Liberty TripAdvisor Holdings Inc. (NASDAQ:LTRPA) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday. The firm presently has a $25.00 price objective on the stock. Zacks Investment Research’s target price points to a potential upside of 15.26% from the company’s previous close.
According to Zacks, “Liberty TripAdvisor Holdings, Inc.’s businesses consist of its subsidiaries TripAdvisor and BuySeasons. TripAdvisor is an online travel community, aggregating reviews and opinions from its community of travelers about destinations, accommodations, restaurants and activities throughout the world. BuySeasons is an online retailer of costumes and party supplies. Liberty TripAdvisor Holdings, Inc. is based in Englewood, Colorado. “
Shares of Liberty TripAdvisor Holdings (NASDAQ:LTRPA) opened at 21.69 on Wednesday. Liberty TripAdvisor Holdings has a 12 month low of $17.23 and a 12 month high of $32.01. The company’s 50 day moving average is $21.17 and its 200 day moving average is $21.90. The company’s market cap is $1.63 billion.
Institutional investors have recently modified their holdings of the company. Invictus RG bought a new position in shares of Liberty TripAdvisor Holdings during the first quarter worth approximately $135,000. Brown Advisory Inc. increased its position in shares of Liberty TripAdvisor Holdings by 13.5% in the second quarter. Brown Advisory Inc. now owns 2,054,995 shares of the company’s stock worth $44,964,000 after buying an additional 244,245 shares in the last quarter. Fox Run Management L.L.C. bought a new position in shares of Liberty TripAdvisor Holdings during the second quarter worth approximately $304,000. Barclays PLC increased its position in shares of Liberty TripAdvisor Holdings by 17.1% in the first quarter. Barclays PLC now owns 69,354 shares of the company’s stock worth $1,526,000 after buying an additional 10,114 shares in the last quarter. Finally, TIAA CREF Investment Management LLC increased its position in shares of Liberty TripAdvisor Holdings by 16.5% in the first quarter. TIAA CREF Investment Management LLC now owns 370,780 shares of the company’s stock worth $8,216,000 after buying an additional 52,489 shares in the last quarter. Institutional investors and hedge funds own 94.98% of the company’s stock.
About Liberty TripAdvisor Holdings
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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