Trip.com Group Limited Sponsored ADR $TCOM Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB cut its holdings in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 36.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 262,000 shares of the company’s stock after selling 150,000 shares during the period. Handelsbanken Fonder AB’s holdings in Trip.com Group were worth $10,438,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in TCOM. APEIRON CAPITAL Ltd acquired a new stake in shares of Trip.com Group during the 1st quarter valued at $3,485,000. Hsbc Holdings PLC grew its holdings in shares of Trip.com Group by 544.1% in the 4th quarter. Hsbc Holdings PLC now owns 73,747 shares of the company’s stock worth $5,280,000 after acquiring an additional 62,298 shares during the last quarter. Osborne Partners Capital Management LLC grew its holdings in shares of Trip.com Group by 21.9% in the 4th quarter. Osborne Partners Capital Management LLC now owns 175,820 shares of the company’s stock worth $12,643,000 after acquiring an additional 31,620 shares during the last quarter. M&T Bank Corp acquired a new stake in shares of Trip.com Group during the fourth quarter worth $2,590,000. Finally, ABN Amro Investment Solutions raised its position in shares of Trip.com Group by 91.5% during the first quarter. ABN Amro Investment Solutions now owns 493,968 shares of the company’s stock worth $24,595,000 after purchasing an additional 235,997 shares during the period. 35.41% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Jefferies Financial Group reiterated a “buy” rating and issued a $63.00 price target on shares of Trip.com Group in a research report on Tuesday, July 28th. Barclays reduced their price objective on shares of Trip.com Group from $75.00 to $60.00 and set an “overweight” rating for the company in a research note on Friday, June 26th. Bank of America reiterated a “buy” rating on shares of Trip.com Group in a report on Wednesday, July 29th. China Renaissance reissued a “hold” rating and issued a $42.00 target price on shares of Trip.com Group in a research report on Thursday, July 2nd. Finally, Nomura cut their price target on shares of Trip.com Group from $71.00 to $51.00 and set a “neutral” rating on the stock in a report on Friday, June 26th. Ten equities research 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, the company currently has an average rating of “Moderate Buy” and an average target price of $63.75.

Trip.com Group Stock Performance

Shares of TCOM stock opened at $45.02 on Friday. The company has a market capitalization of $29.24 billion, a price-to-earnings ratio of 7.05, a P/E/G ratio of 3.63 and a beta of -0.02. Trip.com Group Limited Sponsored ADR has a 1-year low of $38.04 and a 1-year high of $78.99. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.06. The stock’s fifty day simple moving average is $44.42 and its 200-day simple moving average is $49.89.

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

Trip.com Group 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.