C WorldWide Group Holding A S Buys 12,463 Shares of Trip.com Group Limited Sponsored ADR $TCOM

C WorldWide Group Holding A S grew its stake in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 2.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 613,630 shares of the company’s stock after buying an additional 12,463 shares during the period. Trip.com Group accounts for approximately 0.6% of C WorldWide Group Holding A S’s portfolio, making the stock its 28th largest holding. C WorldWide Group Holding A S’s holdings in Trip.com Group were worth $24,447,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Corient Private Wealth LP boosted its position in shares of Trip.com Group by 3.2% in the second quarter. Corient Private Wealth LP now owns 10,312 shares of the company’s stock valued at $411,000 after acquiring an additional 319 shares during the period. B. Metzler seel. Sohn & Co. AG boosted its holdings in Trip.com Group by 10.9% in the 2nd quarter. B. Metzler seel. Sohn & Co. AG now owns 23,546 shares of the company’s stock valued at $938,000 after purchasing an additional 2,307 shares during the period. Public Employees Retirement System of Ohio purchased a new position in shares of Trip.com Group during the 2nd quarter valued at $5,210,000. Flossbach Von Storch SE purchased a new stake in shares of Trip.com Group in the second quarter worth $1,195,000. Finally, FNY Investment Advisers LLC bought a new position in Trip.com Group in the 2nd quarter worth about $37,000. 35.41% of the stock is owned by hedge funds and other institutional investors.

Trip.com Group Price Performance

Shares of Trip.com Group stock opened at $40.50 on Wednesday. Trip.com Group Limited Sponsored ADR has a 52-week low of $38.04 and a 52-week high of $78.99. The stock has a market capitalization of $26.31 billion, a price-to-earnings ratio of 6.34, a price-to-earnings-growth ratio of 3.27 and a beta of -0.05. The company has a fifty day moving average of $44.08 and a 200-day moving average of $48.04. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.53 and a current ratio of 1.53.

Trip.com Group (NASDAQ:TCOM) last issued its earnings results on Thursday, June 25th. The company reported $0.83 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.02). The business had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.30 billion. Trip.com Group had a return on equity of 17.57% and a net margin of 48.26%.Trip.com Group’s revenue for the quarter was up 17.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.82 EPS. Equities research analysts expect that Trip.com Group Limited Sponsored ADR will post 3.13 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on TCOM shares. JPMorgan Chase & Co. cut their price objective on Trip.com Group from $75.00 to $72.00 and set an “overweight” rating for the company in a report on Tuesday, July 28th. Weiss Ratings lowered shares of Trip.com Group from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, August 31st. China Renaissance reissued a “hold” rating and issued a $42.00 target price on shares of Trip.com Group in a research note on Thursday, July 2nd. Mizuho lowered their price target on Trip.com Group from $79.00 to $65.00 and set an “outperform” rating on the stock in a research report on Thursday, June 25th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $63.00 price target on shares of Trip.com Group in a research note on Tuesday, July 28th. Nine investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $62.45.

Trip.com Group Profile

Trip.com Group (NASDAQ: TCOM) is a China-based online travel services company that provides a broad range of consumer and business travel products. The company operates consumer-facing travel platforms and mobile apps that enable users to search, book and manage hotel reservations, airline tickets, packaged tours, rail travel, car rentals, airport transfers and local activities. It also offers corporate travel management and B2B solutions that support travel suppliers and downstream distribution partners.

Headquartered in Shanghai, Trip.com Group serves customers across China and increasingly in international markets through a portfolio of brands and global distribution channels.