Mitsubishi UFJ Kokusai Asset Management Co. Ltd. decreased its stake in Tripadvisor Inc Common Stock (NASDAQ:TRIP) by 7.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,799 shares of the travel company’s stock after selling 1,151 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Tripadvisor Inc Common Stock were worth $824,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. First Mercantile Trust Co. grew its position in shares of Tripadvisor Inc Common Stock by 43.9% during the second quarter. First Mercantile Trust Co. now owns 33,066 shares of the travel company’s stock worth $1,843,000 after purchasing an additional 10,085 shares in the last quarter. New York State Common Retirement Fund grew its position in shares of Tripadvisor Inc Common Stock by 12.9% during the first quarter. New York State Common Retirement Fund now owns 722,742 shares of the travel company’s stock worth $29,553,000 after purchasing an additional 82,459 shares in the last quarter. Fisher Asset Management LLC purchased a new stake in shares of Tripadvisor Inc Common Stock during the first quarter worth about $277,000. Fiera Capital Corp purchased a new stake in shares of Tripadvisor Inc Common Stock during the first quarter worth about $20,304,000. Finally, Prudential Financial Inc. grew its position in shares of Tripadvisor Inc Common Stock by 107.4% during the first quarter. Prudential Financial Inc. now owns 309,267 shares of the travel company’s stock worth $12,646,000 after purchasing an additional 160,142 shares in the last quarter. Institutional investors and hedge funds own 87.83% of the company’s stock.

In other news, CFO Ernst 02494 Teunissen sold 8,308 shares of the firm’s stock in a transaction that occurred on Friday, June 15th. The stock was sold at an average price of $57.46, for a total value of $477,377.68. Following the completion of the sale, the chief financial officer now directly owns 14,600 shares of the company’s stock, valued at approximately $838,916. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dipchand Nishar sold 3,497 shares of the firm’s stock in a transaction that occurred on Friday, June 22nd. The shares were sold at an average price of $57.12, for a total value of $199,748.64. Following the completion of the sale, the director now directly owns 20,748 shares of the company’s stock, valued at $1,185,125.76. The disclosure for this sale can be found here. Insiders sold a total of 17,766 shares of company stock valued at $1,016,923 over the last ninety days. Corporate insiders own 3.10% of the company’s stock.

Shares of Tripadvisor Inc Common Stock stock opened at $53.82 on Friday. Tripadvisor Inc Common Stock has a 12 month low of $29.50 and a 12 month high of $62.36. The company has a market cap of $7.31 billion, a P/E ratio of 112.13, a PEG ratio of 3.91 and a beta of 1.74.

Tripadvisor Inc Common Stock (NASDAQ:TRIP) last posted its quarterly earnings data on Wednesday, August 1st. The travel company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.16. The business had revenue of $433.00 million during the quarter, compared to analyst estimates of $434.86 million. Tripadvisor Inc Common Stock had a positive return on equity of 4.36% and a negative net margin of 1.40%. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period last year, the company earned $0.38 EPS. equities analysts anticipate that Tripadvisor Inc Common Stock will post 0.81 EPS for the current year.

Several research firms recently issued reports on TRIP. BidaskClub upgraded Tripadvisor Inc Common Stock from a “buy” rating to a “strong-buy” rating in a research report on Friday, July 20th. ValuEngine upgraded Tripadvisor Inc Common Stock from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 11th. Deutsche Bank increased their target price on Tripadvisor Inc Common Stock from $50.00 to $53.00 and gave the stock a “hold” rating in a research report on Tuesday, July 31st. DA Davidson increased their target price on Tripadvisor Inc Common Stock to $54.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 10th. Finally, Barclays upgraded Tripadvisor Inc Common Stock from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $49.00 to $70.00 in a research report on Wednesday, July 11th. Two research analysts have rated the stock with a sell rating, twenty-one have given a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $46.88.

Tripadvisor Inc Common Stock Profile

TripAdvisor, Inc operates as an online travel company. The company operates in two segments, Hotel and Non-Hotel. Its travel platform aggregates reviews and opinions of members about destinations, accommodations, activities and attractions, and restaurants, which enables users to research and plan their travel experiences, as well as book hotels, flights, cruises, vacation rentals, tours, activities and attractions, and restaurant reservations on its site or mobile app, or on the site or app of travel partner sites.

Further Reading: Google Finance Portfolio Workaround

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Institutional Ownership by Quarter for Tripadvisor Inc Common Stock (NASDAQ:TRIP)

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