Fmr LLC Has $49.21 Million Stock Holdings in Trupanion, Inc. (NASDAQ:TRUP)

Fmr LLC increased its position in Trupanion, Inc. (NASDAQ:TRUP) by 55,963.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,172,293 shares of the financial services provider’s stock after purchasing an additional 1,170,202 shares during the quarter. Fmr LLC owned approximately 2.77% of Trupanion worth $49,213,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Landscape Capital Management L.L.C. acquired a new stake in Trupanion during the 3rd quarter worth $698,000. Intech Investment Management LLC grew its stake in shares of Trupanion by 73.6% during the third quarter. Intech Investment Management LLC now owns 17,208 shares of the financial services provider’s stock worth $722,000 after purchasing an additional 7,298 shares during the period. Quest Partners LLC bought a new stake in Trupanion in the third quarter valued at about $37,000. Mutual of America Capital Management LLC acquired a new position in Trupanion in the third quarter valued at about $210,000. Finally, Check Capital Management Inc. CA boosted its holdings in Trupanion by 2.7% during the third quarter. Check Capital Management Inc. CA now owns 41,460 shares of the financial services provider’s stock worth $1,740,000 after buying an additional 1,100 shares during the last quarter.

Insider Buying and Selling

In other Trupanion news, SVP Emily Dreyer sold 3,100 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $54.85, for a total transaction of $170,035.00. Following the completion of the transaction, the senior vice president now owns 24,708 shares of the company’s stock, valued at $1,355,233.80. This represents a 11.15 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Steve Weinrauch sold 11,916 shares of Trupanion stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $53.00, for a total transaction of $631,548.00. Following the completion of the sale, the executive vice president now owns 48,978 shares in the company, valued at $2,595,834. This trade represents a 19.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 28,405 shares of company stock worth $1,512,482. 5.50% of the stock is owned by corporate insiders.

Trupanion Stock Up 3.6 %

Trupanion stock opened at $53.46 on Friday. Trupanion, Inc. has a twelve month low of $19.69 and a twelve month high of $57.90. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.40. The company has a 50 day moving average of $51.08 and a 200-day moving average of $41.11. The stock has a market capitalization of $2.26 billion, a PE ratio of -167.06 and a beta of 1.60.

Trupanion (NASDAQ:TRUP) last released its earnings results on Wednesday, October 30th. The financial services provider reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.09. Trupanion had a negative return on equity of 4.36% and a negative net margin of 1.08%. The firm had revenue of $327.50 million during the quarter, compared to analysts’ expectations of $321.79 million. During the same quarter in the prior year, the company earned ($0.10) EPS. The company’s revenue was up 14.6% on a year-over-year basis. On average, equities research analysts anticipate that Trupanion, Inc. will post -0.23 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Northland Securities upped their price target on Trupanion from $45.00 to $50.00 and gave the company a “market perform” rating in a research note on Thursday, October 31st. Bank of America upped their target price on shares of Trupanion from $47.00 to $56.00 and gave the company a “buy” rating in a research note on Friday, September 20th. Piper Sandler lifted their price target on shares of Trupanion from $45.00 to $57.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Finally, Stifel Nicolaus upped their price objective on shares of Trupanion from $30.00 to $40.00 and gave the company a “hold” rating in a research report on Monday, September 23rd. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $44.67.

About Trupanion

Trupanion, Inc, together with its subsidiaries, provides medical insurance for cats and dogs on a monthly subscription basis in the United States, Canada, Continental Europe, and Australia. The company operates in two segments, Subscription Business and Other Business. It serves pet owners and veterinarians.