Flossbach Von Storch SE acquired a new position in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 30,000 shares of the company's stock, valued at approximately $1,195,000.
Several other large investors have also bought and sold shares of the business. Brown Brothers Harriman & Co. raised its stake in Trip.com Group by 237.3% during the fourth quarter. Brown Brothers Harriman & Co. now owns 398 shares of the company's stock worth $29,000 after acquiring an additional 280 shares in the last quarter. First Horizon Corp boosted its stake in shares of Trip.com Group by 69.3% in the 1st quarter. First Horizon Corp now owns 611 shares of the company's stock valued at $30,000 after purchasing an additional 250 shares in the last quarter. TD Private Client Wealth LLC acquired a new stake in shares of Trip.com Group in the 4th quarter valued at approximately $31,000. NewEdge Advisors LLC grew its holdings in shares of Trip.com Group by 384.6% during the 1st quarter. NewEdge Advisors LLC now owns 567 shares of the company's stock valued at $36,000 after purchasing an additional 450 shares during the last quarter. Finally, FNY Investment Advisers LLC bought a new stake in shares of Trip.com Group during the 2nd quarter valued at approximately $37,000. 35.41% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several equities analysts recently commented on the stock. Citigroup dropped their price objective on shares of Trip.com Group from $64.00 to $62.00 and set a "buy" rating for the company in a research note on Thursday, July 30th. Benchmark reaffirmed a "buy" rating on shares of Trip.com Group in a research note on Tuesday, July 28th. China Renaissance reiterated a "hold" rating and set a $42.00 price target on shares of Trip.com Group in a report on Thursday, July 2nd. JPMorgan Chase & Co. dropped their price target 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. Finally, Bank of America reissued a "buy" rating on shares of Trip.com Group in a report on Wednesday, July 29th. Ten equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $63.75.
Get Our Latest Analysis on Trip.com Group
Trip.com Group Stock Up 4.4%
Shares of NASDAQ TCOM opened at $46.51 on Thursday. The company has a 50 day simple moving average of $44.24 and a 200 day simple moving average of $49.40. The firm has a market cap of $30.21 billion, a PE ratio of 7.28, a price-to-earnings-growth ratio of 3.55 and a beta of -0.02. Trip.com Group Limited Sponsored ADR has a 1 year low of $38.04 and a 1 year high of $78.99. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.53 and a quick ratio of 1.53.
Trip.com Group (NASDAQ:TCOM - Get Free Report) last posted 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 business had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.30 billion. Trip.com Group had a return on equity of 17.57% and a net margin of 48.26%.The company's revenue was up 17.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.82 earnings per share. On average, research analysts forecast that Trip.com Group Limited Sponsored ADR will post 3.14 EPS for the current year.
Trip.com Group Profile
(
Free Report)
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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