Liberty TripAdvisor Amends TRIP Ownership Filing, Signals Potential Shift

TL;DR

**Liberty TripAdvisor just updated its stake in TRIP, watch for potential strategic moves!**

AI Summary

Liberty TripAdvisor Holdings, Inc. (LTRPA) filed an Amendment No. 6 to its Schedule 13D on February 9, 2024, indicating a change in its beneficial ownership of TripAdvisor, Inc. (TRIP) common stock. This filing updates previous disclosures, with Renee L. Wilm, Chief Legal Officer of Liberty TripAdvisor Holdings, Inc., listed as the contact person. This matters to investors because Liberty TripAdvisor Holdings is a major shareholder, and changes in their holdings or intentions can signal shifts in control or strategic direction for TripAdvisor, potentially impacting its stock price.

Why It Matters

This filing signals that a major holder, Liberty TripAdvisor Holdings, Inc., is updating its position or intentions regarding TripAdvisor, which could influence future corporate actions or stock performance.

Risk Assessment

Risk Level: medium — Changes in major shareholder filings can introduce uncertainty regarding future corporate control or strategic direction, posing a medium risk to current investors.

Analyst Insight

A smart investor would closely monitor subsequent filings from Liberty TripAdvisor Holdings, Inc. and TripAdvisor, Inc. for further details on any changes in ownership percentages or stated intentions, as this could precede significant corporate actions or shifts in control.

Key Numbers

• 896945201 — CUSIP Number (Identifies TripAdvisor, Inc. Common Stock)
• 0001606745 — Central Index Key (CIK) (Identifies Liberty TripAdvisor Holdings, Inc.)
• 0001526520 — Central Index Key (CIK) (Identifies TripAdvisor, Inc.)

Key Players & Entities

• Liberty TripAdvisor Holdings, Inc. (company) — the filing person and major shareholder of TripAdvisor, Inc.
• TripAdvisor, Inc. (company) — the subject company whose common stock is being reported on
• Renee L. Wilm, Esq. (person) — Chief Legal Officer / Chief Administrative Officer for Liberty TripAdvisor Holdings, Inc. and authorized contact for the filing
• $0.001 (dollar_amount) — par value per share of TripAdvisor, Inc. Common Stock
• February 9, 2024 (date) — Date of Event Which Requires Filing of this Statement

Forward-Looking Statements

• Liberty TripAdvisor Holdings, Inc. may be signaling a strategic review or potential divestiture of its TripAdvisor stake. (Liberty TripAdvisor Holdings, Inc.) — medium confidence, target: Q2 2024
• TripAdvisor's stock price could experience increased volatility as investors react to the implications of this amended filing. (TripAdvisor, Inc.) — medium confidence, target: Next 30 days

FAQ

From the Filing

0001104659-24-014599.txt : 20240212 0001104659-24-014599.hdr.sgml : 20240212 20240212160127 ACCESSION NUMBER: 0001104659-24-014599 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240212 DATE AS OF CHANGE: 20240212 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 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-86536 FILM NUMBER: 24619773 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: Liberty TripAdvisor Holdings, Inc. CENTRAL INDEX KEY: 0001606745 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROCESSING & DATA PREPARATION [7374] ORGANIZATION NAME: 06 Technology IRS NUMBER: 463337365 STATE OF INCORPORATION: CO FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 12300 LIBERTY BLVD CITY: ENGLEWOOD STATE: CO ZIP: 80112 BUSINESS PHONE: 7208755300 MAIL ADDRESS: STREET 1: 12300 LIBERTY BLVD CITY: ENGLEWOOD STATE: CO ZIP: 80112 SC 13D/A 1 tm245281d1_sc13da.htm SC 13D/A SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D/A (Amendment No. 6)* Under the Securities Exchange Act of 1934 Tripadvisor, Inc. (Name of Issuer) Common Stock, par value $0.001 per share (Title of Class of Securities) 896945201 (CUSIP Number) Renee L. Wilm, Esq. Chief Legal Officer / Chief Administrative Officer Liberty TripAdvisor Holdings, Inc. 12300 Liberty Boulevard Englewood, CO 80112 (720) 875-5200 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) February 9, 2024 (Date of Event Which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. ¨ Note . Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent. *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 disclosures provided in a prior cover page. The information required on 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: Common Stock: 	 896945201 1. Names of Reporting Persons Liberty TripAdvisor Holdings, Inc. 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) ¨ (b) ¨ 3. SEC Use Only 4. Source of Funds (See Instructions) OO 5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) ¨ 6. Citizenship or Place of Organization Delaware Number of Shares Beneficially Owned by Each Reporting Person With: 7. Sole Voting Power 29,245,893 shares (1) (2) 8. Shared Voting Power None 9. Sole Dispositive Power 29,245,893 shares (1) (2) 10. Shared Dispositive Power None 11. Aggregate Amount Beneficially Owned by Each Reporting Person 29,245,893 shares (1) (2) 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) x Excludes shares beneficially owned by the executive officers and directors of the Reporting Person