Handelsbanken Fonder AB Has $10.44 Million Stock Holdings in Trip.com Group Limited Sponsored ADR $TCOM

Handelsbanken Fonder AB trimmed its position in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 36.4% in the 2nd quarter, Holdings Channel.com reports. The fund owned 262,000 shares of the company’s stock after selling 150,000 shares during the quarter. Handelsbanken Fonder AB’s holdings in Trip.com Group were worth $10,438,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Advisory Services Network LLC grew its stake in Trip.com Group by 2.1% in the second quarter. Advisory Services Network LLC now owns 8,438 shares of the company’s stock valued at $523,000 after purchasing an additional 176 shares in the last quarter. CWM LLC raised its stake in shares of Trip.com Group by 8.0% during the 4th quarter. CWM LLC now owns 2,443 shares of the company’s stock worth $176,000 after purchasing an additional 181 shares in the last quarter. Main Management ETF Advisors LLC raised its stake in shares of Trip.com Group by 1.0% during the 4th quarter. Main Management ETF Advisors LLC now owns 18,009 shares of the company’s stock worth $1,295,000 after purchasing an additional 184 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Trip.com Group by 44.2% during the 2nd 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. Finally, Pathstone Holdings LLC grew its stake in shares of Trip.com Group by 1.2% in the 3rd quarter. Pathstone Holdings LLC now owns 19,405 shares of the company’s stock valued at $1,459,000 after buying an additional 227 shares in the last quarter. Institutional investors and hedge funds own 35.41% of the company’s stock.

Trip.com Group Stock Performance

Shares of NASDAQ TCOM opened at $45.02 on Friday. The business’s 50-day simple moving average is $44.42 and its 200-day simple moving average is $49.89. 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 Limited Sponsored ADR has a 52 week low of $38.04 and a 52 week high of $78.99. The firm has a market cap of $29.24 billion, a price-to-earnings ratio of 7.05, a P/E/G ratio of 3.63 and a beta of -0.02.

Trip.com Group (NASDAQ:TCOM) last posted its 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). The company had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.30 billion. Trip.com Group had a return on equity of 17.57% and a net margin of 48.26%.The firm’s revenue for the quarter was up 17.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.82 earnings per share. As a group, equities research analysts expect that Trip.com Group Limited Sponsored ADR will post 3.14 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on TCOM shares. Bank of America restated a “buy” rating on shares of Trip.com Group in a report on Wednesday, July 29th. Barclays decreased their target price on shares of Trip.com Group from $75.00 to $60.00 and set an “overweight” rating for the company in a research report on Friday, June 26th. China Renaissance restated a “hold” rating and set a $42.00 price target on shares of Trip.com Group in a research note on Thursday, July 2nd. Jefferies Financial Group restated a “buy” rating and set a $63.00 price target on shares of Trip.com Group in a report on Tuesday, July 28th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Trip.com Group from $75.00 to $72.00 and set an “overweight” rating for the company in a research note on Tuesday, July 28th. Ten equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Trip.com Group presently has an average rating of “Moderate Buy” and an average target price of $63.75.

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.