Jennison Associates LLC Decreases Stake in Trip.com Group Limited Sponsored ADR $TCOM

Key Points

• Jennison Associates cut its stake in Trip.com Group by 26.3%, selling 132,009 shares and now owning 369,952 shares worth about $26.6 million (≈0.06% of the company).
• Multiple class‑action filings and law‑firm solicitations allege Trip.com misled investors over an AI‑pricing controversy and an antitrust probe, creating a significant legal overhang that has pressured the stock and could lead to litigation costs or settlements.
• Analysts hold a consensus rating of Moderate Buy (nine Buys, two Holds) with a $77 consensus target, though several firms recently cut targets and issued downgrades or price‑target reductions.

Jennison Associates LLC cut its holdings in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 26.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 369,952 shares of the company's stock after selling 132,009 shares during the quarter. Jennison Associates LLC owned 0.06% of Trip.com Group worth $26,603,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. First Horizon Corp purchased a new stake in shares of Trip.com Group in the third quarter valued at approximately $27,000. NewEdge Advisors LLC boosted its stake in shares of Trip.com Group by 384.6% in the first quarter. NewEdge Advisors LLC now owns 567 shares of the company's stock valued at $36,000 after buying an additional 450 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Trip.com Group by 44.2% in the second quarter. EverSource Wealth Advisors LLC now owns 701 shares of the company's stock valued at $41,000 after buying an additional 215 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in shares of Trip.com Group by 601.3% in the third quarter. Caitong International Asset Management Co. Ltd now owns 554 shares of the company's stock valued at $42,000 after buying an additional 475 shares in the last quarter. Finally, TD Waterhouse Canada Inc. boosted its stake in shares of Trip.com Group by 26.0% in the third quarter. TD Waterhouse Canada Inc. now owns 1,226 shares of the company's stock valued at $92,000 after buying an additional 253 shares in the last quarter. 35.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TCOM has been the topic of a number of analyst reports. Morgan Stanley restated an "overweight" rating and issued a $75.00 price target on shares of Trip.com Group in a research note on Thursday, February 26th. Zacks Research downgraded Trip.com Group from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 20th. Benchmark decreased their target price on Trip.com Group from $82.00 to $72.00 and set a "buy" rating on the stock in a research report on Thursday, February 26th. Weiss Ratings downgraded Trip.com Group from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Monday, March 2nd. Finally, TD Cowen decreased their target price on Trip.com Group from $73.00 to $68.00 and set a "buy" rating on the stock in a research report on Thursday, February 26th. Nine equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $77.00.

Trip.com Group Price Performance

TCOM stock opened at $54.22 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.48 and a current ratio of 1.55. Trip.com Group Limited Sponsored ADR has a 1 year low of $48.48 and a 1 year high of $78.99. The firm has a market cap of $35.42 billion, a P/E ratio of 8.09, a price-to-earnings-growth ratio of 3.76 and a beta of -0.03. The stock has a 50-day simple moving average of $52.19 and a 200-day simple moving average of $62.76.

Trip.com Group (NASDAQ:TCOM - Get Free Report) last posted its earnings results on Saturday, February 14th. The company reported $0.71 earnings per share (EPS) for the quarter. Trip.com Group had a return on equity of 18.56% and a net margin of 53.28%.The business had revenue of $2.20 billion during the quarter. On average, equities analysts predict that Trip.com Group Limited Sponsored ADR will post 3.61 earnings per share for the current fiscal year.

Trip.com Group News Summary

Here are the key news stories impacting Trip.com Group this week:

• Neutral Sentiment: Analyst/coverage note: A Zacks piece highlights recent outperformance vs. the market and summarizes recent price action, which may be used by some investors as a counterpoint to the legal headlines. Trip.com (TCOM) Surpasses Market Returns
• Negative Sentiment: Lawsuit filed after AI pricing controversy and antitrust probe: Hagens Berman says a securities class action was filed alleging Trip.com misled investors about AI‑driven pricing and antitrust risks; the filing cites the mid‑January ADS drop and seeks damages for purchasers during Apr 30, 2024–Jan 13, 2026. This is a direct legal claim that could lead to discovery, litigation expense and settlement risk. TCOM Lawsuit Filed After AI Pricing Controversy
• Negative Sentiment: Multiple law firms solicit lead plaintiffs and remind investors of a May 11 lead‑plaintiff deadline: Rosen, Pomerantz, Gross, Bragar, Schall, Faruqi and others have issued notices encouraging filings for the same class period, increasing the likelihood of coordinated litigation activity and media attention. That amplifies legal overhang and could keep volatility elevated. (Example reminder from Rosen.) Rosen Law Firm Reminder
• Negative Sentiment: Additional plaintiff‑firm announcements (Pomerantz, Gross, Bragar, Schall, ClaimsFiler, Faruqi): Multiple filings and press releases reiterate the alleged link between Trip.com’s disclosures and China’s State Administration for Market Regulation probe; these create duplication of legal claims and potential class consolidation in federal court. Pomerantz Investor Alert

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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