C WorldWide Group Holding A S Has $24.45 Million Holdings in Trip.com Group Limited Sponsored ADR $TCOM

C WorldWide Group Holding A S grew its holdings in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 2.1% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 613,630 shares of the company’s stock after buying an additional 12,463 shares during the period. Trip.com Group makes up 0.6% of C WorldWide Group Holding A S’s investment portfolio, making the stock its 28th largest holding. C WorldWide Group Holding A S owned about 0.09% of Trip.com Group worth $24,447,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of TCOM. APEIRON CAPITAL Ltd acquired a new stake in Trip.com Group in the first quarter worth $3,485,000. Public Employees Retirement System of Ohio acquired a new position in shares of Trip.com Group during the second quarter valued at about $5,210,000. Hsbc Holdings PLC boosted its position in shares of Trip.com Group by 544.1% during the 4th quarter. Hsbc Holdings PLC now owns 73,747 shares of the company’s stock worth $5,280,000 after purchasing an additional 62,298 shares in the last quarter. Royal Bank of Canada boosted its position in shares of Trip.com Group by 162.6% during the 1st quarter. Royal Bank of Canada now owns 136,340 shares of the company’s stock worth $6,789,000 after purchasing an additional 84,423 shares in the last quarter. Finally, ABN Amro Investment Solutions grew its stake in shares of Trip.com Group by 91.5% in the 1st 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 period. Institutional investors and hedge funds own 35.41% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Nomura dropped their price target on Trip.com Group from $71.00 to $51.00 and set a “neutral” rating on the stock in a research note on Friday, June 26th. JPMorgan Chase & Co. reduced their price objective on 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. Bank of America restated a “buy” rating on shares of Trip.com Group in a report on Wednesday, July 29th. Zacks Research cut Trip.com Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 30th. Finally, Benchmark reissued a “buy” rating on shares of Trip.com Group in a research report on Tuesday, July 28th. Nine analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $62.45.

Trip.com Group Stock Performance

Shares of Trip.com Group stock opened at $40.50 on Wednesday. The business’s fifty day simple moving average is $44.08 and its 200 day simple moving average is $48.04. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.06. Trip.com Group Limited Sponsored ADR has a 12 month low of $38.04 and a 12 month high of $78.99. The firm has a market capitalization of $26.31 billion, a P/E ratio of 6.34, a price-to-earnings-growth ratio of 3.27 and a beta of -0.05.

Trip.com Group (NASDAQ:TCOM) last released its earnings results on Thursday, June 25th. The company reported $0.83 earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.02). The company had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.30 billion. Trip.com Group had a net margin of 48.26% and a return on equity of 17.57%. The firm’s revenue was up 17.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.82 earnings per share. As a group, analysts anticipate that Trip.com Group Limited Sponsored ADR will post 3.13 EPS for the current year.

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.