Ameriprise Financial Inc. Increases Holdings in TripAdvisor, Inc. $TRIP

Key Points

• Ameriprise Financial Inc. increased its stake in TripAdvisor by 27.7% in the first quarter, holding approximately 4.01% of the company's shares valued at around $79.85 million.
• TripAdvisor's stock has been subject to several analyst ratings, with a current consensus rating of "Reduce" and an average target price of $17.33.
• The company's latest quarterly earnings showed a 6.4% year-over-year revenue increase, reporting earnings per share of $0.46, exceeding analyst estimates.

Ameriprise Financial Inc. increased its position in TripAdvisor, Inc. (NASDAQ:TRIP - Free Report) by 27.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,635,384 shares of the travel company's stock after acquiring an additional 1,222,958 shares during the period. Ameriprise Financial Inc. owned approximately 4.01% of TripAdvisor worth $79,852,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Tsfg LLC purchased a new stake in TripAdvisor during the first quarter worth $35,000. Atlas Capital Advisors Inc. acquired a new position in shares of TripAdvisor during the 1st quarter worth $128,000. Point72 Asia Singapore Pte. Ltd. boosted its position in shares of TripAdvisor by 150,850.0% in the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 9,057 shares of the travel company's stock worth $134,000 after buying an additional 9,051 shares in the last quarter. Versor Investments LP acquired a new stake in TripAdvisor in the 1st quarter valued at about $152,000. Finally, Ethic Inc. acquired a new stake in TripAdvisor in the 4th quarter valued at about $163,000. 98.99% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TRIP has been the subject of a number of research reports. Wall Street Zen cut shares of TripAdvisor from a "strong-buy" rating to a "buy" rating in a research report on Saturday, June 14th. Bank of America initiated coverage on TripAdvisor in a research report on Monday, July 14th. They set a "neutral" rating and a $19.00 price objective for the company. B. Riley upped their target price on TripAdvisor from $17.00 to $21.00 and gave the company a "neutral" rating in a research note on Monday, August 11th. DA Davidson set a $16.25 price target on TripAdvisor in a research report on Tuesday, July 8th. Finally, JPMorgan Chase & Co. boosted their price target on TripAdvisor from $11.00 to $13.00 and gave the stock an "underweight" rating in a report on Friday, May 9th. Nine equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, TripAdvisor currently has a consensus rating of "Reduce" and an average target price of $17.33.

TripAdvisor Stock Down 3.7%

Shares of NASDAQ TRIP opened at $17.03 on Tuesday. The firm has a market cap of $1.98 billion, a P/E ratio of 35.48, a price-to-earnings-growth ratio of 2.80 and a beta of 1.30. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.24 and a current ratio of 1.24. TripAdvisor, Inc. has a 1 year low of $10.43 and a 1 year high of $19.26. The firm's 50 day moving average price is $16.45 and its 200 day moving average price is $14.90.

TripAdvisor (NASDAQ:TRIP - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The travel company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.03. TripAdvisor had a return on equity of 12.40% and a net margin of 3.53%.The company had revenue of $529.00 million during the quarter, compared to the consensus estimate of $529.91 million. During the same period in the previous year, the firm posted $0.39 EPS. TripAdvisor's 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. As a group, sell-side analysts anticipate that TripAdvisor, Inc. will post 0.46 earnings per share for the current 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.