Trip.com Group Limited Sponsored ADR $TCOM Stock Sold by AIA Group Ltd

Key Points

• AIA Group cut its Trip.com position by 44.1% in the third quarter, selling 50,358 shares and retaining 63,730 shares valued at $2.49 million.
• Trip.com shares opened at $42.69 and were reported up 3.2%; the stock’s 12-month range was $37.58–$78.99.
• Analysts’ consensus rating was “Moderate Buy”, with an average price target of $60.45. The company reported quarterly EPS of $1.07 and revenue of $2.31 billion.

AIA Group Ltd lessened its position in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 44.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 63,730 shares of the company's stock after selling 50,358 shares during the period. AIA Group Ltd's holdings in Trip.com Group were worth $2,492,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Perseverance Asset Management International bought a new position in shares of Trip.com Group in the first quarter valued at approximately $33,608,000. Ardmore Road Asset Management LP bought a new stake in Trip.com Group during the 1st quarter worth approximately $14,937,000. ABN Amro Investment Solutions increased its holdings in Trip.com Group by 91.5% during the 1st quarter. ABN Amro Investment Solutions now owns 493,968 shares of the company's stock valued at $24,595,000 after purchasing an additional 235,997 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Trip.com Group during the 2nd quarter valued at $5,210,000. Finally, Royal Bank of Canada grew its holdings in shares of Trip.com Group by 162.6% during the first 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 during the last quarter. Institutional investors own 35.41% of the company's stock.

Trip.com Group Trading Up 3.2%

TCOM opened at $42.69 on Thursday. The stock has a market capitalization of $27.73 billion and a P/E ratio of 6.98. Trip.com Group Limited Sponsored ADR has a 12 month low of $37.58 and a 12 month high of $78.99. The firm's fifty day simple moving average is $40.22 and its 200 day simple moving average is $47.66.

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

Analyst Ratings Changes

TCOM has been the topic of several research reports. Benchmark reiterated a "buy" rating on shares of Trip.com Group in a research report on Tuesday, July 28th. Mizuho decreased their price target on shares of Trip.com Group from $65.00 to $60.00 and set an "outperform" rating on the stock in a research note on Wednesday, September 16th. Bank of America reissued a "buy" rating on shares of Trip.com Group in a report on Wednesday, July 29th. Nomura dropped their price objective on shares of Trip.com Group from $51.00 to $44.00 and set a "neutral" rating for the company in a research report on Thursday, September 17th. Finally, Jefferies Financial Group reaffirmed a "buy" rating and set a $63.00 price objective on shares of Trip.com Group in a report on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $60.45.

About Trip.com Group

Trip.com Group Limited NASDAQ: TCOM is a global online travel services company headquartered in China. Founded in 1999 as Ctrip, the company changed its name to Trip.com Group in 2019 to reflect its expanding international operations and portfolio of travel brands.

The company operates online platforms that help travelers research, plan and book trips. Its services include hotel and accommodation reservations, airline and train ticketing, vacation packages, attraction tickets, car rentals and other travel-related products.

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