Econ Financial Services Corp Raises Stake in Trivago NV – (NASDAQ:TRVG)

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Econ Financial Services Corp lifted its stake in shares of Trivago NV – (NASDAQ:TRVG) by 165.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,670 shares of the technology company’s stock after purchasing an additional 17,237 shares during the quarter. Econ Financial Services Corp’s holdings in Trivago were worth $120,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in TRVG. Norges Bank purchased a new stake in shares of Trivago during the fourth quarter worth approximately $3,608,000. Penserra Capital Management LLC purchased a new stake in shares of Trivago during the fourth quarter worth approximately $3,601,000. Two Sigma Investments LP purchased a new stake in shares of Trivago during the fourth quarter worth approximately $1,672,000. Kornitzer Capital Management Inc. KS purchased a new stake in shares of Trivago during the fourth quarter worth approximately $844,000. Finally, Two Sigma Advisers LP purchased a new stake in shares of Trivago during the fourth quarter worth approximately $491,000. Institutional investors and hedge funds own 9.68% of the company’s stock.

Shares of TRVG traded up $0.09 during trading hours on Tuesday, reaching $3.77. 217,525 shares of the company traded hands, compared to its average volume of 499,395. The company has a quick ratio of 3.50, a current ratio of 3.50 and a debt-to-equity ratio of 0.11. The firm has a market cap of $1.32 billion, a P/E ratio of -53.86, a PEG ratio of 5.59 and a beta of 0.60. Trivago NV – has a fifty-two week low of $3.41 and a fifty-two week high of $7.54.

Trivago (NASDAQ:TRVG) last posted its quarterly earnings data on Wednesday, May 1st. The technology company reported $0.02 EPS for the quarter, meeting analysts’ consensus estimates of $0.02. The business had revenue of $208.76 million for the quarter, compared to analyst estimates of $239.60 million. Trivago had a return on equity of 0.93% and a net margin of 0.94%. The business’s revenue for the quarter was down 19.5% compared to the same quarter last year. During the same quarter last year, the company earned ($0.06) earnings per share. As a group, equities analysts expect that Trivago NV – will post 0.09 EPS for the current fiscal year.

Several research firms have weighed in on TRVG. SunTrust Banks reissued a “hold” rating and issued a $6.00 target price on shares of Trivago in a report on Tuesday, May 21st. Wedbush set a $5.00 target price on Trivago and gave the company a “hold” rating in a report on Thursday, May 2nd. Guggenheim raised Trivago from a “neutral” rating to a “buy” rating and set a $5.50 target price on the stock in a report on Tuesday, April 23rd. Zacks Investment Research raised Trivago from a “hold” rating to a “buy” rating and set a $4.75 target price on the stock in a report on Thursday, April 11th. Finally, BidaskClub lowered Trivago from a “sell” rating to a “strong sell” rating in a report on Friday, February 22nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $5.31.

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About Trivago

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.

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Institutional Ownership by Quarter for Trivago (NASDAQ:TRVG)

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