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

Mitsubishi UFJ Trust & Banking Corp raised its position in Tripadvisor, Inc. (NASDAQ:TRIP - Free Report) by 60.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 138,713 shares of the travel company's stock after acquiring an additional 52,026 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.10% of Tripadvisor worth $2,049,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. increased its holdings in Tripadvisor by 4.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,199,339 shares of the travel company's stock valued at $17,378,000 after purchasing an additional 55,115 shares during the period. Citigroup Inc. increased its stake in shares of Tripadvisor by 34.4% during the third quarter. Citigroup Inc. now owns 258,119 shares of the travel company's stock valued at $3,740,000 after buying an additional 66,042 shares during the period. Cerity Partners LLC raised its holdings in shares of Tripadvisor by 154.1% during the third quarter. Cerity Partners LLC now owns 36,493 shares of the travel company's stock valued at $529,000 after acquiring an additional 22,133 shares in the last quarter. Verition Fund Management LLC purchased a new stake in Tripadvisor in the third quarter worth $714,000. Finally, True Wealth Design LLC purchased a new position in Tripadvisor during the 3rd quarter valued at $27,000. 98.99% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. DA Davidson reaffirmed a "neutral" rating and issued a $16.00 target price on shares of Tripadvisor in a research report on Thursday, February 20th. UBS Group reaffirmed a "neutral" rating on shares of Tripadvisor in a research report on Tuesday, February 4th. Cantor Fitzgerald decreased their target price on Tripadvisor from $14.00 to $13.00 and set an "underweight" rating for the company in a research report on Friday, February 21st. Wedbush restated a "neutral" rating and set a $17.00 price target on shares of Tripadvisor in a research report on Thursday, December 19th. Finally, StockNews.com raised Tripadvisor from a "hold" rating to a "buy" rating in a research note on Monday, February 24th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $17.57.

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Tripadvisor Stock Down 9.3 %

TRIP stock traded down $1.33 during midday trading on Thursday, hitting $12.98. The company's stock had a trading volume of 4,198,535 shares, compared to its average volume of 2,391,016. The firm's 50-day moving average is $15.77 and its 200-day moving average is $15.07. The company has a current ratio of 2.10, a quick ratio of 1.85 and a debt-to-equity ratio of 0.93. Tripadvisor, Inc. has a 12 month low of $12.93 and a 12 month high of $28.15. The company has a market cap of $1.82 billion, a PE ratio of 649.32, a P/E/G ratio of 9.01 and a beta of 1.35.

Tripadvisor (NASDAQ:TRIP - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The travel company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.08). Tripadvisor had a return on equity of 9.02% and a net margin of 0.33%. The business had revenue of $411.00 million during the quarter, compared to the consensus estimate of $400.02 million. On average, equities research analysts forecast that Tripadvisor, Inc. will post 0.46 earnings per share for the current fiscal year.

Tripadvisor 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.