ABN Amro Investment Solutions Boosts Stake in Trip.com Group Limited Sponsored ADR $TCOM

ABN Amro Investment Solutions raised its position in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 191.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 257,971 shares of the company’s stock after purchasing an additional 169,335 shares during the period. ABN Amro Investment Solutions’ holdings in Trip.com Group were worth $18,551,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TCOM. Royal Bank of Canada raised its position in Trip.com Group by 22.9% in the 1st quarter. Royal Bank of Canada now owns 32,521 shares of the company’s stock worth $2,068,000 after purchasing an additional 6,062 shares during the period. NewEdge Advisors LLC raised its position in Trip.com Group by 384.6% in the 1st quarter. NewEdge Advisors LLC now owns 567 shares of the company’s stock worth $36,000 after purchasing an additional 450 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Trip.com Group by 332.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 40,088 shares of the company’s stock worth $2,549,000 after purchasing an additional 30,819 shares during the period. EverSource Wealth Advisors LLC raised its position in Trip.com Group by 44.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 701 shares of the company’s stock worth $41,000 after purchasing an additional 215 shares during the period. Finally, Flow Traders U.S. LLC purchased a new stake in Trip.com Group in the 2nd quarter worth about $215,000. 35.41% of the stock is owned by hedge funds and other institutional investors.

Trip.com Group Price Performance

Shares of TCOM stock opened at $48.56 on Thursday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.55 and a quick ratio of 1.55. The company has a market capitalization of $31.54 billion, a P/E ratio of 7.25, a P/E/G ratio of 3.39 and a beta of -0.03. The company’s 50-day simple moving average is $51.84 and its two-hundred day simple moving average is $60.96. Trip.com Group Limited Sponsored ADR has a one year low of $47.47 and a one year high of $78.99.

Trip.com Group (NASDAQ:TCOM) last issued its earnings results on Saturday, February 14th. The company reported $0.71 EPS for the quarter. Trip.com Group had a net margin of 53.28% and a return on equity of 18.56%. The business had revenue of $2.20 billion for the quarter. As a group, equities analysts anticipate that Trip.com Group Limited Sponsored ADR will post 3.61 EPS for the current year.

Analysts Set New Price Targets

TCOM has been the topic of a number of recent analyst reports. Zacks Research lowered shares of Trip.com Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 20th. Barclays restated an “overweight” rating and issued a $75.00 target price on shares of Trip.com Group in a research note on Thursday, February 26th. Morgan Stanley restated an “overweight” rating and issued a $75.00 target price on shares of Trip.com Group in a research note on Thursday, February 26th. TD Cowen dropped their target price on shares of Trip.com Group from $73.00 to $68.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. Finally, Weiss Ratings downgraded shares of Trip.com Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, March 2nd. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Trip.com Group has an average rating of “Moderate Buy” and a consensus price target of $77.50.

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.