MUFG Securities EMEA plc Decreases Holdings in Tripadvisor Inc (NASDAQ:TRIP)
MUFG Securities EMEA plc cut its stake in shares of Tripadvisor Inc (NASDAQ:TRIP) by 51.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 22,000 shares of the travel company’s stock after selling 23,500 shares during the period. MUFG Securities EMEA plc’s holdings in Tripadvisor were worth $1,018,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in TRIP. Ossiam grew its position in shares of Tripadvisor by 114.5% during the 2nd quarter. Ossiam now owns 3,887 shares of the travel company’s stock valued at $180,000 after acquiring an additional 2,075 shares during the period. Seeyond boosted its holdings in Tripadvisor by 146.2% in the 2nd quarter. Seeyond now owns 6,661 shares of the travel company’s stock worth $308,000 after buying an additional 3,956 shares during the period. Cibc World Markets Corp boosted its holdings in Tripadvisor by 16.3% in the 2nd quarter. Cibc World Markets Corp now owns 114,553 shares of the travel company’s stock worth $5,303,000 after buying an additional 16,094 shares during the period. Meadow Creek Investment Management LLC boosted its holdings in Tripadvisor by 23.6% in the 2nd quarter. Meadow Creek Investment Management LLC now owns 28,226 shares of the travel company’s stock worth $1,306,000 after buying an additional 5,390 shares during the period. Finally, Glen Harbor Capital Management LLC boosted its holdings in Tripadvisor by 23.6% in the 2nd quarter. Glen Harbor Capital Management LLC now owns 35,924 shares of the travel company’s stock worth $1,663,000 after buying an additional 6,860 shares during the period. Institutional investors and hedge funds own 86.02% of the company’s stock.
Shares of NASDAQ TRIP traded down $0.22 during mid-day trading on Friday, hitting $41.05. 43,420 shares of the company’s stock traded hands, compared to its average volume of 1,728,192. The company’s 50-day moving average is $40.41 and its two-hundred day moving average is $46.86. The company has a market capitalization of $5.70 billion, a P/E ratio of 39.03, a PEG ratio of 2.07 and a beta of 1.36. Tripadvisor Inc has a 1 year low of $35.41 and a 1 year high of $69.00.
In related news, insider Dermot Halpin sold 3,409 shares of the stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $40.23, for a total value of $137,144.07. Following the sale, the insider now directly owns 752 shares of the company’s stock, valued at approximately $30,252.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Ernst 02494 Teunissen sold 8,117 shares of the stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $45.60, for a total transaction of $370,135.20. Following the completion of the sale, the chief financial officer now directly owns 14,599 shares in the company, valued at $665,714.40. The disclosure for this sale can be found here. 3.50% of the stock is currently owned by corporate insiders.
Several brokerages recently weighed in on TRIP. Cowen set a $39.00 target price on shares of Tripadvisor and gave the stock a “sell” rating in a report on Friday, August 9th. UBS Group upgraded shares of Tripadvisor from a “sell” rating to a “neutral” rating and decreased their price target for the stock from $44.00 to $40.00 in a research note on Wednesday, September 4th. Barclays decreased their price target on shares of Tripadvisor from $70.00 to $64.00 and set an “overweight” rating on the stock in a research note on Friday, August 9th. SunTrust Banks upgraded shares of Tripadvisor from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a research note on Wednesday, June 19th. Finally, Cleveland Research started coverage on shares of Tripadvisor in a research note on Wednesday, June 19th. They issued a “neutral” rating on the stock. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $54.63.
Tripadvisor Company Profile
TripAdvisor, Inc operates as an online travel company. It operates in two segments, Hotel and Non-Hotel. The company operates TripAdvisor-branded Websites, including tripadvisor.com in the United States; and localized versions of the Website in 48 markets and 28 languages. It also manages and operates other travel media brands that provide users the comprehensive travel-planning and trip-taking resources in the travel industry, such as airfarewatchdog.com, bookingbuddy.com, cruisecritic.com, familyvacationcritic.com, flipkey.com, thefork.com, holidaywatchdog.com, housetrip.com, jetsetter.com, niumba.com, onetime.com, oyster.com, seatguru.com, smartertravel.com, tingo.com, vacationhomerentals.com, and viator.com, as well as www.bokun.io and holidaylettings.co.uk.
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