Morgan Stanley raised its stake in shares of Trivago N.V. ADS (NASDAQ:TRVG) by 72.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 579,453 shares of the technology company’s stock after buying an additional 243,633 shares during the period. Morgan Stanley owned 0.24% of Trivago N.V. ADS worth $7,551,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in TRVG. Norges Bank acquired a new position in Trivago N.V. ADS during the fourth quarter valued at approximately $20,562,000. Macquarie Group Ltd. acquired a new position in Trivago N.V. ADS during the fourth quarter valued at approximately $246,000. Acadian Asset Management LLC acquired a new position in Trivago N.V. ADS during the first quarter valued at approximately $2,949,000. Kornitzer Capital Management Inc. KS raised its position in 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 during the period. Finally, First Foundation Advisors acquired a new position in Trivago N.V. ADS during the first quarter valued at approximately $521,000. Institutional investors and hedge funds own 11.85% of the company’s stock.
Trivago N.V. ADS (NASDAQ:TRVG) traded up 1.46% during midday trading on Wednesday, hitting $21.59. 104,851 shares of the stock traded hands. Trivago N.V. ADS has a 52-week low of $10.88 and a 52-week high of $24.27. The firm has a market cap of $5.16 billion and a PE ratio of 771.07. The stock has a 50-day moving average of $21.49 and a 200 day moving average of $16.20.
Trivago N.V. ADS (NASDAQ:TRVG) last released its earnings results on Monday, May 15th. The technology company reported $0.02 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.02. The business had revenue of $267.60 million for the quarter, compared to analysts’ expectations of $247.62 million. The firm’s revenue for the quarter was up 67.9% compared to the same quarter last year. Equities analysts forecast that Trivago N.V. ADS will post $0.12 EPS for the current year.
Several equities analysts have commented on TRVG shares. Zacks Investment Research upgraded shares of 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. Cowen and Company increased their price objective on shares of Trivago N.V. ADS from $13.00 to $15.00 and gave the company a “market perform” rating in a research report on Friday, April 28th. Bank of America Corporation reiterated a “neutral” rating and set a $24.00 price objective (up previously from $18.00) on shares of Trivago N.V. ADS in a research report on Wednesday, May 17th. Susquehanna Bancshares Inc reiterated a “neutral” rating and set a $23.00 price objective (up previously from $14.00) on shares of Trivago N.V. ADS in a research report on Wednesday, May 17th. Finally, ValuEngine upgraded shares of Trivago N.V. ADS from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Trivago N.V. ADS presently has an average rating of “Hold” and a consensus target price of $21.10.
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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