Vontobel Holding Ltd. Has $91.01 Million Position in Trip.com Group Limited Sponsored ADR $TCOM

Vontobel Holding Ltd. reduced its position in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 3.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,265,598 shares of the company’s stock after selling 39,819 shares during the quarter. Vontobel Holding Ltd.’s holdings in Trip.com Group were worth $91,009,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in TCOM. Brown Brothers Harriman & Co. raised its position in shares of Trip.com Group by 237.3% in the fourth quarter. Brown Brothers Harriman & Co. now owns 398 shares of the company’s stock valued at $29,000 after buying an additional 280 shares in the last quarter. TD Private Client Wealth LLC acquired a new stake in shares of Trip.com Group in the fourth quarter valued at approximately $31,000. NewEdge Advisors LLC raised its position in shares of Trip.com Group by 384.6% in the first quarter. NewEdge Advisors LLC now owns 567 shares of the company’s stock valued at $36,000 after buying an additional 450 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Trip.com Group by 44.2% in the second quarter. EverSource Wealth Advisors LLC now owns 701 shares of the company’s stock valued at $41,000 after buying an additional 215 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its position in shares of Trip.com Group by 601.3% in the third quarter. Caitong International Asset Management Co. Ltd now owns 554 shares of the company’s stock valued at $42,000 after buying an additional 475 shares in the last quarter. 35.41% of the stock is owned by institutional investors and hedge funds.

Trip.com Group Stock Down 1.9%

NASDAQ TCOM opened at $46.47 on Friday. The business has a fifty day moving average price of $50.59 and a two-hundred day moving average price of $58.16. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.55 and a quick ratio of 1.55. Trip.com Group Limited Sponsored ADR has a fifty-two week low of $45.92 and a fifty-two week high of $78.99. The stock has a market capitalization of $30.19 billion, a PE ratio of 6.94, a PEG ratio of 3.29 and a beta of -0.07.

Trip.com Group (NASDAQ:TCOM) last released its earnings results on Saturday, February 14th. The company reported $0.71 earnings per share for the quarter. Trip.com Group had a return on equity of 18.56% and a net margin of 53.28%.The firm had revenue of $2.20 billion during the quarter. Equities analysts expect that Trip.com Group Limited Sponsored ADR will post 3.61 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

TCOM has been the subject of a number of analyst reports. Barclays reiterated an “overweight” rating and issued a $75.00 price target on shares of Trip.com Group in a research report on Thursday, February 26th. TD Cowen dropped their price target on shares of Trip.com Group from $73.00 to $68.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. Benchmark dropped their price target on shares of Trip.com Group from $82.00 to $72.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. Zacks Research downgraded shares of Trip.com Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 20th. Finally, Weiss Ratings downgraded shares of Trip.com Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, March 2nd. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $77.50.

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.