PSquared Asset Management AG cut its position in shares of Trivago N.V. ADS (NASDAQ:TRVG) by 55.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 311,528 shares of the technology company’s stock after selling 392,461 shares during the period. Trivago N.V. ADS comprises 1.8% of PSquared Asset Management AG’s investment portfolio, making the stock its 6th largest position. PSquared Asset Management AG owned approximately 0.13% of Trivago N.V. ADS worth $7,371,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of TRVG. Creative Planning increased its stake in Trivago N.V. ADS by 87.1% in the second quarter. Creative Planning now owns 4,360 shares of the technology company’s stock worth $103,000 after buying an additional 2,030 shares during the period. Independent Portfolio Consultants Inc. acquired a new stake in Trivago N.V. ADS during the second quarter worth $190,000. Edge Wealth Management LLC acquired a new stake in Trivago N.V. ADS during the second quarter worth $218,000. Rehmann Capital Advisory Group acquired a new stake in Trivago N.V. ADS during the second quarter worth $251,000. Finally, Parametric Portfolio Associates LLC acquired a new stake in Trivago N.V. ADS during the first quarter worth $161,000. Hedge funds and other institutional investors own 11.69% of the company’s stock.

Shares of Trivago N.V. ADS (NASDAQ:TRVG) opened at 17.22 on Tuesday. Trivago N.V. ADS has a 52-week low of $10.88 and a 52-week high of $24.27. The stock has a market capitalization of $4.12 billion and a P/E ratio of 615.00. The firm’s 50-day moving average price is $21.49 and its 200-day moving average price is $16.20.

Trivago N.V. ADS (NASDAQ:TRVG) last issued its quarterly earnings results on Friday, August 4th. The technology company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by $0.02. The business had revenue of $298.30 million during the quarter, compared to analysts’ expectations of $293.16 million. Trivago N.V. ADS’s revenue for the quarter was up 66.6% compared to the same quarter last year. Equities analysts forecast that Trivago N.V. ADS will post $0.12 earnings per share for the current fiscal year.

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A number of analysts recently weighed in on the company. Citigroup Inc. decreased their price target on Trivago N.V. ADS from $25.00 to $19.00 and set a “neutral” rating on the stock in a research note on Monday. Zacks Investment Research downgraded Trivago N.V. ADS from a “buy” rating to a “hold” rating in a research report on Saturday, June 10th. Wells Fargo & Company reiterated a “hold” rating on shares of Trivago N.V. ADS in a research report on Thursday, July 27th. Deutsche Bank AG reiterated a “hold” rating and set a $24.00 target price (up from $19.00) on shares of Trivago N.V. ADS in a research report on Wednesday, July 26th. Finally, Cowen and Company reiterated a “hold” rating and set a $20.00 target price on shares of Trivago N.V. ADS in a research report on Tuesday, July 11th. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Trivago N.V. ADS currently has an average rating of “Hold” and an average target price of $20.91.

Trivago N.V. ADS Company Profile

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 N.V. ADS (NASDAQ:TRVG)

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