Handelsbanken Fonder AB lifted its stake in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM – Free Report) by 19.4% during the third quarter, Holdings Channel.com reports. The firm owned 422,000 shares of the company’s stock after buying an additional 68,500 shares during the period. Handelsbanken Fonder AB’s holdings in Trip.com Group were worth $31,734,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of the stock. First Horizon Corp acquired a new stake in shares of Trip.com Group in the third quarter valued at approximately $27,000. NewEdge Advisors LLC boosted its position in Trip.com Group by 384.6% in the 1st 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 last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Trip.com Group by 44.2% in 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 period. First Horizon Advisors Inc. raised its position in shares of Trip.com Group by 67.2% during the second quarter. First Horizon Advisors Inc. now owns 851 shares of the company’s stock worth $50,000 after acquiring an additional 342 shares during the last quarter. Finally, MAI Capital Management lifted its stake in shares of Trip.com Group by 14,928.6% during the second quarter. MAI Capital Management now owns 1,052 shares of the company’s stock valued at $62,000 after acquiring an additional 1,045 shares during the period. 35.41% of the stock is owned by institutional investors.
Trip.com Group News Roundup
Here are the key news stories impacting Trip.com Group this week:
- Positive Sentiment: Q4 revenue and travel momentum: Trip.com reported strong Q4 demand and revenue that beat expectations, with analysts citing robust inbound/outbound travel trends and improved margins — a key reason some investors remain bullish. Read More.
- Positive Sentiment: Cash and profitability: Coverage highlights a large cash balance (~$15B) and best‑in‑class gross profit margins among peers, supporting financial resilience and optionality for buybacks/investment. Read More.
- Neutral Sentiment: Earnings detail — small EPS miss but revenue beat: Trip.com posted revenue above estimates ($2.20B) while EPS missed by $0.01; strong top‑line growth (+~21% YoY) offsets the marginal EPS miss for many investors. Read More.
- Neutral Sentiment: Analyst adjustments: Benchmarks/TD Cowen trimmed price targets (e.g., TD Cowen $73→$68; Benchmark $82→$72) but maintained Buy ratings — indicating continued conviction tempered by near‑term uncertainty. Read More.
- Neutral Sentiment: Further reading — earnings call transcript and valuation pieces are available for investors modeling forward guidance and multiples. Read More. • Read More.
- Negative Sentiment: Governance shake‑up and regulatory/antitrust concerns: News of an antitrust probe and related governance developments (cited by coverage noting the stock drop) increased uncertainty and likely drove short‑term selling. Read More.
- Negative Sentiment: Investor litigation inquiry: The Rosen Law Firm is investigating potential securities claims, escalating legal risk and adding a negative headline factor for sentiment. Read More.
Trip.com Group Stock Up 0.7%
Wall Street Analysts Forecast Growth
Several analysts have weighed in on the company. Barclays reissued an “overweight” rating and set a $75.00 price objective on shares of Trip.com Group in a report on Thursday. TD Cowen lowered their price target on shares of Trip.com Group from $73.00 to $68.00 and set a “buy” rating for the company in a research report on Thursday. Bank of America boosted their price target on shares of Trip.com Group from $83.00 to $85.00 and gave the stock a “buy” rating in a research note on Thursday, November 20th. Benchmark reduced their price objective on shares of Trip.com Group from $82.00 to $72.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $75.00 target price on shares of Trip.com Group in a report on Thursday. Ten research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Trip.com Group presently has a consensus rating of “Moderate Buy” and an average price target of $77.00.
Get Our Latest Research Report on Trip.com Group
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.
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