The Vanguard Group, Inc. 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 7.90% to 12.88 million shares with purchase of 0.94 million shares. This fresh investment now brings its stake to 10.29% valued currently at $277.23 million. In addition, BlackRock Fund Advisors raised its holdings by 4.23 million to 12.67 million shares. And AQR Capital Management LLC has lifted its position by 38.08% or 1.41 million shares – to 5.12 million shares.
Currently, there are 128.05M common shares owned by the public and among those 102.71M shares have been available to trade.
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Insiders at the company have transacted a total of 60 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 33 of these insider trades were purchases, accounting for 350,163 shares. Insider sales of the common stock occurred on 27 occasions, with total insider shares sold totaling 107,397 shares.
The top 3 mutual fund holders in TripAdvisor Inc. are iShares Core S&P Small Cap ETF, Fidelity Funds SICAV – Global Tec, and Vanguard Total Stock Market ETF. iShares Core S&P Small Cap ETF owns 7.24 million shares of the company’s stock, all valued at over $155.78 million. The company sold 29467.0 shares recently to bring their total holdings to about 5.78% of the shares outstanding. Fidelity Funds SICAV – Global Tec bought 1013.0 shares to see its total holdings expand to 3.45 million shares valued at over $74.19 million and representing 2.75% of the shares outstanding. Vanguard Total Stock Market ETF bought 0.34 million shares to bring its total holdings to over 3.25 million shares at a value of $69.92 million. Vanguard Total Stock Market ETF now owns shares totaling to 2.59% of the shares outstanding.
The company’s stock has a 5-day price change of 9.38% and 43.03% over the past three months. TRIP shares are trading -0.88% year to date (YTD), with the 12-month market performance down to -5.87% lower. It has a 12-month low price of $14.15 and touched a high of $27.30 over the same period. TRIP has an average intraday trading volume of 2.92 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 2.88%, 9.85%, and 24.45% respectively.
Institutional ownership of TripAdvisor Inc. (NASDAQ: TRIP) shares accounts for 75.18% of the company’s 128.05M shares outstanding. Mutual fund holders own 40.22%, while other institutional holders and individual stakeholders account for 42.89% and 35.49% respectively.
It has a market capitalization of $2.94B and a beta (3y monthly) value of 1.51. The earnings-per-share (ttm) stands at -$0.18. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.30% over the week and 3.31% over the month.
Analysts forecast that TripAdvisor Inc. (TRIP) will achieve an EPS of $0.22 for the current quarter, $0.07 for the next quarter and $1.45 for 2024. The lowest estimate earnings-per-share for the quarter is $0.15 while analysts give the company a high EPS estimate of $0.36. Comparatively, EPS for the current quarter was $0.16 a year ago. Earnings per share for the fiscal year are expected to increase by 45.31%, and 41.56% over the next financial year.
Looking at the support for the TRIP, a number of firms have released research notes about the stock. BMO Capital Markets stated their Market Perform rating for the stock in a research note on January 09, 2024, with the firm’s price target at $20.
