Trip.com Group Limited Sponsored ADR $TCOM Stake Reduced by APEIRON CAPITAL Ltd

Key Points

• APEIRON CAPITAL cut its Trip.com stake by 87.2% in the third quarter, selling 61,064 shares and ending the period with 8,936 shares worth about $356,000.
• Other institutional investors made mixed moves; overall, institutions owned 35.41% of Trip.com’s stock.
• Analysts’ consensus rating was Moderate Buy, with a $60.45 average price target. Trip.com reported quarterly revenue of $2.31 billion and earnings of $1.07 per share.

APEIRON CAPITAL Ltd lessened its holdings in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 87.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,936 shares of the company's stock after selling 61,064 shares during the quarter. Trip.com Group makes up approximately 1.5% of APEIRON CAPITAL Ltd's investment portfolio, making the stock its 4th largest position. APEIRON CAPITAL Ltd's holdings in Trip.com Group were worth $356,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of TCOM. Sanders Capital LLC increased its holdings in shares of Trip.com Group by 1.5% in the third quarter. Sanders Capital LLC now owns 10,714,647 shares of the company's stock valued at $418,943,000 after purchasing an additional 154,083 shares during the last quarter. Perseverance Asset Management International bought a new stake in shares of Trip.com Group during the 1st quarter worth about $33,608,000. ABN Amro Investment Solutions boosted its holdings in shares of Trip.com Group by 91.5% during the 1st quarter. ABN Amro Investment Solutions now owns 493,968 shares of the company's stock worth $24,595,000 after buying an additional 235,997 shares during the period. C WorldWide Group Holding A S grew its stake in Trip.com Group by 2.1% in the 2nd quarter. C WorldWide Group Holding A S now owns 613,630 shares of the company's stock valued at $24,447,000 after buying an additional 12,463 shares during the last quarter. Finally, Sei Investments Co. grew its stake in Trip.com Group by 24.8% in the 1st quarter. Sei Investments Co. now owns 370,430 shares of the company's stock valued at $18,444,000 after buying an additional 73,650 shares during the last quarter. Institutional investors own 35.41% of the company's stock.

Trip.com Group Stock Performance

NASDAQ TCOM opened at $44.37 on Monday. The firm's 50 day simple moving average is $40.19 and its 200 day simple moving average is $47.49. The firm has a market capitalization of $28.82 billion and a price-to-earnings ratio of 9.15. Trip.com Group Limited Sponsored ADR has a 1 year low of $37.58 and a 1 year high of $78.99.

Trip.com Group (NASDAQ:TCOM - Get Free Report) last posted its quarterly earnings results on Friday, August 14th. The company reported $1.07 EPS for the quarter. Trip.com Group had a return on equity of 16.99% and a net margin of 36.07%. The company had revenue of $2.31 billion during the quarter. On average, equities research analysts forecast that Trip.com Group Limited Sponsored ADR will post 3.07 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on TCOM shares. Citigroup lowered their price target on shares of Trip.com Group from $64.00 to $62.00 and set a "buy" rating on the stock in a report on Thursday, July 30th. JPMorgan Chase & Co. reduced their price objective on Trip.com Group from $72.00 to $62.00 and set an "overweight" rating for the company in a report on Thursday, September 17th. Bank of America reaffirmed a "buy" rating on shares of Trip.com Group in a research report on Wednesday, July 29th. HSBC lowered Trip.com Group from a "buy" rating to a "hold" rating in a research note on Thursday, September 3rd. Finally, Nomura dropped their price target on Trip.com Group from $51.00 to $44.00 and set a "neutral" rating for the company in a report on Thursday, September 17th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $60.45.

Trip.com Group Company Profile

Trip.com Group Limited is a global online travel services provider headquartered in Shanghai, China. Founded in 1999 as Ctrip, the company adopted the Trip.com Group name in 2019. Its portfolio includes Trip.com, Ctrip, Qunar and Skyscanner.

The company offers travel-related services including hotel and other accommodation reservations, airline and train tickets, package tours, car rentals and corporate travel management. Its platforms also provide destination information and tools to help travelers plan and book trips.

Trip.com Group serves customers in China and international markets, connecting travelers with travel suppliers around the world.

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