Optiver Holding B.V. Purchases 17,893 Shares of Trip.com Group Limited Sponsored ADR $TCOM

Optiver Holding B.V. boosted its position in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 357,860.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,898 shares of the company’s stock after buying an additional 17,893 shares during the quarter. Optiver Holding B.V.’s holdings in Trip.com Group were worth $891,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Brown Brothers Harriman & Co. increased its holdings in Trip.com Group by 237.3% during the fourth quarter. Brown Brothers Harriman & Co. now owns 398 shares of the company’s stock worth $29,000 after buying an additional 280 shares during the last quarter. First Horizon Corp increased its position in Trip.com Group by 69.3% during the first quarter. First Horizon Corp now owns 611 shares of the company’s stock worth $30,000 after buying an additional 250 shares during the last quarter. TD Private Client Wealth LLC bought a new stake in Trip.com Group in the fourth quarter valued at approximately $31,000. NewEdge Advisors LLC raised its stake in Trip.com Group by 384.6% in the first quarter. NewEdge Advisors LLC now owns 567 shares of the company’s stock valued at $36,000 after buying an additional 450 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Trip.com Group by 44.2% in the second quarter. EverSource Wealth Advisors LLC now owns 701 shares of the company’s stock valued at $41,000 after buying an additional 215 shares during the last quarter. Institutional investors own 35.41% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on TCOM. Weiss Ratings downgraded Trip.com Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 25th. Mizuho dropped their price target on Trip.com Group from $79.00 to $65.00 and set an “outperform” rating on the stock in a research note on Thursday, June 25th. Jefferies Financial Group reaffirmed a “buy” rating and set a $63.00 price target on shares of Trip.com Group in a report on Tuesday. Citigroup reduced their price objective on shares of Trip.com Group from $64.00 to $62.00 and set a “buy” rating for the company in a research report on Thursday. Finally, Benchmark reaffirmed a “buy” rating on shares of Trip.com Group in a research report on Tuesday. Ten equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $63.75.

Trip.com Group Stock Up 1.1%

TCOM opened at $47.01 on Friday. The stock has a fifty day moving average of $44.67 and a 200-day moving average of $51.17. The company has a market capitalization of $30.54 billion, a P/E ratio of 7.36, a P/E/G ratio of 3.75 and a beta of -0.03. Trip.com Group Limited Sponsored ADR has a fifty-two week low of $38.04 and a fifty-two week high of $78.99. 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 released 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 business had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.30 billion. During the same quarter last year, the company posted $0.82 earnings per share. The company’s revenue was up 17.2% on a year-over-year basis. On average, equities analysts expect that Trip.com Group Limited Sponsored ADR will post 3.14 EPS for the current year.

About Trip.com Group

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.