Trip.com Group Limited Sponsored ADR $TCOM Stock: Vontobel Holding Ltd. Decreases Holdings

Key Points

• Vontobel Holding reduced its Trip.com Group stake by 3.4% in the third quarter, selling 48,307 shares and retaining 1.38 million shares valued at approximately $54 million.
• Institutional investors own 35.41% of Trip.com Group, with several funds—including ABN Amro Investment Solutions and Sei Investments—recently increasing their positions.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $60.45, while TCOM recently traded near $40.01, close to its 52-week low of $37.58.

Vontobel Holding Ltd. lowered its stake in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 3.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,381,799 shares of the company's stock after selling 48,307 shares during the quarter. Vontobel Holding Ltd. owned about 0.21% of Trip.com Group worth $54,028,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Perseverance Asset Management International purchased a new stake in shares of Trip.com Group during the first quarter worth approximately $33,608,000. ABN Amro Investment Solutions raised its position 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 worth $24,595,000 after buying an additional 235,997 shares during the last quarter. C WorldWide Group Holding A S raised its position in Trip.com Group by 2.1% during the 2nd quarter. C WorldWide Group Holding A S now owns 613,630 shares of the company's stock worth $24,447,000 after buying an additional 12,463 shares during the last quarter. Sei Investments Co. lifted its stake in shares of Trip.com Group by 24.8% in the 1st quarter. Sei Investments Co. now owns 370,430 shares of the company's stock worth $18,444,000 after acquiring an additional 73,650 shares during the period. Finally, Rockefeller Capital Management L.P. lifted its stake in shares of Trip.com Group by 4.8% in the 4th quarter. Rockefeller Capital Management L.P. now owns 233,596 shares of the company's stock worth $16,798,000 after acquiring an additional 10,695 shares during the period. Hedge funds and other institutional investors own 35.41% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on TCOM. China Renaissance reissued a "hold" rating and set a $42.00 price target on shares of Trip.com Group in a report on Thursday, July 2nd. Zacks Research lowered Trip.com Group from a "hold" rating to a "strong sell" rating in a report on Tuesday, June 30th. Nomura dropped their target price on Trip.com Group from $51.00 to $44.00 and set a "neutral" rating on the stock in a research report on Thursday, September 17th. Citigroup cut their target price on 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. Finally, Benchmark reissued a "buy" rating on shares of Trip.com Group in a research note on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $60.45.

Trip.com Group Stock Performance

NASDAQ TCOM traded up $0.08 during trading hours on Friday, reaching $40.01. The company's stock had a trading volume of 3,089,331 shares, compared to its average volume of 3,210,919. The company's 50-day moving average is $41.63 and its two-hundred day moving average is $45.55. Trip.com Group Limited Sponsored ADR has a fifty-two week low of $37.58 and a fifty-two week high of $78.99. The stock has a market cap of $25.99 billion, a PE ratio of 8.25, a PEG ratio of 3.26 and a beta of -0.04.

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

About Trip.com Group

Trip.com Group Limited NASDAQ: TCOM is a global online travel services company headquartered in Shanghai, China. Formerly known as Ctrip.com International, the company adopted the Trip.com Group name in 2019 as it expanded its international presence. Its platform connects travelers with travel-related products and services in China and markets around the world.

The company provides accommodation reservations, transportation ticketing, packaged tours, and other travel services. Its offerings include hotel and lodging bookings, flights, train tickets, car rentals, attraction tickets, and vacation products.

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.