Lord Abbett & CO. LLC Acquires New Position in Trivago N.V. ADS (TRVG)

Lord Abbett & CO. LLC acquired a new stake in Trivago N.V. ADS (NASDAQ:TRVG) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 179,318 shares of the technology company’s stock, valued at approximately $4,243,000. Lord Abbett & CO. LLC owned 0.05% of Trivago N.V. ADS as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Cetera Investment Advisers bought a new stake in Trivago N.V. ADS in the second quarter valued at approximately $210,000. Foxhaven Asset Management LP raised its stake in Trivago N.V. ADS by 29.1% in the second quarter. Foxhaven Asset Management LP now owns 3,427,860 shares of the technology company’s stock valued at $81,103,000 after buying an additional 773,500 shares during the period. Steadfast Capital Management LP raised its stake in Trivago N.V. ADS by 427.9% in the second quarter. Steadfast Capital Management LP now owns 2,903,957 shares of the technology company’s stock valued at $68,708,000 after buying an additional 2,353,883 shares during the period. Symmetry Peak Management LLC raised its stake in Trivago N.V. ADS by 24.1% in the second quarter. Symmetry Peak Management LLC now owns 90,000 shares of the technology company’s stock valued at $2,129,000 after buying an additional 17,500 shares during the period. Finally, Balyasny Asset Management LLC bought a new stake in Trivago N.V. ADS in the second quarter valued at approximately $2,597,000. Hedge funds and other institutional investors own 13.20% of the company’s stock.

TRVG has been the topic of several research analyst reports. Cowen and Company restated a “hold” rating and issued a $20.00 price objective on shares of Trivago N.V. ADS in a research note on Tuesday, July 11th. Wells Fargo & Company initiated coverage on Trivago N.V. ADS in a research note on Wednesday, July 12th. They issued a “market perform” rating and a $23.00 price objective on the stock. Zacks Investment Research lowered Trivago N.V. ADS from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Morgan Stanley restated an “overweight” rating and issued a $25.00 price objective on shares of Trivago N.V. ADS in a research note on Saturday, July 22nd. Finally, Deutsche Bank AG restated a “hold” rating and issued a $24.00 price objective (up previously from $19.00) on shares of Trivago N.V. ADS in a research note on Wednesday, July 26th. One equities research analyst has rated the stock with a sell rating and eleven have given a hold rating to the stock. Trivago N.V. ADS currently has an average rating of “Hold” and a consensus price target of $16.00.

Trivago N.V. ADS (NASDAQ:TRVG) opened at 7.42 on Tuesday. The stock’s 50 day moving average price is $10.62 and its 200-day moving average price is $16.43. The company has a market cap of $2.60 billion and a price-to-earnings ratio of 27.79. Trivago N.V. ADS has a 52 week low of $7.34 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, beating the consensus estimate of ($0.04) by $0.02. The firm had revenue of $287.90 million during the quarter, compared to analysts’ expectations of $286.07 million. During the same quarter in the previous year, the company posted ($0.01) EPS. Trivago N.V. ADS’s revenue for the quarter was up 16.7% on a year-over-year basis. On average, equities research analysts forecast that Trivago N.V. ADS will post $0.03 earnings per share for the current fiscal year.

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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.

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

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