Sumitomo Mitsui Trust Holdings Inc. Acquires 2,206 Shares of Tripadvisor Inc (TRIP)

Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of Tripadvisor Inc (NASDAQ:TRIP) by 0.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 343,934 shares of the travel company’s stock after buying an additional 2,206 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.25% of Tripadvisor worth $17,565,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Advisory Services Network LLC lifted its position in Tripadvisor by 10,215.8% in the second quarter. Advisory Services Network LLC now owns 1,960 shares of the travel company’s stock valued at $119,000 after purchasing an additional 1,941 shares during the period. NumerixS Investment Technologies Inc acquired a new stake in Tripadvisor in the second quarter valued at about $133,000. Tower Research Capital LLC TRC lifted its position in Tripadvisor by 72.5% in the second quarter. Tower Research Capital LLC TRC now owns 2,728 shares of the travel company’s stock valued at $152,000 after purchasing an additional 1,147 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd. lifted its position in Tripadvisor by 200.0% in the second quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 3,000 shares of the travel company’s stock valued at $167,000 after purchasing an additional 2,000 shares during the period. Finally, Advisors Preferred LLC acquired a new stake in Tripadvisor in the second quarter valued at about $175,000. Institutional investors and hedge funds own 90.14% of the company’s stock.

Shares of TRIP opened at $58.65 on Monday. Tripadvisor Inc has a 1-year low of $33.62 and a 1-year high of $69.00. The company has a market cap of $8.07 billion, a PE ratio of 122.19, a price-to-earnings-growth ratio of 3.28 and a beta of 1.48.

Tripadvisor (NASDAQ:TRIP) last issued its quarterly earnings data on Wednesday, November 7th. The travel company reported $0.72 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.24. Tripadvisor had a net margin of 1.38% and a return on equity of 7.46%. The business had revenue of $458.00 million during the quarter, compared to analysts’ expectations of $469.09 million. During the same period last year, the company posted $0.36 EPS. The company’s revenue was up 4.3% on a year-over-year basis. As a group, research analysts predict that Tripadvisor Inc will post 1.12 earnings per share for the current year.

In other news, insider Noel Bertram Watson sold 723 shares of the firm’s stock in a transaction that occurred on Monday, November 12th. The shares were sold at an average price of $63.30, for a total transaction of $45,765.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 3.10% of the company’s stock.

A number of equities research analysts recently commented on TRIP shares. BidaskClub upgraded shares of Tripadvisor from a “hold” rating to a “buy” rating in a research report on Thursday, November 1st. Zacks Investment Research raised shares of Tripadvisor from a “hold” rating to a “strong-buy” rating and set a $72.00 target price for the company in a report on Saturday, November 17th. Wedbush set a $48.00 target price on shares of Tripadvisor and gave the company a “hold” rating in a report on Sunday, August 5th. ValuEngine raised shares of Tripadvisor from a “hold” rating to a “buy” rating in a report on Tuesday, September 4th. Finally, Credit Suisse Group raised shares of Tripadvisor from an “underperform” rating to a “neutral” rating and increased their target price for the company from $44.00 to $51.00 in a report on Thursday, October 25th. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $55.71.

TRADEMARK VIOLATION WARNING: “Sumitomo Mitsui Trust Holdings Inc. Acquires 2,206 Shares of Tripadvisor Inc (TRIP)” was originally reported by WKRB News and is owned by of WKRB News. If you are viewing this piece of content on another publication, it was stolen and republished in violation of United States & international trademark & copyright legislation. The legal version of this piece of content can be read at https://www.wkrb13.com/2018/11/26/sumitomo-mitsui-trust-holdings-inc-acquires-2206-shares-of-tripadvisor-inc-trip.html.

About Tripadvisor

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.

Featured Story: What is systematic risk?

Want to see what other hedge funds are holding TRIP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tripadvisor Inc (NASDAQ:TRIP).

Institutional Ownership by Quarter for Tripadvisor (NASDAQ:TRIP)

Receive News & Ratings for Tripadvisor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tripadvisor and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply