C WorldWide Group Holding A S Sells 449,140 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 34.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 852,833 shares of the company’s stock after selling 449,140 shares during the quarter. Trip.com Group comprises about 0.7% of C WorldWide Group Holding A S’s portfolio, making the stock its 22nd biggest position. C WorldWide Group Holding A S owned 0.13% of Trip.com Group worth $50,010,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. ARGA Investment Management LP lifted its holdings in shares of Trip.com Group by 41.2% in the 2nd quarter. ARGA Investment Management LP now owns 6,044,104 shares of the company’s stock worth $354,426,000 after buying an additional 1,763,562 shares during the period. Davis Selected Advisers lifted its holdings in shares of Trip.com Group by 29.8% in the 1st quarter. Davis Selected Advisers now owns 4,862,997 shares of the company’s stock worth $309,189,000 after buying an additional 1,115,836 shares during the period. Cantillon Capital Management LLC lifted its holdings in shares of Trip.com Group by 14.6% in the 2nd quarter. Cantillon Capital Management LLC now owns 4,097,251 shares of the company’s stock worth $240,263,000 after buying an additional 520,438 shares during the period. Voya Investment Management LLC lifted its holdings in shares of Trip.com Group by 41.4% in the 1st quarter. Voya Investment Management LLC now owns 2,979,370 shares of the company’s stock worth $189,428,000 after buying an additional 872,630 shares during the period. Finally, Russell Investments Group Ltd. lifted its holdings in shares of Trip.com Group by 48.7% in the 1st quarter. Russell Investments Group Ltd. now owns 2,386,398 shares of the company’s stock worth $151,727,000 after buying an additional 781,916 shares during the period. 35.41% of the stock is currently owned by hedge funds and other institutional investors.

Trip.com Group Price Performance

NASDAQ TCOM opened at $70.49 on Thursday. The firm’s fifty day simple moving average is $73.11 and its two-hundred day simple moving average is $65.56. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.07. Trip.com Group Limited Sponsored ADR has a 12-month low of $51.35 and a 12-month high of $78.65. The firm has a market capitalization of $46.05 billion, a P/E ratio of 19.31, a P/E/G ratio of 2.79 and a beta of 0.03.

Wall Street Analysts Forecast Growth

TCOM has been the subject of several research reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Trip.com Group in a report on Wednesday, October 8th. Zacks Research lowered shares of Trip.com Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 28th. Barclays lifted their price objective on shares of Trip.com Group from $84.00 to $85.00 and gave the company an “overweight” rating in a report on Friday, August 29th. Sanford C. Bernstein lifted their price objective on shares of Trip.com Group from $75.00 to $78.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Finally, Mizuho lifted their price objective on shares of Trip.com Group from $78.00 to $81.00 and gave the company an “outperform” rating in a report on Thursday, August 28th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Trip.com Group has a consensus rating of “Moderate Buy” and a consensus target price of $76.98.

Trip.com Group Company Profile

Trip.com Group Limited, through its subsidiaries, operates as a travel service provider for accommodation reservation, transportation ticketing, packaged tours and in-destination, corporate travel management, and other travel-related services in China and internationally. The company acts as an agent for hotel-related transactions and selling air tickets, as well as provides train, long-distance bus, and ferry tickets; travel insurance products, such as flight delay, air accident, and baggage loss coverage; and air-ticket delivery, online check-in and seat selection, express security screening, real-time flight status tracker, and airport VIP lounge services.