Goldman Sachs Group Inc. decreased its stake in Trivago N.V. ADS (NASDAQ:TRVG) by 34.5% during the first quarter, Holdings Channel reports. The institutional investor owned 86,186 shares of the technology company’s stock after selling 45,414 shares during the period. Goldman Sachs Group Inc.’s holdings in Trivago N.V. ADS were worth $1,123,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. UBS Group AG increased its position in shares of Trivago N.V. ADS by 1,645.1% in the first quarter. UBS Group AG now owns 51,235 shares of the technology company’s stock valued at $668,000 after buying an additional 48,299 shares in the last quarter. Morgan Stanley increased 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 valued at $7,551,000 after buying an additional 243,633 shares in the last quarter. Kornitzer Capital Management Inc. KS increased its position in shares of Trivago N.V. ADS by 4.8% in the first quarter. Kornitzer Capital Management Inc. KS now owns 104,810 shares of the technology company’s stock valued at $1,366,000 after buying an additional 4,810 shares in the last quarter. Macquarie Group Ltd. bought a new position in shares of Trivago N.V. ADS during the fourth quarter valued at about $246,000. Finally, Sei Investments Co. bought a new position in shares of Trivago N.V. ADS during the first quarter valued at about $179,000. Hedge funds and other institutional investors own 11.69% of the company’s stock.

Trivago N.V. ADS (NASDAQ:TRVG) traded up 0.06% during mid-day trading on Friday, reaching $16.09. 417,549 shares of the company’s stock traded hands. The company has a 50-day moving average of $21.36 and a 200-day moving average of $16.43. The company has a market capitalization of $5.63 billion and a price-to-earnings ratio of 61.41. Trivago N.V. ADS has a 52-week low of $10.88 and a 52-week high of $24.27.

Trivago N.V. ADS (NASDAQ:TRVG) last posted its earnings results on Friday, August 4th. The technology company reported ($0.01) earnings per share (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 analyst estimates of $293.16 million. The company’s revenue for the quarter was up 66.6% compared to the same quarter last year. Equities research analysts expect that Trivago N.V. ADS will post $0.09 EPS for the current year.

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Several research analysts recently issued reports on TRVG shares. Zacks Investment Research upgraded Trivago N.V. ADS from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a research report on Wednesday, April 26th. Morgan Stanley restated an “overweight” rating and set a $25.00 price objective on shares of Trivago N.V. ADS in a research report on Saturday, July 22nd. Wells Fargo & Company started coverage on Trivago N.V. ADS in a research report on Wednesday, July 12th. They set a “market perform” rating and a $23.00 price objective for the company. Bank of America Corporation restated a “neutral” rating and set a $24.00 price objective (up from $18.00) on shares of Trivago N.V. ADS in a research report on Wednesday, May 17th. Finally, ValuEngine upgraded Trivago N.V. ADS from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price 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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Institutional Ownership by Quarter for Trivago N.V. ADS (NASDAQ:TRVG)

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