Penserra Capital Management LLC lifted its stake in Trivago NV – (NASDAQ:TRVG) by 262.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 277,831 shares of the technology company’s stock after purchasing an additional 201,096 shares during the quarter. Penserra Capital Management LLC’s holdings in Trivago were worth $1,900,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Artisan Partners Limited Partnership acquired a new stake in shares of Trivago in the 3rd quarter worth approximately $6,954,000. TCW Group Inc. lifted its stake in shares of Trivago by 1.5% in the 3rd quarter. TCW Group Inc. now owns 468,000 shares of the technology company’s stock worth $5,078,000 after acquiring an additional 7,042 shares during the period. Granahan Investment Management Inc. MA lifted its stake in shares of Trivago by 13.3% in the 3rd quarter. Granahan Investment Management Inc. MA now owns 339,322 shares of the technology company’s stock worth $3,682,000 after acquiring an additional 39,882 shares during the period. Lord Abbett & CO. LLC acquired a new stake in shares of Trivago in the 2nd quarter worth approximately $4,243,000. Finally, Ameriprise Financial Inc. acquired a new stake in shares of Trivago in the 2nd quarter worth approximately $4,186,000. 7.95% of the stock is owned by institutional investors.

Shares of Trivago NV – (TRVG) opened at $7.75 on Wednesday. Trivago NV – has a one year low of $6.45 and a one year high of $24.27.

Trivago (NASDAQ:TRVG) last issued its quarterly earnings results on Wednesday, February 7th. The technology company reported ($0.03) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.01). The firm had revenue of $181.54 million during the quarter, compared to analysts’ expectations of $183.13 million. Trivago had a negative net margin of 1.30% and a negative return on equity of 1.57%. The business’s revenue was up 7.3% on a year-over-year basis. equities analysts expect that Trivago NV – will post -0.07 earnings per share for the current year.

TRVG has been the subject of several recent research reports. Deutsche Bank raised shares of Trivago from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a research note on Friday, December 8th. Citigroup raised shares of Trivago from a “neutral” rating to a “buy” rating and set a $9.00 target price for the company in a research note on Tuesday, November 7th. Zacks Investment Research lowered shares of Trivago from a “hold” rating to a “sell” rating in a research note on Wednesday, December 27th. SunTrust Banks initiated coverage on shares of Trivago in a research note on Tuesday, January 23rd. They set a “hold” rating for the company. Finally, Cowen set a $6.00 target price on shares of Trivago and gave the company a “hold” rating in a research note on Monday, December 11th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the company. Trivago currently has a consensus rating of “Hold” and an average target price of $14.64.

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About Trivago

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 (NASDAQ:TRVG)

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