor in a research report on Tuesday, July 8th. Wall Street Zen cut shares of TripAdvisor from a "strong-buy" rating to a "buy" rating in a research report on Saturday, June 14th. Citigroup boosted their target price on shares of TripAdvisor from $16.00 to $19.00 and gave the company a "neutral" rating in a research report on Monday, August 18th. UBS Group reissued a "neutral" rating on shares of TripAdvisor in a research report on Sunday, August 10th. Finally, Bank of America assumed coverage on shares of TripAdvisor in a research report on Monday, July 14th. They issued a "neutral" rating and a $19.00 target price for the company. Eight analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, TripAdvisor presently has a consensus rating of "Reduce" and an average target price of $17.36.

TripAdvisor Price Performance

TRIP stock opened at $17.76 on Thursday. The company has a market cap of $2.06 billion, a PE ratio of 37.00, a price-to-earnings-growth ratio of 2.76 and a beta of 1.27. The business has a 50-day simple moving average of $17.44 and a 200 day simple moving average of $14.93. TripAdvisor, Inc. has a 52 week low of $10.43 and a 52 week high of $19.26. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.37.

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

TripAdvisor Profile

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.

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