Cantillon Capital Management LLC Lowers Stake in Trip.com Group Limited Sponsored ADR $TCOM

Cantillon Capital Management LLC cut its stake in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 1.7% in the 1st quarter, Holdings Channel reports. The fund owned 4,589,621 shares of the company’s stock after selling 80,157 shares during the quarter. Cantillon Capital Management LLC’s holdings in Trip.com Group were worth $228,517,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. TT International Asset Management LTD bought a new position in shares of Trip.com Group during the 4th quarter valued at about $3,247,000. Robeco Institutional Asset Management B.V. grew its position in Trip.com Group by 10.6% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,022,009 shares of the company’s stock valued at $73,493,000 after acquiring an additional 97,866 shares during the last quarter. APEIRON CAPITAL Ltd purchased a new position in shares of Trip.com Group during the first quarter worth approximately $3,485,000. Boston Common Asset Management LLC raised its stake in shares of Trip.com Group by 104.1% during the fourth quarter. Boston Common Asset Management LLC now owns 335,934 shares of the company’s stock worth $24,157,000 after acquiring an additional 171,358 shares in the last quarter. Finally, Osborne Partners Capital Management LLC lifted 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. Hedge funds and other institutional investors own 35.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TCOM. Bank of America cut their price objective on shares of Trip.com Group from $78.00 to $64.00 and set a “buy” rating for the company in a research note on Monday, June 29th. Weiss Ratings lowered shares of Trip.com Group from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 25th. Benchmark decreased their price objective on Trip.com Group from $72.00 to $65.00 and set a “buy” rating on the stock in a report on Thursday, June 25th. Zacks Research lowered Trip.com Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 30th. Finally, Mizuho reduced their price target on Trip.com Group from $79.00 to $65.00 and set an “outperform” rating on the stock in a research report on Thursday, June 25th. Eight equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Trip.com Group currently has an average rating of “Moderate Buy” and an average price target of $63.20.

Trip.com Group Price Performance

Shares of Trip.com Group stock opened at $42.45 on Monday. The firm has a market cap of $27.57 billion, a PE ratio of 6.64, a price-to-earnings-growth ratio of 3.25 and a beta of -0.03. 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 quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.06. The company’s fifty day simple moving average is $45.69 and its two-hundred day simple moving average is $53.11.

Trip.com Group (NASDAQ:TCOM) last issued 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). The firm had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.30 billion. Trip.com Group had a net margin of 48.26% and a return on equity of 17.57%. The business’s revenue was up 17.2% on a year-over-year basis. During the same period last year, the company posted $0.82 earnings per share. As a group, equities analysts expect that Trip.com Group Limited Sponsored ADR will post 3.27 EPS for the current 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.