Sei Investments Co. Purchases 56,524 Shares of TripAdvisor, Inc. $TRIP

Sei Investments Co. raised its position in shares of TripAdvisor, Inc. (NASDAQ:TRIP) by 77.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 129,834 shares of the travel company’s stock after buying an additional 56,524 shares during the quarter. Sei Investments Co. owned about 0.11% of TripAdvisor worth $1,384,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Essex Financial Services Inc. boosted its position in shares of TripAdvisor by 4.5% during the 4th quarter. Essex Financial Services Inc. now owns 17,864 shares of the travel company’s stock valued at $260,000 after acquiring an additional 776 shares during the last quarter. Acorn Financial Advisory Services Inc. ADV increased its position in TripAdvisor by 1.3% in the fourth quarter. Acorn Financial Advisory Services Inc. ADV now owns 64,053 shares of the travel company’s stock worth $933,000 after purchasing an additional 847 shares during the last quarter. State of Alaska Department of Revenue raised its stake in TripAdvisor by 1.8% during the fourth quarter. State of Alaska Department of Revenue now owns 62,887 shares of the travel company’s stock valued at $914,000 after purchasing an additional 1,091 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in TripAdvisor by 13.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 9,812 shares of the travel company’s stock valued at $143,000 after purchasing an additional 1,126 shares in the last quarter. Finally, Illinois Municipal Retirement Fund lifted its position in TripAdvisor by 2.0% during the first quarter. Illinois Municipal Retirement Fund now owns 61,011 shares of the travel company’s stock valued at $650,000 after purchasing an additional 1,216 shares during the last quarter. Institutional investors own 98.99% of the company’s stock.

Key Headlines Impacting TripAdvisor

Here are the key news stories impacting TripAdvisor this week:

• Positive Sentiment: Airbnb partnership supports Viator distribution. Airbnb will partner with Tripadvisor Experiences rather than continue developing a fully in-house “build-your-own” strategy. The arrangement could increase exposure and bookings for Viator, while validating TripAdvisor’s experiences marketplace. Airbnb Partners With Tripadvisor Experiences, Drops Build-Your-Own Strategy
• Positive Sentiment: Viator remains an important part of the investment case. Although TripAdvisor has struggled with AI-driven changes in travel search and has lost some global experiences leadership, Viator remains the leading platform in the U.S. The Airbnb agreement could help preserve the business’s strategic value. Tripadvisor: Viator Keeps The Investment Case Alive
• Positive Sentiment: Operational bright spots temper the earnings miss. Second-quarter adjusted EBITDA exceeded expectations, and progress toward the sale of TheFork gives investors a potential source of value and a sharper corporate focus. Tripadvisor’s Q2 Earnings and Revenues Miss Amid Macro Pressures
• Neutral Sentiment: Travelers’ Choice recognition provides limited support. Twenty-three awards for Thousand Trails and Encore RV Resorts reinforce TripAdvisor’s brand and content relevance, but the announcement is unlikely to materially affect near-term revenue or earnings. 23 Tripadvisor Travelers’ Choice Awards for Thousand Trails and Encore RV Resorts
• Neutral Sentiment: Reported short-interest data shows no meaningful short position. The latest filing lists zero shares sold short, offering little evidence that short covering is influencing the stock.
• Negative Sentiment: Analysts continue to reduce valuation expectations. B. Riley cut its price target to $12.50 and kept a neutral rating, while JPMorgan and Cantor Fitzgerald reduced targets to $10 and $9, respectively. B. Riley price target update JPMorgan price target update Cantor Fitzgerald price target update
• Negative Sentiment: Recent financial performance remains weak. TripAdvisor missed second-quarter earnings and revenue estimates, with revenue down 7.2% year over year. Ongoing AI competition from tools such as ChatGPT and Copilot is also pressuring engagement with TripAdvisor’s core website.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on TRIP shares. Weiss Ratings restated a “sell (d)” rating on shares of TripAdvisor in a report on Friday, May 15th. JPMorgan Chase & Co. lowered their price target on shares of TripAdvisor from $11.00 to $10.00 and set an “underweight” rating for the company in a report on Friday, August 7th. Barclays dropped their price target on TripAdvisor from $10.00 to $9.00 and set an “underweight” rating for the company in a research report on Monday, May 11th. Cantor Fitzgerald decreased their price objective on TripAdvisor from $10.00 to $9.00 and set an “underweight” rating on the stock in a research report on Friday, August 7th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $16.00 price objective on shares of TripAdvisor in a research note on Monday, July 20th. Four analysts have rated the stock with a Buy rating, seven have issued a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat, TripAdvisor has an average rating of “Reduce” and a consensus target price of $14.46.

TripAdvisor Price Performance

TripAdvisor stock opened at $10.95 on Wednesday. The firm has a 50-day moving average price of $13.23 and a 200-day moving average price of $11.67. The firm has a market capitalization of $1.27 billion, a PE ratio of 1,096.10, a price-to-earnings-growth ratio of 2.11 and a beta of 0.86. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.28. TripAdvisor, Inc. has a 12-month low of $9.01 and a 12-month high of $20.16.

TripAdvisor (NASDAQ:TRIP) last issued its quarterly earnings results on Thursday, August 6th. The travel company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.03). TripAdvisor had a net margin of 0.28% and a return on equity of 4.23%. The firm had revenue of $385.30 million for the quarter, compared to the consensus estimate of $506.27 million. During the same quarter in the previous year, the company posted $0.46 earnings per share. The business’s revenue for the quarter was down 7.2% on a year-over-year basis. As a group, equities research analysts forecast that TripAdvisor, Inc. will post 0.69 EPS for the current year.

Insider Activity

In other TripAdvisor news, CEO Almir Ambeskovic sold 8,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $12.30, for a total transaction of $98,400.00. Following the completion of the transaction, the chief executive officer owned 34,396 shares in the company, valued at $423,070.80. The trade was a 18.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.00% of the stock is owned by company insiders.

TripAdvisor Company Profile

TripAdvisor (NASDAQ:TRIP) is a leading online travel company that operates a digital platform for travel information, reviews and booking services. The company’s flagship website and mobile apps allow users to access and contribute travel-related content—ranging from hotel and restaurant reviews to ratings for tours, attractions and vacation rentals—helping consumers plan and book trips around the world.

The core of TripAdvisor’s offering is its community-driven review system, which aggregates user-generated feedback alongside editorial content and professional photography.