ABN Amro Investment Solutions Acquires 235,997 Shares of Trip.com Group Limited Sponsored ADR $TCOM

ABN Amro Investment Solutions increased its holdings in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 91.5% in the first quarter, HoldingsChannel reports. The firm owned 493,968 shares of the company’s stock after purchasing an additional 235,997 shares during the period. ABN Amro Investment Solutions’ holdings in Trip.com Group were worth $24,595,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Davis Selected Advisers grew its position in shares of 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 purchasing an additional 111,944 shares during the last quarter. Cantillon Capital Management LLC boosted its stake 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 valued at $335,804,000 after purchasing an additional 63,637 shares during the period. Temasek Holdings Private Ltd grew its holdings in Trip.com Group by 67.1% in the 4th quarter. Temasek Holdings Private Ltd now owns 2,239,671 shares of the company’s stock valued at $161,055,000 after buying an additional 899,469 shares during the last quarter. Federated Hermes Inc. grew its holdings in Trip.com Group by 6.5% in the 4th quarter. Federated Hermes Inc. now owns 1,621,454 shares of the company’s stock valued at $116,599,000 after buying an additional 98,386 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its holdings in Trip.com Group by 10.6% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,022,009 shares of the company’s stock valued at $73,493,000 after buying an additional 97,866 shares during the last quarter. 35.41% of the stock is owned by institutional investors and hedge funds.

Trip.com Group Price Performance

NASDAQ:TCOM opened at $43.65 on Wednesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.53 and a current ratio of 1.53. The company has a 50-day moving average of $45.36 and a 200-day moving average of $52.71. Trip.com Group Limited Sponsored ADR has a 52 week low of $38.04 and a 52 week high of $78.99. The company has a market capitalization of $28.35 billion, a price-to-earnings ratio of 6.83, a PEG ratio of 3.38 and a beta of -0.03.

Trip.com Group (NASDAQ:TCOM) last posted its earnings results on Thursday, June 25th. The company reported $0.83 earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.02). Trip.com Group had a net margin of 48.26% and a return on equity of 17.57%. The business had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.30 billion. During the same period in the previous year, the firm earned $0.82 EPS. The business’s revenue was up 17.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Trip.com Group Limited Sponsored ADR will post 3.27 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

TCOM has been the subject of a number of research analyst reports. Nomura cut their price target on Trip.com Group from $71.00 to $51.00 and set a “neutral” rating for the company in a report on Friday, June 26th. Mizuho lowered their price objective on shares of Trip.com Group from $79.00 to $65.00 and set an “outperform” rating on the stock in a research note on Thursday, June 25th. Bank of America dropped their target price on shares of Trip.com Group from $78.00 to $64.00 and set a “buy” rating on the stock in a research report on Monday, June 29th. Benchmark cut their target price on shares of Trip.com Group from $72.00 to $65.00 and set a “buy” rating for the company in a research note on Thursday, June 25th. Finally, Weiss Ratings downgraded shares of Trip.com Group from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 25th. Eight investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $63.20.

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.