TripAdvisor, Inc. $TRIP Shares Sold by Jacobs Levy Equity Management Inc.

Key Points

• Jacobs Levy Equity Management Inc. sold 845,333 shares of TripAdvisor, reducing its holdings by 32.9%, now owning approximately 1.23% of the company valued at $24.4 million.
• TripAdvisor's stock opened at $17.64 and has shown a 52-week range between $10.43 and $19.26, with a full market cap of $2.05 billion.
• The company reported earnings of $0.46 EPS for the last quarter, surpassing analysts' expectations and exhibiting a 6.4% revenue increase from the previous year.

Jacobs Levy Equity Management Inc. trimmed its stake in TripAdvisor, Inc. (NASDAQ:TRIP - Free Report) by 32.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,720,175 shares of the travel company's stock after selling 845,333 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 1.23% of TripAdvisor worth $24,375,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of TRIP. Ameriprise Financial Inc. grew its position in TripAdvisor by 179.5% during the 4th quarter. Ameriprise Financial Inc. now owns 4,412,426 shares of the travel company's stock worth $65,172,000 after purchasing an additional 2,833,528 shares during the last quarter. Nuveen LLC purchased a new position in TripAdvisor during the 1st quarter worth $32,536,000. Royal Bank of Canada grew its position in TripAdvisor by 82,306.8% during the 1st quarter. Royal Bank of Canada now owns 1,528,647 shares of the travel company's stock worth $21,661,000 after purchasing an additional 1,526,792 shares during the last quarter. Gotham Asset Management LLC grew its position in TripAdvisor by 170.6% during the 4th quarter. Gotham Asset Management LLC now owns 1,073,773 shares of the travel company's stock worth $15,860,000 after purchasing an additional 676,977 shares during the last quarter. Finally, Point72 Asset Management L.P. grew its position in TripAdvisor by 483.9% during the 4th quarter. Point72 Asset Management L.P. now owns 723,904 shares of the travel company's stock worth $10,692,000 after purchasing an additional 599,933 shares during the last quarter. 98.99% of the stock is owned by hedge funds and other institutional investors.

TripAdvisor Price Performance

Shares of NASDAQ TRIP traded down $0.03 during midday trading on Wednesday, hitting $17.74. The company had a trading volume of 1,264,926 shares, compared to its average volume of 3,128,005. 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, Inc. has a twelve month low of $10.43 and a twelve month high of $19.26. The business has a 50-day simple moving average of $17.38 and a two-hundred day simple moving average of $14.91. The firm has a market capitalization of $2.06 billion, a price-to-earnings ratio of 36.95, a price-to-earnings-growth ratio of 2.70 and a beta of 1.27.

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

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Wall Street Zen downgraded shares of TripAdvisor from a "strong-buy" rating to a "buy" rating in a research report on Saturday, June 14th. B. Riley lifted their target price on shares of TripAdvisor from $17.00 to $21.00 and gave the company a "neutral" rating in a report on Monday, August 11th. UBS Group reaffirmed a "neutral" rating on shares of TripAdvisor in a report on Sunday, August 10th. Citigroup lifted their target price on shares of TripAdvisor from $16.00 to $19.00 and gave the company a "neutral" rating in a report on Monday, August 18th. Finally, Bank of America assumed coverage on shares of TripAdvisor in a report on Monday, July 14th. They issued a "neutral" rating and a $19.00 target price on the stock. Eight research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Reduce" and a consensus price target of $17.36.

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.