Comerica Bank Has $1.07 Million Holdings in TripAdvisor, Inc. $TRIP

Key Points

• Comerica Bank increased its position in shares of TripAdvisor, Inc. by 49.8%, acquiring an additional 25,001 shares during the first quarter, bringing its total ownership to 75,161 shares worth approximately $1,065,000.
• TripAdvisor's recent earnings report showed $0.46 earnings per share, surpassing the consensus estimate of $0.43, with a quarterly revenue of $529 million, a 6.4% increase year-over-year.
• Institutional investors and hedge funds own 98.99% of TripAdvisor's stock, indicating a strong interest from larger financial entities in the online travel company.

Comerica Bank increased its stake in TripAdvisor, Inc. (NASDAQ:TRIP - Free Report) by 49.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 75,161 shares of the travel company's stock after purchasing an additional 25,001 shares during the period. Comerica Bank owned 0.05% of TripAdvisor worth $1,065,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the stock. Kayne Anderson Rudnick Investment Management LLC raised its position in 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 worth $55,000 after purchasing an additional 3,144 shares during the last quarter. Smartleaf Asset Management LLC raised its position in TripAdvisor by 86.9% in the 1st quarter. Smartleaf Asset Management LLC now owns 3,055 shares of the travel company's stock worth $43,000 after purchasing an additional 1,420 shares during the last quarter. Ameriprise Financial Inc. raised its position 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 purchasing an additional 1,222,958 shares during the last quarter. Northern Trust Corp raised its position in TripAdvisor by 2.9% in the 1st quarter. Northern Trust Corp now owns 675,918 shares of the travel company's stock worth $9,578,000 after purchasing an additional 18,932 shares during the last quarter. Finally, Versor Investments LP bought a new position in TripAdvisor in the 1st quarter worth approximately $152,000. Institutional investors own 98.99% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Bank of America assumed coverage on shares of TripAdvisor in a research report on Monday, July 14th. They set a "neutral" rating and a $19.00 target price for the company. B. Riley upped their target price on shares of TripAdvisor from $17.00 to $21.00 and gave the company a "neutral" rating in a research report on Monday, August 11th. DA Davidson set a $16.25 target price on shares of TripAdvisor in a research report on Tuesday, July 8th. UBS Group reiterated a "neutral" rating on shares of TripAdvisor in a research report on Sunday, August 10th. Finally, Wall Street Zen cut shares of TripAdvisor from a "strong-buy" rating to a "buy" rating in a research report on Saturday, June 14th. Eight investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Reduce" and an average target price of $17.36.

TripAdvisor Trading Up 0.2%

Shares of TRIP stock traded up $0.04 on Wednesday, hitting $17.80. The stock had a trading volume of 758,606 shares, compared to its average volume of 3,126,580. TripAdvisor, Inc. has a twelve month low of $10.43 and a twelve month high of $19.26. The firm has a market cap of $2.07 billion, a P/E ratio of 37.07, a PEG ratio of 2.70 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 company has a fifty day moving average price of $17.38 and a two-hundred day moving average price of $14.91.

TripAdvisor (NASDAQ:TRIP - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The travel company reported $0.46 earnings per share (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 company had revenue of $529.00 million during the quarter, compared to analyst estimates of $529.91 million. During the same quarter in the previous year, the business earned $0.39 EPS. The firm'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, analysts forecast 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.