BlackRock Fund Advisors has recently announced that it has increased stake in TripAdvisor Inc. (NASDAQ:TRIP) by 50.15%. After grabbing 12.67 million shares, the institutional investor is now in possession of 4.23 million shares of the Consumer Cyclical Company. The new investment brought the stake of investor firm to 10.12% having worth around $187.05 million. Moreover, The Vanguard Group, Inc. increased its share by 1.26 million to have a control over 11.93 million shares. And AQR Capital Management LLC raised its holdings to 1.41 million shares by acquiring 5.12 million shares or 4.09% of the stake.
TripAdvisor Inc. (TRIP) concluded trading on 12/14/23 at a closing price of $19.25, with 4.92 million shares of worth about $94.77 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 14.99% during that period and on Thursday the price saw a gain of about 6.53%. Currently the company’s common shares owned by public are about 128.05M shares, out of which, 102.72M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 62 times over the past 12 months. They bought 350,452 shares in 34 of the transactions. In 28 selling transactions, insiders dumped 107,498 shares.
iShares Core S&P Small Cap ETF, Fidelity Funds SICAV – Global Tec, and Vanguard Total Stock Market ETF are the top 3 mutual funds which are holding stakes in TripAdvisor Inc. iShares Core S&P Small Cap ETF is currently holding 7.24 million shares of worth totaling $106.91 million. The company recently came selling 23907.0 shares which brought its stake up to 5.79% of the company’s outstanding shares. Fidelity Funds SICAV – Global Tec bought 8172.0 shares, after which its hold over company’s outstanding shares expand to 2.75%, leaving 3.45 million shares with the mutual fund that have a worth of about $50.85 million. Vanguard Total Stock Market ETF, after buying 2.9 million shares, have now control over 2.32% of the stake in the company. It holds 8120.0 shares of worth $42.83 million.
However, the stock later moved at a day high price of 19.65, or with a gain of 6.53%. Stock saw a price change of 7.84% in past 5 days and over the past one month there was a price change of 8.09%. Year-to-date (YTD), TRIP shares are showing a performance of 7.06% which increased to 1.69% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $14.15 but also hit the highest price of $27.30 during that period. The average intraday trading volume for TripAdvisor Inc. shares is 2.69 million. The stock is currently trading 4.49% above its 20-day simple moving average (SMA20), while that difference is up 14.22% for SMA50 and it goes to 13.14% higher than SMA200.
BlackRock Fund Advisors acquired 12.67 million shares of TripAdvisor Inc. having value of about $187.05 million. Data submitted at the U.S SEC by BlackRock Fund Advisors revealed that the firm now holds 4.23 million shares in the company valued at close to $81473469.0, or have control over 50.15% stake in the company. TripAdvisor Inc. (NASDAQ: TRIP) currently have 128.05M outstanding shares and institutions hold larger chunk of about 76.11% of that. Holding of mutual funds in the company is about 41.79% while other institutional holders and individual stake holders have control over 42.26% and 35.48% of the stake respectively.
The stock has a current market capitalization of $2.66B and its 3Y-monthly beta is at 1.47. It has posted earnings per share of -$0.18 in the same period. It has Quick Ratio of 1.95 while making debt-to-equity ratio of 1.11. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for TRIP, volatility over the week remained 3.50% while standing at 3.28% over the month.
Analysts are in expectations that TripAdvisor Inc. (TRIP) stock would likely to be making an EPS of $0.22 in the current quarter, while forecast for next quarter EPS is $0.08 and it is $1.44 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.15 which is $0.31 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.16 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 43.24% while it is estimated to increase by 42.36% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BTIG Research on Dec-15-23 offering a Buy rating for the stock and assigned a target price of $25 to it.
