Flossbach Von Storch SE Takes $1.20 Million Position in Trip.com Group Limited Sponsored ADR $TCOM

Flossbach Von Storch SE acquired a new position in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) in the second quarter, Holdings Channel reports. The institutional investor acquired 30,000 shares of the company’s stock, valued at approximately $1,195,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Davis Selected Advisers boosted its holdings in Trip.com Group by 2.3% in the fourth quarter. Davis Selected Advisers now owns 5,053,389 shares of the company’s stock valued at $363,389,000 after acquiring an additional 111,944 shares during the last quarter. Cantillon Capital Management LLC raised its holdings in Trip.com Group by 1.4% during the 4th quarter. Cantillon Capital Management LLC now owns 4,669,778 shares of the company’s stock worth $335,804,000 after purchasing an additional 63,637 shares during the last quarter. Temasek Holdings Private Ltd raised its holdings in Trip.com Group by 67.1% during the 4th quarter. Temasek Holdings Private Ltd now owns 2,239,671 shares of the company’s stock worth $161,055,000 after purchasing an additional 899,469 shares during the last quarter. Federated Hermes Inc. lifted its position in shares of Trip.com Group by 6.5% in the 4th quarter. Federated Hermes Inc. now owns 1,621,454 shares of the company’s stock worth $116,599,000 after purchasing an additional 98,386 shares during the period. Finally, CIBC Private Wealth Group LLC lifted its position in shares of Trip.com Group by 4.7% in the 4th quarter. CIBC Private Wealth Group LLC now owns 796,100 shares of the company’s stock worth $57,248,000 after purchasing an additional 35,734 shares during the period. 35.41% of the stock is owned by institutional investors and hedge funds.

Trip.com Group Trading Up 4.4%

NASDAQ:TCOM opened at $46.51 on Thursday. Trip.com Group Limited Sponsored ADR has a 12 month low of $38.04 and a 12 month 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 has a market capitalization of $30.21 billion, a price-to-earnings ratio of 7.28, a PEG ratio of 3.55 and a beta of -0.02. The firm has a fifty day simple moving average of $44.24 and a two-hundred day simple moving average of $49.40.

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

Analyst Ratings Changes

Several research firms have recently weighed in on TCOM. Nomura decreased their price objective on shares of Trip.com Group from $71.00 to $51.00 and set a “neutral” rating for the company in a research report on Friday, June 26th. Mizuho dropped their target price on shares of Trip.com Group from $79.00 to $65.00 and set an “outperform” rating on the stock in a report on Thursday, June 25th. Citigroup dropped their target price on shares of Trip.com Group from $64.00 to $62.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. 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 report on Friday, June 26th. Finally, Zacks Research lowered Trip.com Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 30th. Ten investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Trip.com Group presently has an average rating of “Moderate Buy” and an average price target 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.