Mitsubishi UFJ Trust & Banking Corp Boosts Stake in Tripadvisor, Inc. (NASDAQ:TRIP)

Mitsubishi UFJ Trust & Banking Corp lifted its holdings in shares of Tripadvisor, Inc. (NASDAQ:TRIP) by 60.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 138,713 shares of the travel company’s stock after buying an additional 52,026 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.10% of Tripadvisor worth $2,049,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of TRIP. SG Americas Securities LLC grew its stake in shares of Tripadvisor by 679.5% in the fourth quarter. SG Americas Securities LLC now owns 738,731 shares of the travel company’s stock worth $10,911,000 after acquiring an additional 643,963 shares during the period. Lightrock Netherlands B.V. bought a new stake in Tripadvisor in the 4th quarter worth approximately $7,607,000. Jacobs Levy Equity Management Inc. raised its stake in Tripadvisor by 15.0% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,566,342 shares of the travel company’s stock valued at $37,186,000 after buying an additional 334,961 shares during the last quarter. Gilman Hill Asset Management LLC bought a new position in shares of Tripadvisor during the 4th quarter valued at $3,632,000. Finally, Raymond James Financial Inc. purchased a new position in shares of Tripadvisor in the 4th quarter worth $3,009,000. 98.99% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Wedbush reissued a “neutral” rating and issued a $17.00 target price on shares of Tripadvisor in a report on Thursday, December 19th. B. Riley dropped their price objective on shares of Tripadvisor from $20.00 to $18.00 and set a “neutral” rating on the stock in a report on Monday, March 10th. StockNews.com raised shares of Tripadvisor from a “hold” rating to a “buy” rating in a report on Monday, February 24th. DA Davidson reiterated a “neutral” rating and set a $16.00 price target on shares of Tripadvisor in a research note on Thursday, February 20th. Finally, UBS Group reissued a “neutral” rating on shares of Tripadvisor in a research report on Tuesday, February 4th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $17.57.

Tripadvisor Stock Up 0.6 %

NASDAQ TRIP opened at $14.17 on Tuesday. Tripadvisor, Inc. has a 12 month low of $12.93 and a 12 month high of $28.64. The company has a current ratio of 2.10, a quick ratio of 1.85 and a debt-to-equity ratio of 0.93. The stock has a market cap of $1.99 billion, a PE ratio of 708.85, a P/E/G ratio of 9.01 and a beta of 1.35. The stock’s 50 day moving average is $15.84 and its 200 day moving average is $15.07.

Tripadvisor (NASDAQ:TRIP) last released its earnings results on Thursday, February 20th. The travel company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.08). The company had revenue of $411.00 million during the quarter, compared to analysts’ expectations of $400.02 million. Tripadvisor had a return on equity of 9.02% and a net margin of 0.33%. Research analysts predict that Tripadvisor, Inc. will post 0.46 EPS for the current fiscal year.

Tripadvisor Company Profile

TripAdvisor, Inc operates as an online travel company, primarily engages in the provision of travel guidance products and services worldwide. The company operates in three segments: Brand Tripadvisor, Viator, and TheFork. The Brand Tripadvisor segment offers travel guidance platforms for travelers to discover, generate, and share authentic user-generated content in the form of ratings and reviews for destinations, points-of-interest, experiences, accommodations, restaurants, and cruises.