trivago (NASDAQ:TRVG) Sees Strong Trading Volume

trivago (NASDAQ:TRVG) saw strong trading volume on Monday . 213,388 shares were traded during trading, an increase of 151% from the previous session’s volume of 84,951 shares.The stock last traded at $2.83 and had previously closed at $2.81.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Citigroup lowered their target price on shares of trivago from $6.25 to $5.80 in a research note on Friday, September 8th. DA Davidson decreased their price objective on trivago from $6.75 to $6.50 and set a “neutral” rating for the company in a report on Thursday, August 3rd. Finally, StockNews.com downgraded trivago from a “buy” rating to a “hold” rating in a report on Friday. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $7.76.

trivago Price Performance

The firm has a market capitalization of $967.24 million, a P/E ratio of -5.66 and a beta of 1.68. The stock’s fifty day simple moving average is $5.10 and its 200 day simple moving average is $5.78.

trivago Dividend Announcement

The company also recently announced a — dividend, which was paid on Monday, November 13th. Shareholders of record on Friday, November 3rd were issued a $2.8138 dividend. The ex-dividend date was Tuesday, November 14th.

Hedge Funds Weigh In On trivago

Several hedge funds have recently modified their holdings of TRVG. Penn Capital Management Company LLC acquired a new position in shares of trivago during the first quarter valued at about $2,418,000. Acadian Asset Management LLC increased its holdings in shares of trivago by 99.6% during the first quarter. Acadian Asset Management LLC now owns 1,503,807 shares of the technology company’s stock valued at $2,250,000 after acquiring an additional 750,332 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of trivago by 476.3% during the first quarter. Envestnet Asset Management Inc. now owns 851,877 shares of the technology company’s stock valued at $1,178,000 after acquiring an additional 704,062 shares in the last quarter. Renaissance Group LLC acquired a new position in shares of trivago during the first quarter valued at about $1,135,000. Finally, Morgan Stanley increased its holdings in shares of trivago by 16.1% during the fourth quarter. Morgan Stanley now owns 1,494,165 shares of the technology company’s stock valued at $2,017,000 after acquiring an additional 207,167 shares in the last quarter. Institutional investors and hedge funds own 10.33% of the company’s stock.

About trivago

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 travel search for different types of accommodations, such as hotels, vacation rentals, and private apartments; and enable advertiser access through website and apps.