10 Best All-Time Low Stocks To Buy Right Now

2. Tripadvisor, Inc. (NASDAQ:TRIP)

Number of Hedge Fund Holders In Q3 2024: 34

Tripadvisor, Inc. (NASDAQ:TRIP) is one of the major players in the global online travel advisory industry. Its stock has had a tumultuous year so far after the firm first planned a sale and then withdrew. The withdrawal tanked Tripadvisor, Inc. (NASDAQ:TRIP)’s shares by 39% in May, and this turmoil has come on the back of weak financial performance. The firm’s Brand Tripadvisor revenue dropped by 12% in Q3, on the back of a soft hotels segment. Tripadvisor, Inc. (NASDAQ:TRIP)’s hypothesis depends on the firm’s current strategy to shift away from its hotels business and growth in its Fork business. This business is dependent on advanced predictive analytics and technologies to streamline the business and consumer experience on Tripadvisor, Inc. (NASDAQ:TRIP)’s platform.

Another key aspect of Tripadvisor, Inc. (NASDAQ:TRIP)’s performance is the macroeconomic environment. Here’s what management shared during the Q3 2024 earnings call:

“As always, we’re monitoring what’s happening on a macro level, although its future impact is difficult to predict. We continue to see healthy search data and strong consumer intent to travel and book experiences with overall stability in booking windows and average length of stay. We’ve observed some bifurcation of intent between higher and lower income travelers, but regardless of the fluctuations we may see periodically, I remain confident in the durability of growth in leisure travel. This is a sector that has continued to adapt, change and grow over the long term. Across Tripadvisor Group, we are well positioned for enhanced growth as we continue to build trust with travelers, innovate our offerings. And as the experiences category continues to emerge as an increasingly central and durable part of the travel budget.”