Liberty TripAdvisor Holdings Inc. (LTRPA) Upgraded to Buy by Zacks Investment Research
Zacks Investment Research upgraded shares of Liberty TripAdvisor Holdings Inc. (NASDAQ:LTRPA) from a hold rating to a buy rating in a research note released on Wednesday morning. They currently have $25.00 target price on the stock.
According to Zacks, “Liberty TripAdvisor Holdings, Inc.’s businesses consist of its subsidiaries TripAdvisor and BuySeasons. TripAdvisor is an online travel community, aggregating reviews and opinions from its community of travelers about destinations, accommodations, restaurants and activities throughout the world. BuySeasons is an online retailer of costumes and party supplies. Liberty TripAdvisor Holdings, Inc. is based in Englewood, Colorado. “
Shares of Liberty TripAdvisor Holdings (NASDAQ:LTRPA) traded down 0.77% on Wednesday, hitting $21.97. 29,682 shares of the stock traded hands. The company’s market cap is $1.65 billion. The firm’s 50 day moving average is $21.15 and its 200-day moving average is $21.90. Liberty TripAdvisor Holdings has a 12 month low of $17.23 and a 12 month high of $32.01.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Jackson Square Partners LLC boosted its stake in Liberty TripAdvisor Holdings by 61.9% in the first quarter. Jackson Square Partners LLC now owns 3,963,354 shares of the company’s stock worth $87,827,000 after buying an additional 1,515,257 shares in the last quarter. HBK Investments L P boosted its stake in Liberty TripAdvisor Holdings by 170.7% in the first quarter. HBK Investments L P now owns 93,934 shares of the company’s stock worth $2,082,000 after buying an additional 59,234 shares in the last quarter. Bogle Investment Management L P DE bought a new stake in Liberty TripAdvisor Holdings during the first quarter worth approximately $8,168,000. Goldman Sachs Group Inc. boosted its stake in Liberty TripAdvisor Holdings by 9.4% in the first quarter. Goldman Sachs Group Inc. now owns 628,400 shares of the company’s stock worth $13,926,000 after buying an additional 54,172 shares in the last quarter. Finally, State Street Corp boosted its stake in Liberty TripAdvisor Holdings by 14.3% in the first quarter. State Street Corp now owns 1,806,026 shares of the company’s stock worth $40,028,000 after buying an additional 226,156 shares in the last quarter. Institutional investors and hedge funds own 94.98% of the company’s stock.
About Liberty TripAdvisor Holdings
Liberty TripAdvisor Holdings, Inc (TripCo) is a holding company. The Company, through its ownership of interests in subsidiaries and other companies, is engaged in the online travel research and online commerce industries. TripCo holds the subsidiaries TripAdvisor, Inc (TripAdvisor) and BuySeasons, Inc, which includes the retail businesses of BuyCostumes.com and Celebrate Express (BuySeasons), both of which operate as standalone operating entities.
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