C WorldWide Group Holding A S Cuts Stake in Trip.com Group Limited Sponsored ADR $TCOM

C WorldWide Group Holding A S reduced its position in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 34.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 852,833 shares of the company’s stock after selling 449,140 shares during the quarter. Trip.com Group comprises approximately 0.7% of C WorldWide Group Holding A S’s investment portfolio, making the stock its 22nd biggest holding. C WorldWide Group Holding A S’s holdings in Trip.com Group were worth $50,010,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of TCOM. ARGA Investment Management LP lifted its stake in shares of Trip.com Group by 41.2% during the second quarter. ARGA Investment Management LP now owns 6,044,104 shares of the company’s stock worth $354,426,000 after buying an additional 1,763,562 shares during the period. Davis Selected Advisers lifted its stake in shares of Trip.com Group by 29.8% during the first quarter. Davis Selected Advisers now owns 4,862,997 shares of the company’s stock worth $309,189,000 after buying an additional 1,115,836 shares during the period. Cantillon Capital Management LLC lifted its stake in shares of Trip.com Group by 14.6% during the second quarter. Cantillon Capital Management LLC now owns 4,097,251 shares of the company’s stock worth $240,263,000 after buying an additional 520,438 shares during the period. Voya Investment Management LLC lifted its stake in shares of Trip.com Group by 41.4% during the first quarter. Voya Investment Management LLC now owns 2,979,370 shares of the company’s stock worth $189,428,000 after buying an additional 872,630 shares during the period. Finally, Russell Investments Group Ltd. lifted its stake in shares of Trip.com Group by 48.7% during the first quarter. Russell Investments Group Ltd. now owns 2,386,398 shares of the company’s stock worth $151,727,000 after buying an additional 781,916 shares during the period. 35.41% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on TCOM. Sanford C. Bernstein lifted their price objective on shares of Trip.com Group from $75.00 to $78.00 and gave the stock an “outperform” rating in a research note on Friday, August 29th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Trip.com Group in a research note on Wednesday, October 8th. Mizuho lifted their price objective on shares of Trip.com Group from $78.00 to $81.00 and gave the stock an “outperform” rating in a research note on Thursday, August 28th. Barclays lifted their price objective on shares of Trip.com Group from $84.00 to $85.00 and gave the stock an “overweight” rating in a research note on Friday, August 29th. Finally, Zacks Research downgraded shares of Trip.com Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 28th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $76.98.

Trip.com Group Trading Up 0.7%

NASDAQ TCOM opened at $70.49 on Thursday. The company has a market capitalization of $46.05 billion, a PE ratio of 19.31, a P/E/G ratio of 2.79 and a beta of 0.03. The company has a fifty day moving average of $73.11 and a 200 day moving average of $65.56. Trip.com Group Limited Sponsored ADR has a 1 year low of $51.35 and a 1 year high of $78.65. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.33 and a quick ratio of 1.33.

Trip.com Group Profile

Trip.com Group Limited, through its subsidiaries, operates as a travel service provider for accommodation reservation, transportation ticketing, packaged tours and in-destination, corporate travel management, and other travel-related services in China and internationally. The company acts as an agent for hotel-related transactions and selling air tickets, as well as provides train, long-distance bus, and ferry tickets; travel insurance products, such as flight delay, air accident, and baggage loss coverage; and air-ticket delivery, online check-in and seat selection, express security screening, real-time flight status tracker, and airport VIP lounge services.