River Road Asset Management LLC recently announced the acquisition of new stake in Tripadvisor Inc. (NASDAQ:TRIP). The institutional investor has increased its shareholding in the Consumer Cyclical company by 41.98% to 4.18 million shares with purchase of 1.24 million shares. This fresh investment now brings its stake to 3.34% valued currently at $63.22 million. In addition, FIL Investment Advisors raised its holdings by 13863.0 to 3.79 million shares. And AQR Capital Management LLC has lifted its position by 95.75% or 1.81 million shares – to 3.7 million shares.
With over 23.22 million Tripadvisor Inc. (TRIP) shares trading Friday and a closing price of $15.98 on the day, the dollar volume was approximately $371.01 million. The shares have shown a negative half year performance of -15.98% and its price on 09/15/23 gained nearly 1.33%. Currently, there are 140.00M common shares owned by the public and among those 105.19M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 19 analysts who have offered their price forecasts for TRIP have a consensus price objective of $17.99. The analysts have set the share’s price value over the next 12 months at a high of $27.00 and a low of $14.00. The average price target is 13.29% above its recent price level and a downside to the estimated low will see the stock lose -14.14% over that period. But an upside of 40.81% will see the stock hit the forecast high price target while median target price for the stock is $17.00.
Insiders at the company have transacted a total of 59 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 32 of these insider trades were purchases, accounting for 304,784 shares. Insider sales of the common stock occurred on 27 occasions, with total insider shares sold totaling 94,426 shares.
The top 3 mutual fund holders in Tripadvisor Inc. are iShares Core S&P Mid Cap ETF, Fidelity Funds SICAV – Global Tec, and Vanguard Total Stock Market ETF. iShares Core S&P Mid Cap ETF owns 3.43 million shares of the company’s stock, all valued at over $51.8 million. The company bought an additional 1212.0 shares recently to bring their total holdings to about 2.74% of the shares outstanding. Fidelity Funds SICAV – Global Tec bought 1605.0 shares to see its total holdings expand to 3.41 million shares valued at over $51.47 million and representing 2.72% of the shares outstanding. Vanguard Total Stock Market ETF sold 363.0 shares to bring its total holdings to over 2.88 million shares at a value of $43.52 million. Vanguard Total Stock Market ETF now owns shares totaling to 2.30% of the shares outstanding.
Shares of Tripadvisor Inc. (NASDAQ: TRIP) opened at $15.76, down -$0.01 from a prior closing price of $15.77. However, the script later moved the day high at 16.34, up 1.33%. The company’s stock has a 5-day price change of 1.98% and -4.54% over the past three months. TRIP shares are trading -11.12% year to date (YTD), with the 12-month market performance down to -38.11% lower. It has a 12-month low price of $14.39 and touched a high of $27.30 over the same period. TRIP has an average intraday trading volume of 2.37 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 3.77%, -2.28%, and -12.93% respectively.
Institutional ownership of Tripadvisor Inc. (NASDAQ: TRIP) shares accounts for 86.20% of the company’s 140.00M shares outstanding. Mutual fund holders own 36.29%, while other institutional holders and individual stakeholders account for 45.30% and 35.46% respectively.
It has a market capitalization of $2.18B and a beta (3y monthly) value of 1.42. The earnings-per-share (ttm) stands at -$0.20. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.92% over the week and 2.48% over the month.
Analysts forecast that Tripadvisor Inc. (TRIP) will achieve an EPS of $0.47 for the current quarter, $0.21 for the next quarter and $1.33 for 2024. The lowest estimate earnings-per-share for the quarter is $0.36 while analysts give the company a high EPS estimate of $0.56. Comparatively, EPS for the current quarter was $0.28 a year ago. Earnings per share for the fiscal year are expected to increase by 112.70%, and 27.07% over the next financial year. EPS should grow at an annualized rate of 24.45% over the next five years, compared to -18.70% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 19 brokerage firm advisors rate Tripadvisor Inc. (TRIP) as a “Hold” at a consensus score of 3.10. Specifically, 2 Wall Street analysts polled rate the stock as a buy, while 12 of the 19 advise that investors “hold,” and 4 rated it as a “Sell.”
Looking at the support for the TRIP, a number of firms have released research notes about the stock. Wedbush stated their Neutral rating for the stock in a research note on August 22, 2023, with the firm’s price target at $17.
