Royal Bank of Canada Increases Stake in TripAdvisor, Inc. $TRIP

Royal Bank of Canada increased its position in TripAdvisor, Inc. (NASDAQ:TRIP - Free Report) by 82,306.8% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 1,528,647 shares of the travel company's stock after acquiring an additional 1,526,792 shares during the quarter. Royal Bank of Canada owned about 1.09% of TripAdvisor worth $21,661,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. increased its holdings in TripAdvisor by 27.7% in the 1st quarter. Ameriprise Financial Inc. now owns 5,635,384 shares of the travel company's stock worth $79,852,000 after acquiring an additional 1,222,958 shares during the last quarter. Nuveen LLC purchased a new stake in TripAdvisor in the 1st quarter worth about $32,536,000. Nuveen Asset Management LLC raised its stake in shares of TripAdvisor by 58.8% during the 4th quarter. Nuveen Asset Management LLC now owns 1,607,302 shares of the travel company's stock valued at $23,740,000 after purchasing an additional 595,053 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of TripAdvisor by 8.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,302,247 shares of the travel company's stock valued at $18,453,000 after purchasing an additional 97,885 shares during the period. Finally, Lightrock Netherlands B.V. raised its stake in shares of TripAdvisor by 54.4% during the 1st quarter. Lightrock Netherlands B.V. now owns 791,287 shares of the travel company's stock valued at $11,231,000 after purchasing an additional 278,821 shares during the period. Hedge funds and other institutional investors own 98.99% of the company's stock.

TripAdvisor Stock Performance

Shares of TRIP opened at $17.38 on Tuesday. The company has a market cap of $2.02 billion, a PE ratio of 36.21, a price-to-earnings-growth ratio of 2.79 and a beta of 1.27. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.37. The stock has a 50-day moving average price of $17.30 and a 200-day moving average price of $14.89. TripAdvisor, Inc. has a 12-month low of $10.43 and a 12-month high of $19.26.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.43 by $0.03. TripAdvisor had a return on equity of 12.40% and a net margin of 3.53%.The firm had revenue of $529.00 million during the quarter, compared to the consensus estimate of $529.91 million. During the same quarter last year, the company posted $0.39 EPS. The company's revenue for the quarter 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, equities analysts forecast that TripAdvisor, Inc. will post 0.46 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on TRIP. Citigroup boosted their price objective on TripAdvisor from $16.00 to $19.00 and gave the company a "neutral" rating in a research note on Monday, August 18th. Wall Street Zen lowered TripAdvisor from a "strong-buy" rating to a "buy" rating in a research note on Saturday, June 14th. DA Davidson set a $16.25 price objective on TripAdvisor in a research note on Tuesday, July 8th. Bank of America began coverage on TripAdvisor in a research note on Monday, July 14th. They set a "neutral" rating and a $19.00 price objective on the stock. Finally, B. Riley boosted their price objective on TripAdvisor from $17.00 to $21.00 and gave the company a "neutral" rating in a research note on Monday, August 11th. Eight research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Reduce" and an average target price of $17.36.

TripAdvisor Company 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.

Want to see what other hedge funds are holding TRIP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TripAdvisor, Inc. (NASDAQ:TRIP - Free Report).

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.