Russell Investments Group Ltd. Cuts Position in TripAdvisor, Inc. $TRIP

Key Points

• Russell Investments Group Ltd. reduced its stake in TripAdvisor by 64.6%, selling 267,163 shares to end up with 146,174 shares valued at approximately $2.07 million.
• TripAdvisor's consensus rating has been downgraded to "Reduce" by analysts, with a current average price target of $17.33.
• The company reported a 6.4% increase in revenue year-over-year and a quarterly earnings per share (EPS) of $0.46, beating estimates by $0.03.

Russell Investments Group Ltd. decreased its holdings in shares of TripAdvisor, Inc. (NASDAQ:TRIP - Free Report) by 64.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 146,174 shares of the travel company's stock after selling 267,163 shares during the period. Russell Investments Group Ltd. owned about 0.10% of TripAdvisor worth $2,071,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in TRIP. Ameriprise Financial Inc. lifted its position in shares of TripAdvisor by 179.5% during the 4th quarter. Ameriprise Financial Inc. now owns 4,412,426 shares of the travel company's stock valued at $65,172,000 after buying an additional 2,833,528 shares in the last quarter. Nuveen LLC purchased a new position in shares of TripAdvisor during the 1st quarter valued at approximately $32,536,000. AQR Capital Management LLC lifted its position in shares of TripAdvisor by 40.1% during the 4th quarter. AQR Capital Management LLC now owns 3,364,542 shares of the travel company's stock valued at $49,694,000 after buying an additional 962,262 shares in the last quarter. Gotham Asset Management LLC lifted its position in shares of TripAdvisor by 170.6% during the 4th quarter. Gotham Asset Management LLC now owns 1,073,773 shares of the travel company's stock valued at $15,860,000 after buying an additional 676,977 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of TripAdvisor by 20.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,633,866 shares of the travel company's stock worth $53,674,000 after purchasing an additional 615,519 shares in the last quarter. Hedge funds and other institutional investors own 98.99% of the company's stock.

Wall Street Analysts Forecast Growth

TRIP has been the subject of several research reports. DA Davidson set a $16.25 price target on TripAdvisor in a research report on Tuesday, July 8th. JPMorgan Chase & Co. boosted their price target on TripAdvisor from $11.00 to $13.00 and gave the stock an "underweight" rating in a research report on Friday, May 9th. 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 target for the company. Wall Street Zen cut TripAdvisor from a "strong-buy" rating to a "buy" rating in a research report on Saturday, June 14th. Finally, Citigroup lifted their price objective on TripAdvisor from $16.00 to $19.00 and gave the stock a "neutral" rating in a research report on Monday, August 18th. Nine analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Reduce" and a consensus target price of $17.33.

TripAdvisor Trading Up 2.2%

TripAdvisor stock traded up $0.38 during mid-day trading on Friday, hitting $17.42. The company's stock had a trading volume of 1,831,106 shares, compared to its average volume of 2,877,312. The firm has a market capitalization of $2.02 billion, a PE ratio of 36.29, a price-to-earnings-growth ratio of 2.76 and a beta of 1.27. TripAdvisor, Inc. has a 1 year low of $10.43 and a 1 year high of $19.26. 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's fifty day moving average is $16.78 and its two-hundred day moving average is $14.88.

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 for the quarter, topping the consensus estimate of $0.43 by $0.03. The company had revenue of $529.00 million during the quarter, compared to analyst estimates of $529.91 million. TripAdvisor had a return on equity of 12.40% and a net margin of 3.53%.The firm's revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.39 earnings per share. TripAdvisor has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, analysts anticipate that TripAdvisor, Inc. will post 0.46 EPS for the current year.

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.