Insight Capital Research & Management Inc. acquired a new stake in Trivago N.V. ADS (NASDAQ:TRVG) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 63,808 shares of the technology company’s stock, valued at approximately $1,510,000.
Several other hedge funds have also recently bought and sold shares of TRVG. Foxhaven Asset Management LP increased its stake in shares of Trivago N.V. ADS by 127.1% in the first quarter. Foxhaven Asset Management LP now owns 2,654,360 shares of the technology company’s stock worth $34,586,000 after buying an additional 1,485,560 shares during the period. Norges Bank acquired a new position in shares of Trivago N.V. ADS during the fourth quarter worth about $20,562,000. Morgan Stanley boosted its position in shares of Trivago N.V. ADS by 72.5% in the first quarter. Morgan Stanley now owns 579,453 shares of the technology company’s stock worth $7,551,000 after buying an additional 243,633 shares in the last quarter. Sylebra HK Co Ltd acquired a new position in shares of Trivago N.V. ADS during the first quarter worth about $7,246,000. Finally, TCW Group Inc. boosted its stake in shares of Trivago N.V. ADS by 350.1% in the first quarter. TCW Group Inc. now owns 544,191 shares of the technology company’s stock worth $7,091,000 after buying an additional 423,291 shares during the period. 11.69% of the stock is owned by institutional investors and hedge funds.
Trivago N.V. ADS (NASDAQ TRVG) traded up 2.05% on Friday, reaching $16.41. 1,056,701 shares of the company traded hands. The stock has a market capitalization of $5.74 billion and a PE ratio of 62.63. The firm has a 50 day moving average of $21.26 and a 200-day moving average of $16.47. Trivago N.V. ADS has a one year low of $10.88 and a one year high of $24.27.
Trivago N.V. ADS (NASDAQ:TRVG) last issued its quarterly earnings results on Friday, August 4th. The technology company reported ($0.01) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.01 by $0.02. The firm had revenue of $298.30 million during the quarter, compared to analysts’ expectations of $293.16 million. The firm’s quarterly revenue was up 66.6% on a year-over-year basis. On average, analysts anticipate that Trivago N.V. ADS will post $0.09 EPS for the current year.
A number of equities research analysts recently issued reports on the stock. Zacks Investment Research cut shares of Trivago N.V. ADS from a “buy” rating to a “hold” rating in a research report on Saturday. Cowen and Company reiterated a “market perform” rating and set a $18.00 target price (down previously from $20.00) on shares of Trivago N.V. ADS in a research report on Wednesday. Susquehanna Bancshares Inc reiterated a “neutral” rating and set a $21.00 target price (down previously from $23.00) on shares of Trivago N.V. ADS in a research report on Wednesday. J P Morgan Chase & Co reiterated an “overweight” rating and set a $23.00 target price on shares of Trivago N.V. ADS in a research report on Wednesday. Finally, Citigroup Inc. lowered their price objective on shares of Trivago N.V. ADS from $25.00 to $19.00 and set a “neutral” rating for the company in a research report on Monday, August 7th. Nine investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Trivago N.V. ADS currently has an average rating of “Hold” and an average price target of $21.18.
Trivago N.V. ADS Company Profile
Trivago NV is a company based in the Netherlands that operates an online hotel search platform. The platform allows users to search for, compare and book hotels. It gathers information from various third parties’ platforms and provides information about the hotel, pictures, ratings, reviews and filters, such as price, location and extra options.
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