Royal Bank of Canada Has $6.79 Million Stake in Trip.com Group Limited Sponsored ADR $TCOM

Royal Bank of Canada increased its position in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 162.6% during the first quarter, Holdings Channel.com reports. The firm owned 136,340 shares of the company’s stock after buying an additional 84,423 shares during the quarter. Royal Bank of Canada’s holdings in Trip.com Group were worth $6,789,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. Empowered Funds LLC increased its stake in Trip.com Group by 227.1% during the 1st quarter. Empowered Funds LLC now owns 10,883 shares of the company’s stock valued at $542,000 after purchasing an additional 7,556 shares in the last quarter. Ardmore Road Asset Management LP bought a new position in shares of Trip.com Group in the first quarter valued at $14,937,000. OMERS ADMINISTRATION Corp grew its holdings in shares of Trip.com Group by 57.7% during the first quarter. OMERS ADMINISTRATION Corp now owns 19,689 shares of the company’s stock valued at $980,000 after buying an additional 7,200 shares during the last quarter. Waverly Advisors LLC acquired a new position in shares of Trip.com Group during the first quarter valued at about $291,000. Finally, Perseverance Asset Management International bought a new stake in shares of Trip.com Group during the first quarter worth about $33,608,000. Institutional investors and hedge funds own 35.41% of the company’s stock.

Trip.com Group Stock Down 2.0%

Trip.com Group stock opened at $46.20 on Wednesday. Trip.com Group Limited Sponsored ADR has a fifty-two week low of $38.04 and a fifty-two week high of $78.99. The stock has a market cap of $30.01 billion, a PE ratio of 7.23, a price-to-earnings-growth ratio of 3.76 and a beta of -0.02. The firm’s 50-day simple moving average is $44.53 and its 200 day simple moving average is $50.13. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.53 and a current ratio of 1.53.

Trip.com Group (NASDAQ:TCOM) last posted its quarterly earnings data on Thursday, June 25th. The company reported $0.83 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.02). Trip.com Group had a net margin of 48.26% and a return on equity of 17.57%. The firm had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.30 billion. During the same quarter last year, the business posted $0.82 EPS. The company’s quarterly revenue was up 17.2% on a year-over-year basis. Research analysts predict that Trip.com Group Limited Sponsored ADR will post 3.14 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Barclays lowered their target price on shares of Trip.com Group from $75.00 to $60.00 and set an “overweight” rating on the stock in a report on Friday, June 26th. Mizuho cut their price target on Trip.com Group from $79.00 to $65.00 and set an “outperform” rating for the company in a research note on Thursday, June 25th. Nomura decreased their price objective on Trip.com Group from $71.00 to $51.00 and set a “neutral” rating for the company in a report on Friday, June 26th. Weiss Ratings downgraded Trip.com Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 25th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $63.00 target price on shares of Trip.com Group in a report on Tuesday, July 28th. Ten analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $63.75.

Trip.com Group Company 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.