Liberty TripAdvisor Holdings Inc. (LTRPA) Sees Unusually-High Trading Volume
Liberty TripAdvisor Holdings Inc. (NASDAQ:LTRPA) saw unusually-high trading volume on Wednesday . Approximately 843,109 shares changed hands during mid-day trading, an increase of 13% from the previous session’s volume of 745,190 shares.The stock last traded at $23.25 and had previously closed at $23.50.
Separately, Zacks Investment Research upgraded Liberty TripAdvisor Holdings from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research note on Saturday, June 4th.
The stock’s market capitalization is $1.73 billion. The company’s 50 day moving average price is $22.47 and its 200-day moving average price is $22.26.
A number of hedge funds recently made changes to their positions in LTRPA. Columbia Wanger Asset Management LLC bought a new stake in shares of Liberty TripAdvisor Holdings during the fourth quarter valued at about $53,313,000. State of Wisconsin Investment Board bought a new stake in shares of Liberty TripAdvisor Holdings during the fourth quarter valued at about $11,153,000. Dimensional Fund Advisors LP boosted its stake in Liberty TripAdvisor Holdings by 17.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,164,883 shares of the company’s stock worth $65,685,000 after buying an additional 327,670 shares during the last quarter. Sei Investments Co. boosted its stake in Liberty TripAdvisor Holdings by 353.0% in the fourth quarter. Sei Investments Co. now owns 228,584 shares of the company’s stock worth $6,935,000 after buying an additional 178,128 shares during the last quarter. Finally, Brown Advisory Inc. boosted its stake in Liberty TripAdvisor Holdings by 12.0% in the fourth quarter. Brown Advisory Inc. now owns 1,176,376 shares of the company’s stock worth $35,692,000 after buying an additional 126,094 shares during the last quarter.
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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