TripAdvisor, Inc. $TRIP Shares Acquired by Acadian Asset Management LLC

Key Points

• Acadian Asset Management LLC increased its holdings in TripAdvisor by 517.9% this quarter, owning approximately $8.83 million worth of the company's shares.
• Analysts have set a consensus price target of $17.36 for TripAdvisor, with some firms, like B. Riley, raising their target price from $17.00 to $21.00.
• TripAdvisor reported an earnings per share of $0.46 this quarter, exceeding analyst estimates, while its revenue showed a 6.4% year-over-year increase.

Acadian Asset Management LLC increased its holdings in TripAdvisor, Inc. (NASDAQ:TRIP - Free Report) by 517.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 623,403 shares of the travel company's stock after buying an additional 522,518 shares during the period. Acadian Asset Management LLC owned about 0.44% of TripAdvisor worth $8,830,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of TRIP. Tsfg LLC acquired a new position in shares of TripAdvisor in the 1st quarter valued at about $35,000. Smartleaf Asset Management LLC boosted its holdings in shares of TripAdvisor by 86.9% in the 1st quarter. Smartleaf Asset Management LLC now owns 3,055 shares of the travel company's stock valued at $43,000 after buying an additional 1,420 shares during the period. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of TripAdvisor by 419.8% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,893 shares of the travel company's stock valued at $55,000 after buying an additional 3,144 shares during the period. Quarry LP boosted its holdings in shares of TripAdvisor by 571.0% in the 1st quarter. Quarry LP now owns 5,697 shares of the travel company's stock valued at $81,000 after buying an additional 4,848 shares during the period. Finally, Jones Financial Companies Lllp boosted its stake in TripAdvisor by 1,183.2% during the 1st quarter. Jones Financial Companies Lllp now owns 6,416 shares of the travel company's stock valued at $85,000 after purchasing an additional 5,916 shares during the period. 98.99% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. DA Davidson set a $16.25 target price on shares of TripAdvisor in a research note on Tuesday, July 8th. B. Riley boosted their target price on shares of TripAdvisor from $17.00 to $21.00 and gave the company a "neutral" rating in a research note on Monday, August 11th. Wall Street Zen raised shares of TripAdvisor from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Bank of America assumed coverage on shares of TripAdvisor in a research note on Monday, July 14th. They set a "neutral" rating and a $19.00 target price for the company. Finally, UBS Group reissued a "neutral" rating on shares of TripAdvisor in a research note on Sunday, August 10th. Eight research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Reduce" and a consensus price target of $17.36.

TripAdvisor Trading Down 0.9%

Shares of NASDAQ:TRIP opened at $17.73 on Friday. The company has a 50 day moving average of $17.46 and a 200-day moving average of $14.97. The firm has a market cap of $2.06 billion, a P/E ratio of 36.94, a P/E/G ratio of 2.84 and a beta of 1.27. TripAdvisor, Inc. has a twelve month low of $10.43 and a twelve month 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.

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, topping analysts' consensus estimates 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 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 period in the prior year, the business posted $0.39 EPS. TripAdvisor has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, analysts anticipate that TripAdvisor, Inc. will post 0.46 earnings per share for the current fiscal 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.

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