Vident Advisory LLC Has $937,000 Stake in TripAdvisor, Inc. $TRIP

Key Points

• Vident Advisory LLC significantly reduced its stake in TripAdvisor, Inc. by 59.9%, now holding 66,099 shares valued at approximately $937,000.
• Institutional investors own nearly 99% of TripAdvisor stock, with other firms like Ameriprise Financial and Point72 increasing their stakes by over 170% in recent quarters.
• TripAdvisor reported $0.46 earnings per share for the last quarter, surpassing expectations, although revenue came in slightly below estimates at $529 million.

Vident Advisory LLC reduced its stake in shares of TripAdvisor, Inc. (NASDAQ:TRIP - Free Report) by 59.9% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 66,099 shares of the travel company's stock after selling 98,693 shares during the period. Vident Advisory LLC's holdings in TripAdvisor were worth $937,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TRIP. Ameriprise Financial Inc. increased its holdings in TripAdvisor by 179.5% during the 4th quarter. Ameriprise Financial Inc. now owns 4,412,426 shares of the travel company's stock worth $65,172,000 after purchasing an additional 2,833,528 shares in the last quarter. Nuveen LLC bought a new stake in TripAdvisor during the 1st quarter worth approximately $32,536,000. Gotham Asset Management LLC increased its holdings in TripAdvisor by 170.6% during the 4th quarter. Gotham Asset Management LLC now owns 1,073,773 shares of the travel company's stock worth $15,860,000 after purchasing an additional 676,977 shares in the last quarter. Point72 Asset Management L.P. increased its holdings in TripAdvisor by 483.9% during the 4th quarter. Point72 Asset Management L.P. now owns 723,904 shares of the travel company's stock worth $10,692,000 after purchasing an additional 599,933 shares in the last quarter. Finally, Nuveen Asset Management LLC increased its holdings in TripAdvisor by 58.8% during the 4th quarter. Nuveen Asset Management LLC now owns 1,607,302 shares of the travel company's stock worth $23,740,000 after purchasing an additional 595,053 shares in the last quarter. 98.99% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on TRIP shares. B. Riley boosted their price objective on TripAdvisor from $17.00 to $21.00 and gave the stock a "neutral" rating in a report on Monday, August 11th. Citigroup boosted their price objective on TripAdvisor from $16.00 to $19.00 and gave the stock a "neutral" rating in a report on Monday, August 18th. Bank of America assumed coverage on TripAdvisor in a report on Monday, July 14th. They issued a "neutral" rating and a $19.00 target price for the company. Wall Street Zen lowered TripAdvisor from a "strong-buy" rating to a "buy" rating in a report on Saturday, June 14th. Finally, JPMorgan Chase & Co. upped their target price on TripAdvisor from $11.00 to $13.00 and gave the company an "underweight" rating in a report on Friday, May 9th. Eight analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Reduce" and an average target price of $17.36.

TripAdvisor Stock Performance

TRIP stock opened at $17.96 on Friday. The firm has a market cap of $2.09 billion, a PE ratio of 37.42, a P/E/G ratio of 2.72 and a beta of 1.27. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.37. The business has a 50 day moving average of $17.13 and a 200-day moving average of $14.91. 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 announced its quarterly earnings data on Thursday, August 7th. The travel company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.03. TripAdvisor had a return on equity of 12.40% and a net margin of 3.53%.The business had revenue of $529.00 million during the quarter, compared to analyst estimates of $529.91 million. During the same period in the prior year, the company earned $0.39 earnings per share. TripAdvisor's revenue was up 6.4% compared to the same quarter last year. TripAdvisor has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, sell-side analysts expect that TripAdvisor, Inc. will post 0.46 earnings per share 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.

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.