TripAdvisor (TRIP)

• Market cap: $1.92B
• 1 day: -0.72%
• 5 days: 1.40%
• 1 month: 3.30%
• 3 months: -7.45%
• 6 months: -23.13%
• Year to date: -34.52%
• 1 year: -34.89%
• 5 years: -54.13%
• 10 years: -82.06%
• Sector: Information Technology
• Industry: Computer Programming, Data Processing, Etc.

About: Tripadvisor is the world's leading travel metasearch company. Its platform offers 1 billion reviews and information on about 8 million accommodations, restaurants, experiences, airlines, and cruises. In 2023, 58% of revenue came from the company's core Brand Tripadvisor segment, which includes hotel revenue generated through advertising on its metasearch platform. Viator, its experiences brand, was 41% of sales in 2023, and TheFork, its dining brand, represented 9% of revenue (about 8% of sales were intersegment, which are eliminated from consolidated revenue).

Employees: 2,890

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

50% more funds holding in top 10

Funds holding in top 10: 2 [Q2] → 3 (+1) [Q3]

0.47% less ownership

Funds ownership: 81.17% [Q2] → 80.7% (-0.47%) [Q3]

3% less funds holding

Funds holding: 282 [Q2] → 273 (-9) [Q3]

14% less first-time investments, than exits

New positions opened: 54 | Existing positions closed: 63

19% less capital invested

Capital invested by funds: $1.83B [Q2] → $1.47B (-$356M) [Q3]

36% less repeat investments, than reductions

Existing positions increased: 70 | Existing positions reduced: 109

60% less call options, than puts

Call options by funds: $68M | Put options by funds: $168M

Research analyst outlook

6 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $11 20% downside
• Avg. target: $16.67 21% upside
• High target: $20 45% upside

6 analyst ratings

• positive: 0 0%
• neutral: 5 83%
• negative: 1 17%

DA Davidson Tom White 48% 1-year accuracy 11 / 23 met price target	16% upside $16	Neutral Maintained	19 Dec 2024
TD Cowen Kevin Kopelman 92% 1-year accuracy 11 / 12 met price target	45% upside $20	Hold Maintained	7 Nov 2024
B. Riley Securities Naved Khan 72% 1-year accuracy 18 / 25 met price target	45% upside $20	Neutral Maintained	7 Nov 2024
UBS Lloyd Walmsley 76% 1-year accuracy 13 / 17 met price target	23% upside $17	Neutral Maintained	7 Nov 2024
Cantor Fitzgerald Deepak Mathivanan 74% 1-year accuracy 31 / 42 met price target	20% downside $11	Underweight Maintained	7 Nov 2024