BlackRock Amends TripAdvisor Stake, Maintains Passive Position

TL;DR

**BlackRock still owns a chunk of TripAdvisor, signaling stability.**

AI Summary

BlackRock Inc. filed an amended SC 13G/A on January 24, 2024, updating its ownership stake in TripAdvisor, Inc. as of December 31, 2023. This filing, an amendment number 3, indicates that BlackRock continues to hold a significant, though passive, position in TripAdvisor's common stock. This matters to investors because BlackRock is a major institutional investor, and their continued holding suggests a long-term, stable view of TripAdvisor's prospects, potentially signaling confidence in the company's future performance.

Why It Matters

This filing shows that a major institutional investor, BlackRock, still holds a significant stake in TripAdvisor, which can be seen as a vote of confidence in the company's stability and future outlook.

Risk Assessment

Risk Level: low — This filing is a routine update from a passive institutional investor and does not indicate any immediate risks or significant changes in company control.

Analyst Insight

An investor should note that BlackRock's continued passive ownership in TripAdvisor suggests no immediate major shifts in institutional sentiment, but should still monitor future filings for any changes in their stake or investment intent.

Key Players & Entities

• BlackRock Inc. (company) — the reporting person and institutional investor
• TripAdvisor, Inc. (company) — the subject company in which BlackRock holds shares
• December 31, 2023 (date) — the date of the event requiring this filing
• January 24, 2024 (date) — the filing date of the SC 13G/A

FAQ

From the Filing

0001086364-24-002013.txt : 20240124 0001086364-24-002013.hdr.sgml : 20240124 20240124094641 ACCESSION NUMBER: 0001086364-24-002013 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240124 DATE AS OF CHANGE: 20240124 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: TripAdvisor, Inc. CENTRAL INDEX KEY: 0001526520 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. [7370] ORGANIZATION NAME: 06 Technology IRS NUMBER: 800743202 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-86536 FILM NUMBER: 24554607 BUSINESS ADDRESS: STREET 1: 400 1ST AVENUE CITY: NEEDHAM STATE: MA ZIP: 02494 BUSINESS PHONE: 781-800-5800 MAIL ADDRESS: STREET 1: 400 1ST AVENUE CITY: NEEDHAM STATE: MA ZIP: 02494 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G/A 1 us8969452015_012324.txt us8969452015_012324.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 3) TRIPADVISOR INC -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 896945201 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 896945201 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 12991017 (6) Shared voting power 0 (7) Sole dispositive power 13382953 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 13382953 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 10.6% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- TRIPADVISOR INC Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 400 1ST AVENUE NEEDHAM MA 02494 Item 2. 2(a) Name of person filing: ---------------------------------------------------------------------- BlackRock, Inc. 2(b) Address or principal business office or, if none, residence: -----------------------------------------------