Trip.com Group Limited Sponsored ADR $TCOM Stock Sold by Capstone Capital Management Ltd

Key Points

• Capstone Capital Management cut its Trip.com Group position by 63.2% in the third quarter, selling 46,914 shares and retaining 27,321 shares valued at approximately $1.07 million.
• Other institutional investors increased or initiated positions, while institutional ownership stood at 35.41% of Trip.com Group’s outstanding shares.
• Analysts maintained a generally positive outlook, with a consensus “Moderate Buy” rating and a $60.45 average price target, despite the stock trading near $40.30 and well below its 52-week high of $78.99.

Capstone Capital Management Ltd decreased its position in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 63.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 27,321 shares of the company's stock after selling 46,914 shares during the period. Capstone Capital Management Ltd's holdings in Trip.com Group were worth $1,068,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Perseverance Asset Management International acquired a new stake in Trip.com Group during the 1st quarter worth $33,608,000. C WorldWide Group Holding A S grew its stake in Trip.com Group by 2.1% in the second quarter. C WorldWide Group Holding A S now owns 613,630 shares of the company's stock valued at $24,447,000 after acquiring an additional 12,463 shares during the period. ABN Amro Investment Solutions grew its stake in Trip.com Group by 91.5% in the first quarter. ABN Amro Investment Solutions now owns 493,968 shares of the company's stock valued at $24,595,000 after acquiring an additional 235,997 shares during the period. Sei Investments Co. grew its stake in Trip.com Group by 24.8% in the first quarter. Sei Investments Co. now owns 370,430 shares of the company's stock valued at $18,444,000 after acquiring an additional 73,650 shares during the period. Finally, Ardmore Road Asset Management LP bought a new stake in shares of Trip.com Group in the first quarter worth about $14,937,000. Institutional investors own 35.41% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Citigroup decreased their price objective on Trip.com Group from $64.00 to $62.00 and set a "buy" rating for the company in a research report on Thursday, July 30th. Bank of America restated a "buy" rating on shares of Trip.com Group in a report on Wednesday, July 29th. TD Cowen raised shares of Trip.com Group to a "strong-buy" rating in a research note on Monday, September 14th. Barclays cut their price target on shares of Trip.com Group from $75.00 to $60.00 and set an "overweight" rating on the stock in a research note on Friday, June 26th. Finally, Benchmark reiterated a "buy" rating on shares of Trip.com Group in a report on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $60.45.

Trip.com Group Stock Performance

Shares of Trip.com Group stock opened at $40.30 on Wednesday. The firm has a market cap of $26.18 billion, a PE ratio of 6.68, a P/E/G ratio of 3.23 and a beta of -0.04. The business's 50 day simple moving average is $41.36 and its 200 day simple moving average is $45.38. Trip.com Group Limited Sponsored ADR has a 52-week low of $37.58 and a 52-week high of $78.99.

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 business had revenue of $2.31 billion during the quarter. Trip.com Group had a net margin of 36.07% and a return on equity of 16.99%. As a group, equities research analysts predict that Trip.com Group Limited Sponsored ADR will post 3.07 EPS for the current year.

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.

Want to see what other hedge funds are holding TCOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.