Foxhaven Asset Management LP Buys 773,500 Shares of Trivago N.V. ADS (TRVG)
Foxhaven Asset Management LP increased its stake in shares of Trivago N.V. ADS (NASDAQ:TRVG) by 29.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,427,860 shares of the technology company’s stock after acquiring an additional 773,500 shares during the period. Trivago N.V. ADS comprises approximately 5.7% of Foxhaven Asset Management LP’s investment portfolio, making the stock its 5th largest holding. Foxhaven Asset Management LP owned 0.98% of Trivago N.V. ADS worth $81,103,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Creative Planning increased its position in Trivago N.V. ADS by 87.1% during the second quarter. Creative Planning now owns 4,360 shares of the technology company’s stock worth $103,000 after buying an additional 2,030 shares during the last quarter. Thompson Davis & CO. Inc. acquired a new position in Trivago N.V. ADS during the second quarter worth approximately $124,000. Parametric Portfolio Associates LLC acquired a new position in Trivago N.V. ADS during the first quarter worth approximately $161,000. Sei Investments Co. acquired a new position in Trivago N.V. ADS during the first quarter worth approximately $179,000. Finally, Independent Portfolio Consultants Inc. acquired a new position in Trivago N.V. ADS during the second quarter worth approximately $190,000. Institutional investors and hedge funds own 13.63% of the company’s stock.
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Trivago N.V. ADS (TRVG) traded up 0.63% during trading on Friday, hitting $11.24. The stock had a trading volume of 1,048,039 shares. Trivago N.V. ADS has a 1-year low of $10.43 and a 1-year high of $24.27. The firm has a market capitalization of $3.93 billion and a PE ratio of 42.10. The firm has a 50 day moving average price of $12.53 and a 200-day moving average price of $16.68.
Trivago N.V. ADS (NASDAQ:TRVG) last posted its quarterly earnings results on Friday, August 4th. The technology company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02). The company had revenue of $298.30 million for the quarter, compared to the consensus estimate of $293.16 million. The company’s revenue was up 66.6% on a year-over-year basis. On average, equities research analysts expect that Trivago N.V. ADS will post $0.04 EPS for the current year.
A number of equities analysts have weighed in on TRVG shares. J P Morgan Chase & Co reissued an “overweight” rating and set a $23.00 price target on shares of Trivago N.V. ADS in a research report on Wednesday, August 9th. Susquehanna Bancshares Inc reissued a “neutral” rating and set a $21.00 price target (down previously from $23.00) on shares of Trivago N.V. ADS in a research report on Wednesday, August 9th. Morgan Stanley reissued an “overweight” rating and set a $25.00 price target on shares of Trivago N.V. ADS in a research report on Saturday, July 22nd. Zacks Investment Research raised Trivago N.V. ADS from a “sell” rating to a “hold” rating in a research report on Friday, September 8th. Finally, Cowen and Company reissued a “hold” rating and set a $20.00 price target on shares of Trivago N.V. ADS in a research report on Tuesday, July 11th. Eleven investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Trivago N.V. ADS presently has an average rating of “Hold” and an average target price of $17.64.
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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