Vanguard Holds 25.4% Stake in TripAdvisor, 18M Shares

TL;DR

**Vanguard still owns a quarter of TripAdvisor, big institutional backing.**

AI Summary

The Vanguard Group, a major investment firm, filed an updated SC 13G/A on January 10, 2024, disclosing its ownership in TripAdvisor Inc. As of December 29, 2023, Vanguard beneficially owned 18,041,080 shares of TripAdvisor's Common Stock, representing 25.4% of the company. This filing indicates Vanguard's continued significant passive stake in TripAdvisor, which is important for investors as large institutional ownership can provide stability but also influence stock performance through large-scale buying or selling.

Why It Matters

This filing confirms Vanguard's substantial ownership in TripAdvisor, signaling a strong institutional vote of confidence that can influence other investors and potentially stabilize the stock price.

Risk Assessment

Risk Level: low — This filing is a routine update from a passive institutional investor, indicating no immediate significant risk or change in company control.

Analyst Insight

Investors should note Vanguard's continued large, passive stake, which suggests long-term institutional confidence in TripAdvisor. This could be a positive signal for stability, but doesn't imply any active management changes or immediate catalysts.

Key Numbers

• 18,041,080 — Total Shares Beneficially Owned (Represents Vanguard's significant stake in TripAdvisor Inc.)
• 25.4% — Percentage of Class (Indicates Vanguard's substantial influence as a shareholder in TripAdvisor Inc.)
• 35,532 — Shared Voting Power (The number of shares Vanguard has shared voting power over.)
• 18,005,548 — Shared Dispositive Power (The number of shares Vanguard has shared dispositive power over.)
• 0 — Sole Voting Power (Vanguard holds no sole voting power over TripAdvisor shares.)

Key Players & Entities

• The Vanguard Group (company) — reporting person and major institutional investor
• TripAdvisor Inc (company) — subject company whose securities are being reported
• 18,041,080 (dollar_amount) — total number of shares beneficially owned by Vanguard
• 25.4% (dollar_amount) — percentage of TripAdvisor's class of securities owned by Vanguard
• December 29, 2023 (date) — date of the event requiring the filing

Forward-Looking Statements

• Vanguard will maintain a significant passive stake in TripAdvisor Inc. for the foreseeable future. (The Vanguard Group) — high confidence, target: December 29, 2024

FAQ

Filing Documents

• tv0012-tripadvisorinc.htm (SC 13G/A) — 11KB
• 0001104659-24-002859.txt ( ) — 13KB

(a) - Name of Issuer

Item 1(a) - Name of Issuer: TripAdvisor Inc

(b) - Address of Issuer's Principal Executive Offices

Item 1(b) - Address of Issuer's Principal Executive Offices: 400 1st Avenue Needham, MA 02494

(a) - Name of Person Filing

Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930

(b) – Address of Principal Business Office or, if none, residence

Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355

(c) – Citizenship

Item 2(c) – Citizenship: Pennsylvania

(d) - Title of Class of Securities

Item 2(d) - Title of Class of Securities: Common Stock

(e) - CUSIP Number

Item 2(e) - CUSIP Number 896945201

- Type of Filing

Item 3 - Type of Filing: This statement is being filed pursuant to Rule 13d-1. An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E).

- Ownership

Item 4 - Ownership: (a) Amount Beneficially Owned: (b) Percent of Class: (c) Number of shares as to which such person has: (i) sole power to vote or direct to vote: (ii) shared power to vote or direct to vote: (iii) sole power to dispose of or to direct the disposition of: (iv) shared power to dispose or to direct the disposition of: Comments: The responses to questions 5 through 9 and 11 on the cover page(s) are incorporated by reference into this Item 4.

- Ownership of Five Percent or Less of a Class

Item 5 - Ownership of Five Percent or Less of a Class: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following

- Ownership of More Than Five Percent on Behalf of Another Person

Item 6 - Ownership of More Than Five Percent on Behalf of Another Person: The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%. Item 7 - Identification and Classification of the Subsidiary Which Acquired The Security Being Reported on by the Parent Holding Company: Not applicable

- Identification and Classification of Members of Group

Item 8 - Identification and Classification of Members of Group: Not applicable

- Notice of Dissolution of Group

Item 9 - Notice of Dissolution of Group: Not applicable

- Certification

Item 10 - Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: January 10, 2024 By /s/ Ashley Grim Name: Ashley Grim Title: Head of Global Fund Administration

View Full Filing

View this SC 13G/A filing on SEC EDGAR