B. Metzler seel. Sohn & Co. AG Has $1.30 Million Stake in Trip.com Group Limited Sponsored ADR $TCOM

B. Metzler seel. Sohn & Co. AG lowered its stake in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 66.6% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,233 shares of the company’s stock after selling 34,365 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in Trip.com Group were worth $1,296,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Norges Bank bought a new position in shares of Trip.com Group during the 2nd quarter worth about $45,205,000. Cantillon Capital Management LLC raised its stake in Trip.com Group by 12.4% during the 3rd quarter. Cantillon Capital Management LLC now owns 4,606,141 shares of the company’s stock worth $346,382,000 after buying an additional 508,890 shares during the period. Federated Hermes Inc. raised its stake in Trip.com Group by 45.5% during the 2nd quarter. Federated Hermes Inc. now owns 1,273,369 shares of the company’s stock worth $74,670,000 after buying an additional 398,470 shares during the period. Ardmore Road Asset Management LP bought a new position in Trip.com Group in the second quarter worth approximately $20,524,000. Finally, New York State Common Retirement Fund grew its stake in Trip.com Group by 74.3% in the third quarter. New York State Common Retirement Fund now owns 712,021 shares of the company’s stock valued at $53,544,000 after acquiring an additional 303,600 shares during the period. 35.41% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on TCOM shares. TD Cowen decreased their price objective on Trip.com Group from $73.00 to $68.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Barclays reissued an “overweight” rating and issued a $75.00 price target on shares of Trip.com Group in a research report on Thursday, February 26th. Bank of America boosted their price target on shares of Trip.com Group from $83.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, November 20th. Citigroup upped their price objective on shares of Trip.com Group from $85.00 to $86.00 and gave the stock a “buy” rating in a report on Wednesday, November 19th. Finally, Benchmark dropped their price objective on shares of Trip.com Group from $82.00 to $72.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. Nine analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $77.00.

Trip.com Group Price Performance

TCOM opened at $53.18 on Wednesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.55 and a quick ratio of 1.48. The company has a market capitalization of $34.74 billion, a price-to-earnings ratio of 7.94, a P/E/G ratio of 3.68 and a beta of -0.15. The firm’s fifty day moving average price is $60.98 and its two-hundred day moving average price is $68.21. Trip.com Group Limited Sponsored ADR has a 1 year low of $49.48 and a 1 year high of $78.99.

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.