TRVG Stock: Northern Trust Corp Purchases New Stake in Trivago N.V. ADS

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Northern Trust Corp purchased a new position in shares of Trivago N.V. ADS (NASDAQ:TRVG) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 37,900 shares of the technology company’s stock, valued at approximately $897,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Creative Planning lifted its holdings in shares of Trivago N.V. ADS by 87.1% in the 2nd quarter. Creative Planning now owns 4,360 shares of the technology company’s stock valued at $103,000 after buying an additional 2,030 shares during the period. Thompson Davis & CO. Inc. acquired a new position in shares of Trivago N.V. ADS in the 2nd quarter valued at about $124,000. D.A. Davidson & CO. acquired a new position in shares of Trivago N.V. ADS in the 2nd quarter valued at about $190,000. AGF Investments Inc. acquired a new position in shares of Trivago N.V. ADS in the 2nd quarter valued at about $342,000. Finally, Crawford Lake Capital Management LLC acquired a new position in shares of Trivago N.V. ADS in the 2nd quarter valued at about $684,000. 8.20% of the stock is owned by institutional investors.

Shares of Trivago N.V. ADS (TRVG) opened at $6.65 on Friday. Trivago N.V. ADS has a 52 week low of $6.45 and a 52 week high of $24.27.

Trivago N.V. ADS (NASDAQ:TRVG) last posted its quarterly earnings data on Wednesday, October 25th. The technology company reported ($0.02) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.04) by $0.02. The firm had revenue of $287.90 million for the quarter, compared to analysts’ expectations of $286.07 million. During the same quarter last year, the firm posted ($0.01) earnings per share. Trivago N.V. ADS’s quarterly revenue was up 16.7% on a year-over-year basis.

A number of research firms recently weighed in on TRVG. Deutsche Bank raised Trivago N.V. ADS from a “hold” rating to a “buy” rating in a report on Friday. Zacks Investment Research raised Trivago N.V. ADS from a “sell” rating to a “hold” rating in a report on Wednesday, November 8th. Citigroup raised Trivago N.V. ADS from a “neutral” rating to a “buy” rating and set a $9.00 price target for the company in a report on Tuesday, November 7th. Morgan Stanley reduced their price target on Trivago N.V. ADS from $12.00 to $8.00 and set an “equal weight” rating for the company in a report on Thursday, October 26th. Finally, Bank of America cut Trivago N.V. ADS from a “neutral” rating to an “underperform” rating and set a $14.00 price target for the company. in a report on Thursday, October 26th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. Trivago N.V. ADS currently has a consensus rating of “Hold” and an average price target of $16.00.

Trivago N.V. ADS 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.

Institutional Ownership by Quarter for Trivago N.V. ADS (NASDAQ:TRVG)

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