Cantillon Capital Management LLC Reduces Stock Position in Trip.com Group Limited Sponsored ADR $TCOM

Cantillon Capital Management LLC cut its holdings in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 1.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,589,621 shares of the company’s stock after selling 80,157 shares during the period. Cantillon Capital Management LLC owned 0.70% of Trip.com Group worth $228,517,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of TCOM. Davis Selected Advisers raised its holdings in Trip.com Group by 2.3% during the 4th 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 period. Temasek Holdings Private Ltd lifted its position in shares of Trip.com Group by 67.1% during the fourth quarter. Temasek Holdings Private Ltd now owns 2,239,671 shares of the company’s stock worth $161,055,000 after acquiring an additional 899,469 shares in the last quarter. Federated Hermes Inc. boosted its holdings in shares of Trip.com Group by 6.5% in the fourth quarter. Federated Hermes Inc. now owns 1,621,454 shares of the company’s stock worth $116,599,000 after acquiring an additional 98,386 shares during the period. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Trip.com Group by 10.6% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,022,009 shares of the company’s stock worth $73,493,000 after acquiring an additional 97,866 shares during the period. Finally, CIBC Private Wealth Group LLC grew its position in shares of Trip.com Group by 4.7% in the fourth quarter. CIBC Private Wealth Group LLC now owns 796,100 shares of the company’s stock valued at $57,248,000 after purchasing an additional 35,734 shares in the last quarter. 35.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on TCOM shares. Nomura decreased their price objective on Trip.com Group from $71.00 to $51.00 and set a “neutral” rating on the stock in a research note on Friday, June 26th. Mizuho cut their target price on Trip.com Group from $79.00 to $65.00 and set an “outperform” rating for the company in a research note on Thursday, June 25th. Citigroup reduced their target price on Trip.com Group from $82.00 to $64.00 and set a “buy” rating for the company in a report on Thursday, June 25th. China Renaissance reiterated a “hold” rating and set a $42.00 price target on shares of Trip.com Group in a research report on Thursday, July 2nd. Finally, Barclays cut their price objective on shares of Trip.com Group from $75.00 to $60.00 and set an “overweight” rating for the company in a research report on Friday, June 26th. 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’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $63.20.

Trip.com Group Stock Performance

Shares of TCOM stock opened at $42.45 on Monday. The company has a market capitalization 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 52-week low of $38.04 and a 52-week high of $78.99. The business’s fifty day moving average is $45.69 and its 200 day moving average is $53.11. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.53 and a current ratio of 1.53.

Trip.com Group (NASDAQ:TCOM) last posted its earnings results on Thursday, June 25th. The company reported $0.83 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.02). The business had revenue of $2.35 billion for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 17.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.82 earnings per share. On average, equities research analysts anticipate that Trip.com Group Limited Sponsored ADR will post 3.27 EPS for the current fiscal year.

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.