TripAdvisor, Inc. (TRIP) Shares Sold by Mitsubishi UFJ Trust & Banking Corp
Mitsubishi UFJ Trust & Banking Corp reduced its stake in shares of TripAdvisor, Inc. (NASDAQ:TRIP) by 22.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 652,004 shares of the travel company’s stock after selling 184,957 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.46% of TripAdvisor worth $24,907,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of TripAdvisor by 2.0% in the first quarter. Vanguard Group Inc. now owns 10,652,534 shares of the travel company’s stock valued at $459,763,000 after buying an additional 209,743 shares in the last quarter. BlackRock Inc. increased its stake in shares of TripAdvisor by 1,932.9% in the first quarter. BlackRock Inc. now owns 7,169,686 shares of the travel company’s stock valued at $309,444,000 after buying an additional 6,817,010 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of TripAdvisor by 4.7% in the second quarter. Bank of New York Mellon Corp now owns 4,926,007 shares of the travel company’s stock valued at $188,176,000 after buying an additional 220,185 shares in the last quarter. State Street Corp increased its stake in shares of TripAdvisor by 0.9% in the first quarter. State Street Corp now owns 4,767,474 shares of the travel company’s stock valued at $205,767,000 after buying an additional 42,936 shares in the last quarter. Finally, SRS Investment Management LLC acquired a new stake in shares of TripAdvisor during the first quarter valued at about $125,824,000. 86.38% of the stock is currently owned by institutional investors.
TripAdvisor, Inc. (NASDAQ TRIP) opened at 42.74 on Friday. The company has a market cap of $5.93 billion, a PE ratio of 64.66 and a beta of 2.37. The stock has a 50 day moving average of $39.90 and a 200-day moving average of $41.29. TripAdvisor, Inc. has a 1-year low of $35.34 and a 1-year high of $66.13.
TripAdvisor (NASDAQ:TRIP) last issued its quarterly earnings results on Tuesday, August 8th. The travel company reported $0.25 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.30 by $0.05. TripAdvisor had a return on equity of 8.62% and a net margin of 6.26%. The firm had revenue of $424 million for the quarter, compared to the consensus estimate of $421.66 million. During the same period last year, the company posted $0.38 EPS. The business’s revenue was up 8.4% on a year-over-year basis. On average, equities research analysts predict that TripAdvisor, Inc. will post $1.15 earnings per share for the current year.
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TRIP has been the topic of several research analyst reports. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $47.00 price target on shares of TripAdvisor in a research report on Monday, August 7th. Zacks Investment Research raised TripAdvisor from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th. SunTrust Banks, Inc. initiated coverage on TripAdvisor in a research report on Tuesday, August 15th. They issued a “hold” rating and a $44.00 price target on the stock. Credit Suisse Group downgraded TripAdvisor from a “neutral” rating to an “underperform” rating and lowered their price target for the company from $40.00 to $34.00 in a research report on Monday, June 19th. Finally, Barclays PLC lowered their price target on TripAdvisor from $52.00 to $48.00 and set an “equal weight” rating on the stock in a research report on Monday, August 7th. Ten investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and one has given a buy rating to the stock. TripAdvisor has an average rating of “Hold” and a consensus target price of $43.44.
In other news, insider Dermot Halpin sold 12,859 shares of the company’s stock in a transaction that occurred on Friday, August 18th. The shares were sold at an average price of $39.09, for a total transaction of $502,658.31. Following the completion of the sale, the insider now owns 5,364 shares of the company’s stock, valued at approximately $209,678.76. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.98% of the company’s stock.
TripAdvisor Company Profile
TripAdvisor, Inc owns and operates a portfolio of online travel brands. TripAdvisor, the Company’s brand, is a travel site. The Company operates through two segments: Hotel and Non-Hotel. The Company’s Hotel segment includes click-based advertising and transaction; display-based and subscription-based advertising, and other hotel operations.
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