Optiver Holding B.V. Has $891,000 Stock Position in Trip.com Group Limited Sponsored ADR $TCOM

Optiver Holding B.V. increased its stake in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 357,860.0% during the first quarter, Holdings Channel reports. The firm owned 17,898 shares of the company’s stock after acquiring an additional 17,893 shares during the period. Optiver Holding B.V.’s holdings in Trip.com Group were worth $891,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Temasek Holdings Private Ltd lifted its position 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 worth $161,055,000 after purchasing an additional 899,469 shares during the period. Perseverance Asset Management International bought a new position in Trip.com Group in the 1st quarter valued at about $33,608,000. Voloridge Investment Management LLC acquired a new position in shares of Trip.com Group in the 3rd quarter valued at approximately $48,273,000. True Light Capital Pte. Ltd. acquired a new position in shares of Trip.com Group in the 4th quarter valued at approximately $26,876,000. Finally, Ardmore Road Asset Management LP bought a new stake in shares of Trip.com Group during the 1st quarter worth approximately $14,937,000. Institutional investors and hedge funds own 35.41% of the company’s stock.

Trip.com Group Stock Performance

Shares of TCOM stock opened at $47.01 on Friday. The business’s 50-day moving average price is $44.67 and its 200-day moving average price is $51.17. Trip.com Group Limited Sponsored ADR has a 12 month low of $38.04 and a 12 month high of $78.99. The firm has a market capitalization of $30.54 billion, a price-to-earnings ratio of 7.36, a PEG ratio of 3.75 and a beta of -0.03. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.06.

Trip.com Group (NASDAQ:TCOM) last released its quarterly earnings results on Thursday, June 25th. The company reported $0.83 earnings per share for the quarter, missing the consensus estimate of $0.85 by ($0.02). Trip.com Group had a return on equity of 17.57% and a net margin of 48.26%.The firm had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.30 billion. During the same quarter last year, the firm posted $0.82 earnings per share. The business’s revenue for the quarter was up 17.2% on a year-over-year basis. Equities research analysts forecast that Trip.com Group Limited Sponsored ADR will post 3.14 EPS for the current year.

Wall Street Analyst Weigh In

TCOM has been the topic of several analyst reports. Citigroup reduced their price target on shares of Trip.com Group from $64.00 to $62.00 and set a “buy” rating on the stock in a research report on Thursday. Benchmark restated a “buy” rating on shares of Trip.com Group in a research report on Tuesday. Barclays cut their target price on Trip.com Group from $75.00 to $60.00 and set an “overweight” rating for the company in a research note on Friday, June 26th. Bank of America reaffirmed a “buy” rating on shares of Trip.com Group in a report on Wednesday. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $63.00 price target on shares of Trip.com Group in a research note on Tuesday. Ten research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Trip.com Group has a consensus rating of “Moderate Buy” and a consensus price target of $63.75.

Trip.com Group Company 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.