C WorldWide Group Holding A S Sells 12,302 Shares of Trip.com Group Limited Sponsored ADR $TCOM

C WorldWide Group Holding A S reduced its position in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 2.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 601,167 shares of the company’s stock after selling 12,302 shares during the period. Trip.com Group accounts for approximately 0.6% of C WorldWide Group Holding A S’s holdings, making the stock its 23rd biggest position. C WorldWide Group Holding A S owned about 0.09% of Trip.com Group worth $29,932,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Temasek Holdings Private Ltd boosted its holdings in Trip.com Group by 67.1% during the fourth quarter. Temasek Holdings Private Ltd now owns 2,239,671 shares of the company’s stock valued at $161,055,000 after acquiring an additional 899,469 shares during the period. Voloridge Investment Management LLC bought a new position in shares of Trip.com Group in the third quarter worth about $48,273,000. True Light Capital Pte. Ltd. bought a new position in shares of Trip.com Group in the fourth quarter worth about $26,876,000. Qube Research & Technologies Ltd lifted its position in shares of Trip.com Group by 53.6% during the 3rd quarter. Qube Research & Technologies Ltd now owns 531,387 shares of the company’s stock worth $39,960,000 after purchasing an additional 185,535 shares during the last quarter. Finally, AustralianSuper Pty Ltd lifted its position in shares of Trip.com Group by 58.7% during the 4th quarter. AustralianSuper Pty Ltd now owns 467,579 shares of the company’s stock worth $33,624,000 after purchasing an additional 172,897 shares during the last quarter. Institutional investors own 35.41% of the company’s stock.

Trip.com Group Stock Up 2.1%

TCOM stock opened at $43.75 on Friday. Trip.com Group Limited Sponsored ADR has a twelve month low of $38.04 and a twelve month high of $78.99. The company has a market cap of $28.42 billion, a PE ratio of 6.85, a price-to-earnings-growth ratio of 3.28 and a beta of -0.03. The business’s 50-day simple moving average is $45.89 and its 200 day simple moving average is $53.32. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.06.

Trip.com Group (NASDAQ:TCOM) last posted its quarterly earnings results on Thursday, June 25th. The company reported $0.83 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.02). Trip.com Group had a net margin of 48.26% and a return on equity of 17.57%. The firm had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.30 billion. During the same period last year, the company earned $0.82 EPS. The company’s revenue was up 17.2% on a year-over-year basis. On average, research analysts anticipate that Trip.com Group Limited Sponsored ADR will post 3.27 earnings per share for the current year.

Analyst Ratings Changes

TCOM has been the topic of a number of research analyst reports. Nomura lowered their target price on Trip.com Group from $71.00 to $51.00 and set a “neutral” rating on the stock in a report on Friday, June 26th. Barclays cut their price target on Trip.com Group from $75.00 to $60.00 and set an “overweight” rating for the company in a report on Friday, June 26th. China Renaissance reissued a “hold” rating and issued a $42.00 price objective on shares of Trip.com Group in a research report on Thursday, July 2nd. Citigroup lowered their price objective on shares of Trip.com Group from $82.00 to $64.00 and set a “buy” rating on the stock in a research note on Thursday, June 25th. Finally, Benchmark dropped their target price on shares of Trip.com Group from $72.00 to $65.00 and set a “buy” rating on the stock in a research report on Thursday, June 25th. Eight research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $63.20.

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.