Raymond James Financial Services Advisors Inc. Sells 19,437 Shares of trivago (NASDAQ:TRVG)

Raymond James Financial Services Advisors Inc. lowered its stake in trivago (NASDAQ:TRVG – Get Rating) by 2.7% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 690,740 shares of the technology company’s stock after selling 19,437 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in trivago were worth $801,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Vanguard Personalized Indexing Management LLC raised its stake in shares of trivago by 89.5% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 20,981 shares of the technology company’s stock worth $31,000 after buying an additional 9,910 shares during the period. Bank of America Corp DE raised its stake in shares of trivago by 11,846.0% in the first quarter. Bank of America Corp DE now owns 11,946 shares of the technology company’s stock worth $28,000 after buying an additional 11,846 shares during the period. UBS Group AG bought a new position in shares of trivago in the second quarter worth about $40,000. Envestnet Asset Management Inc. bought a new position in shares of trivago in the second quarter worth about $55,000. Finally, Renaissance Technologies LLC raised its stake in shares of trivago by 21.6% in the second quarter. Renaissance Technologies LLC now owns 218,900 shares of the technology company’s stock worth $326,000 after buying an additional 38,844 shares during the period. Institutional investors own 10.89% of the company’s stock.

Analysts Set New Price Targets

TRVG has been the topic of several recent research reports. StockNews.com downgraded trivago from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 3rd. Morgan Stanley cut their target price on trivago from $2.10 to $2.00 and set an “equal weight” rating for the company in a research report on Thursday, November 17th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, trivago has an average rating of “Hold” and an average target price of $2.08.

trivago Trading Up 3.7 %

NASDAQ:TRVG opened at $1.66 on Monday. trivago has a 12-month low of $0.93 and a 12-month high of $2.76. The stock has a 50-day moving average price of $1.39 and a 200 day moving average price of $1.38. The stock has a market capitalization of $595.39 million, a P/E ratio of -4.74, a P/E/G ratio of 0.56 and a beta of 1.55.

trivago (NASDAQ:TRVG – Get Rating) last released its quarterly earnings results on Tuesday, November 1st. The technology company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.01). The firm had revenue of $185.15 million for the quarter, compared to analysts’ expectations of $182.85 million. trivago had a negative net margin of 22.44% and a positive return on equity of 6.00%. On average, research analysts predict that trivago will post 0.1 earnings per share for the current fiscal year.

About trivago

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trivago N.V., together with its subsidiaries, operates a hotel and accommodation search platform in the United States, Germany, the United Kingdom, and internationally. It offers an online meta-search for hotels and accommodation through online travel agencies, hotel chains, and independent hotels. The company provides access to its platform through 53 localized websites and apps in 31 languages.