Trip.com Group Limited Sponsored ADR $TCOM Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. decreased its position in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 3.4% in the 3rd quarter, HoldingsChannel reports. The firm owned 1,381,799 shares of the company’s stock after selling 48,307 shares during the period. Vontobel Holding Ltd.’s holdings in Trip.com Group were worth $54,028,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Perseverance Asset Management International acquired a new stake in shares of Trip.com Group during the 1st quarter worth about $33,608,000. C WorldWide Group Holding A S raised its position in shares of Trip.com Group by 2.1% in the second quarter. C WorldWide Group Holding A S now owns 613,630 shares of the company’s stock valued at $24,447,000 after buying an additional 12,463 shares during the last quarter. ABN Amro Investment Solutions raised its position in shares of Trip.com Group by 91.5% in the first quarter. ABN Amro Investment Solutions now owns 493,968 shares of the company’s stock valued at $24,595,000 after buying an additional 235,997 shares during the last quarter. Sei Investments Co. raised its position in shares of Trip.com Group by 24.8% in the first quarter. Sei Investments Co. now owns 370,430 shares of the company’s stock valued at $18,444,000 after buying an additional 73,650 shares during the last quarter. Finally, Ardmore Road Asset Management LP acquired a new stake in Trip.com Group during the first quarter worth approximately $14,937,000. 35.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Barclays lowered their price objective on 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. Mizuho reduced their target price on Trip.com Group from $65.00 to $60.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 16th. Weiss Ratings downgraded Trip.com Group from a “hold (c-)” rating to a “sell (d)” rating in a research report on Wednesday, September 16th. Zacks Research lowered Trip.com Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 30th. Finally, Bank of America restated a “buy” rating on shares of Trip.com Group in a report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Trip.com Group has a consensus rating of “Moderate Buy” and an average price target of $60.45.

Trip.com Group Stock Performance

Shares of NASDAQ:TCOM traded up $0.08 during midday trading on Friday, hitting $40.01. 3,089,331 shares of the company’s stock traded hands, compared to its average volume of 3,210,919. The company has a market cap of $25.99 billion, a PE ratio of 8.25, a P/E/G ratio of 3.26 and a beta of -0.04. The firm’s fifty day moving average price is $41.63 and its two-hundred day moving average price is $45.55. Trip.com Group Limited Sponsored ADR has a twelve month low of $37.58 and a twelve month high of $78.99.

Trip.com Group (NASDAQ:TCOM) last announced its quarterly earnings results on Friday, August 14th. The company reported $1.07 earnings per share (EPS) for the quarter. Trip.com Group had a return on equity of 16.99% and a net margin of 36.07%. The firm had revenue of $2.31 billion during the quarter. As a group, equities research analysts anticipate that Trip.com Group Limited Sponsored ADR will post 3.07 EPS for the current fiscal year.

Trip.com Group Company Profile

Trip.com Group Limited (NASDAQ: TCOM) is a global online travel services company headquartered in Shanghai, China. Formerly known as Ctrip.com International, the company adopted the Trip.com Group name in 2019 as it expanded its international presence. Its platform connects travelers with travel-related products and services in China and markets around the world.

The company provides accommodation reservations, transportation ticketing, packaged tours, and other travel services. Its offerings include hotel and lodging bookings, flights, train tickets, car rentals, attraction tickets, and vacation products.