Capital Research & Management Co has recently announced that it has increased stake in Trip.com Group Ltd ADR (NASDAQ:TCOM) by 15.87%. After grabbing 27.36 million shares, the institutional investor is now in possession of 3.75 million shares of the Consumer Cyclical Company. The new investment brought the stake of investor firm to 4.00% having worth around $962.38 million. Moreover, Capital Research & Management Co increased its share by 20903.0 to have a control over 8.45 million shares. And FIL Investments International raised its holdings to 1.12 million shares by acquiring 7.97 million shares or 1.17% of the stake.
Trip.com Group Ltd ADR (TCOM) concluded trading on 01/03/24 at a closing price of $36.37, with 4.53 million shares of worth about $164.6 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 3.59% during that period and on Wednesday the price saw a gain of about 1.99%. Currently the company’s common shares owned by public are about 660.10M shares, out of which, 660.06M shares are available for trading.
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American Funds New Perspective Fu, Government Pension Fund – Global, and American Funds EuroPacific Growth are the top 3 mutual funds which are holding stakes in Trip.com Group Ltd ADR American Funds New Perspective Fu is currently holding 13.1 million shares of worth totaling $460.85 million. The company recently came buying 1.5 million shares which brought its stake up to 1.92% of the company’s outstanding shares. Government Pension Fund – Global bought 0.28 million shares, after which its hold over company’s outstanding shares expand to 0.96%, leaving 6.55 million shares with the mutual fund that have a worth of about $230.58 million. American Funds EuroPacific Growth, after buying 6.53 million shares, have now control over 0.96% of the stake in the company. It holds 1.16 million shares of worth $229.66 million.
Trip.com Group Ltd ADR (NASDAQ: TCOM) started trading at $35.96, above $0.3 from concluding price of the previous day. However, the stock later moved at a day high price of 36.65, or with a gain of 1.99%. Stock saw a price change of 6.84% in past 5 days and over the past one month there was a price change of 6.53%. Year-to-date (YTD), TCOM shares are showing a performance of 1.00% which increased to 5.73% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $30.70 but also hit the highest price of $43.59 during that period. The average intraday trading volume for Trip.com Group Ltd ADR shares is 4.24 million. The stock is currently trading 7.14% above its 20-day simple moving average (SMA20), while that difference is up 6.10% for SMA50 and it goes to 2.24% higher than SMA200.
Capital Research & Management Co acquired 27.36 million shares of Trip.com Group Ltd ADR having value of about $962.38 million. Data submitted at the U.S SEC by Capital Research & Management Co revealed that the firm now holds 3.75 million shares in the company valued at close to $136248639.34, or have control over 15.87% stake in the company. Trip.com Group Ltd ADR (NASDAQ: TCOM) currently have 660.10M outstanding shares and institutions hold larger chunk of about 38.82% of that. Holding of mutual funds in the company is about 18.31% while other institutional holders and individual stake holders have control over 20.34% and — of the stake respectively.
The stock has a current market capitalization of $24.01B and its 3Y-monthly beta is at 0.53. PE ratio of stock for trailing 12 months is 16.16, while it has posted earnings per share of $2.25 in the same period. It has Quick Ratio of 1.17 while making debt-to-equity ratio of 0.41. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for TCOM, volatility over the week remained 2.23% while standing at 1.94% over the month.
Analysts are in expectations that Trip.com Group Ltd ADR (TCOM) stock would likely to be making an EPS of $0.33 in the current quarter, while forecast for next quarter EPS is $0.5 and it is $2.41 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.25 which is $0.44 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.11 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 752.55% while it is estimated to increase by 1.55% in next year.
Analysts at 40 brokerage firms have issued recommendations for the Trip.com Group Ltd ADR (TCOM)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.27. Out of those 40 Wall Street analysts, 31 recommended a “Buy” rating, while 2 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
