C WorldWide Group Holding A S Has $29.93 Million Position in Trip.com Group Limited Sponsored ADR $TCOM

C WorldWide Group Holding A S lowered its holdings in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 2.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 601,167 shares of the company’s stock after selling 12,302 shares during the quarter. Trip.com Group accounts for about 0.6% of C WorldWide Group Holding A S’s investment portfolio, making the stock its 23rd biggest position. C WorldWide Group Holding A S’s holdings in Trip.com Group were worth $29,932,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Royal Bank of Canada boosted its holdings in Trip.com Group by 22.9% during the first quarter. Royal Bank of Canada now owns 32,521 shares of the company’s stock valued at $2,068,000 after purchasing an additional 6,062 shares in the last quarter. NewEdge Advisors LLC raised its holdings in shares of Trip.com Group by 384.6% in the 1st quarter. NewEdge Advisors LLC now owns 567 shares of the company’s stock worth $36,000 after buying an additional 450 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Trip.com Group by 332.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 40,088 shares of the company’s stock worth $2,549,000 after buying an additional 30,819 shares during the period. EverSource Wealth Advisors LLC lifted its position 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 worth $41,000 after buying an additional 215 shares during the period. Finally, Flow Traders U.S. LLC acquired a new stake in Trip.com Group in the 2nd quarter valued at $215,000. Institutional investors and hedge funds own 35.41% of the company’s stock.

Trip.com Group Stock Up 2.1%

Shares of NASDAQ TCOM opened at $43.75 on Friday. Trip.com Group Limited Sponsored ADR has a 12-month low of $38.04 and a 12-month high of $78.99. The firm’s 50-day simple moving average is $45.89 and its 200 day simple moving average is $53.32. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.06. The company has a market cap of $28.42 billion, a price-to-earnings ratio of 6.85, a price-to-earnings-growth ratio of 3.28 and a beta of -0.03.

Trip.com Group (NASDAQ:TCOM) last posted its quarterly earnings data 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). Trip.com Group had a net margin of 48.26% and a return on equity of 17.57%. The company had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.30 billion. During the same quarter in the previous year, the business posted $0.82 EPS. The company’s revenue was up 17.2% compared to the same quarter last year. On average, research analysts expect that Trip.com Group Limited Sponsored ADR will post 3.27 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have weighed in on TCOM. Benchmark lowered their price target on Trip.com Group from $72.00 to $65.00 and set a “buy” rating on the stock in a research report on Thursday, June 25th. Barclays reduced their target price on shares of Trip.com Group from $75.00 to $60.00 and set an “overweight” rating on the stock in a research note on Friday, June 26th. Bank of America lowered their target price on shares of Trip.com Group from $78.00 to $64.00 and set a “buy” rating on the stock in a report on Monday, June 29th. Citigroup dropped their target price on shares of Trip.com Group from $82.00 to $64.00 and set a “buy” rating for the company in a research report on Thursday, June 25th. Finally, China Renaissance reiterated a “hold” rating and issued a $42.00 target price on shares of Trip.com Group in a research note on Thursday, July 2nd. Eight 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 MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $63.20.

Trip.com Group Company 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.