TripAdvisor, Inc. $TRIP Shares Sold by Rhumbline Advisers

Key Points

• Rhumbline Advisers decreased its position in TripAdvisor by 15.7%, selling 44,985 shares, and now owns approximately 241,357 shares valued at $3,420,000.
• Several institutional investors, including Wittenberg Investment Management and GAMMA Investing, significantly increased their holdings in TripAdvisor during the first quarter, indicating strong interest from large investors.
• TripAdvisor recently reported an earnings per share (EPS) of $0.46 for the quarter, beating analyst estimates, with revenue growing by 6.4% year-over-year despite slightly missing consensus revenue projections.

Rhumbline Advisers decreased its position in TripAdvisor, Inc. (NASDAQ:TRIP - Free Report) by 15.7% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 241,357 shares of the travel company's stock after selling 44,985 shares during the period. Rhumbline Advisers owned about 0.17% of TripAdvisor worth $3,420,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of TRIP. Wittenberg Investment Management Inc. boosted its stake in shares of TripAdvisor by 80.0% during the first quarter. Wittenberg Investment Management Inc. now owns 126,000 shares of the travel company's stock valued at $1,785,000 after acquiring an additional 56,000 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of TripAdvisor by 904.8% during the first quarter. GAMMA Investing LLC now owns 36,927 shares of the travel company's stock valued at $523,000 after acquiring an additional 33,252 shares during the last quarter. Teacher Retirement System of Texas acquired a new stake in shares of TripAdvisor during the first quarter valued at $235,000. Raymond James Financial Inc. boosted its stake in shares of TripAdvisor by 16.9% during the first quarter. Raymond James Financial Inc. now owns 238,094 shares of the travel company's stock valued at $3,374,000 after acquiring an additional 34,347 shares during the last quarter. Finally, Point72 Asset Management L.P. boosted its stake in shares of TripAdvisor by 483.9% during the fourth quarter. Point72 Asset Management L.P. now owns 723,904 shares of the travel company's stock valued at $10,692,000 after acquiring an additional 599,933 shares during the last quarter. Institutional investors and hedge funds own 98.99% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on TRIP. Citigroup increased 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. UBS Group reaffirmed a "neutral" rating on shares of TripAdvisor in a research note on Sunday, August 10th. Bank of America assumed 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. DA Davidson set a $16.25 price target on TripAdvisor in a report on Tuesday, July 8th. Finally, B. Riley upped their price objective 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. Eight analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Reduce" and an average target price of $17.36.

TripAdvisor Stock Performance

Shares of NASDAQ:TRIP opened at $18.86 on Tuesday. The company has a market cap of $2.19 billion, a P/E ratio of 39.29, a PEG ratio of 2.81 and a beta of 1.27. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.24 and a current ratio of 1.24. TripAdvisor, Inc. has a one year low of $10.43 and a one year high of $19.26. The business's 50-day simple moving average is $17.49 and its 200 day simple moving average is $15.00.

TripAdvisor (NASDAQ:TRIP - Get Free Report) last announced its earnings results on Thursday, August 7th. The travel company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.43 by $0.03. The business had revenue of $529.00 million for the quarter, compared to the consensus estimate of $529.91 million. TripAdvisor had a return on equity of 12.40% and a net margin of 3.53%.The company's revenue was up 6.4% on a year-over-year basis. During the same period last year, the business posted $0.39 EPS. TripAdvisor has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, sell-side analysts forecast that TripAdvisor, Inc. will post 0.46 earnings per share for the current fiscal year.

TripAdvisor 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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