Trivago NV – (NASDAQ:TRVG) Holdings Lifted by Wells Fargo & Company MN

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Wells Fargo & Company MN grew its position in Trivago NV – (NASDAQ:TRVG) by 8.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 43,105 shares of the technology company’s stock after purchasing an additional 3,511 shares during the period. Wells Fargo & Company MN’s holdings in Trivago were worth $181,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. SG Americas Securities LLC bought a new position in Trivago in the 2nd quarter worth about $44,000. Westfield Capital Management Co. LP boosted its holdings in shares of Trivago by 28.2% in the first quarter. Westfield Capital Management Co. LP now owns 90,900 shares of the technology company’s stock valued at $393,000 after acquiring an additional 20,000 shares in the last quarter. Nwam LLC bought a new position in shares of Trivago in the second quarter valued at approximately $99,000. Marshall Wace North America L.P. boosted its holdings in shares of Trivago by 4,997.0% in the first quarter. Marshall Wace North America L.P. now owns 201,281 shares of the technology company’s stock valued at $869,000 after acquiring an additional 197,332 shares in the last quarter. Finally, Marshall Wace LLP bought a new position in shares of Trivago in the first quarter valued at approximately $3,989,000. Hedge funds and other institutional investors own 11.38% of the company’s stock.

Trivago stock opened at $3.81 on Friday. The firm has a 50 day simple moving average of $4.37 and a 200-day simple moving average of $4.27. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.27 and a quick ratio of 3.27. The stock has a market capitalization of $1.30 billion, a PE ratio of 33.54, a price-to-earnings-growth ratio of 4.53 and a beta of 0.78. Trivago NV – has a 12-month low of $3.41 and a 12-month high of $7.54.

Trivago (NASDAQ:TRVG) last posted its quarterly earnings data on Wednesday, July 24th. The technology company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.01. The business had revenue of $223.40 million during the quarter, compared to analysts’ expectations of $218.28 million. Trivago had a net margin of 4.27% and a return on equity of 4.10%. The business’s revenue was down 4.9% on a year-over-year basis. During the same period last year, the firm posted ($0.06) earnings per share. On average, analysts forecast that Trivago NV – will post 0.1 earnings per share for the current fiscal year.

Several research firms have recently issued reports on TRVG. BidaskClub cut shares of Trivago from a “sell” rating to a “strong sell” rating in a report on Saturday, October 5th. ValuEngine upgraded shares of Trivago from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. Finally, Zacks Investment Research cut shares of Trivago from a “buy” rating to a “hold” rating in a report on Friday, October 4th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $5.38.

Trivago Profile

trivago N.V., together with its subsidiaries, operates as a hotel and accommodation search platform. It offers online meta-search for hotels by facilitating consumers' search for hotel accommodation through online travel agents, hotel chains, and independent hotels. The company provides access to its platform through 55 localized Websites and apps in 33 languages.

Further Reading: The limitations of an equal weight rating

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Institutional Ownership by Quarter for Trivago (NASDAQ:TRVG)

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