Capital Research & Management Co recently announced the acquisition of new stake in Trip.com Group Ltd ADR (NASDAQ:TCOM). The institutional investor has increased its shareholding in the Consumer Cyclical company by 15.87% to 27.36 million shares with purchase of 3.75 million shares. This fresh investment now brings its stake to 4.00% valued currently at $985.09 million. In addition, Capital Research & Management Co raised its holdings by 20903.0 to 8.45 million shares. And FIL Investments International has lifted its position by 16.44% or 1.12 million shares – to 7.97 million shares.
Currently, there are 660.10M common shares owned by the public and among those 659.32M shares have been available to trade.
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The top 3 mutual fund holders in Trip.com Group Ltd ADR are American Funds New Perspective Fu, American Funds Capital World Grow, and American Funds New World Fund. American Funds New Perspective Fu owns 14.73 million shares of the company’s stock, all valued at over $530.5 million. The company bought an additional 1.63 million shares recently to bring their total holdings to about 2.15% of the shares outstanding. American Funds Capital World Grow bought 5.74 million shares to see its total holdings expand to 11.63 million shares valued at over $418.88 million and representing 1.70% of the shares outstanding. American Funds New World Fund bought 1.05 million shares to bring its total holdings to over 7.29 million shares at a value of $262.36 million. American Funds New World Fund now owns shares totaling to 1.07% of the shares outstanding.
However, the script later moved the day high at 36.66, up 3.15%. The company’s stock has a 5-day price change of -1.37% and 12.34% over the past three months. TCOM shares are trading 0.11% year to date (YTD), with the 12-month market performance down to -5.83% lower. It has a 12-month low price of $30.70 and touched a high of $43.59 over the same period. TCOM has an average intraday trading volume of 4.10 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -0.48%, 2.89%, and 1.34% respectively.
Institutional ownership of Trip.com Group Ltd ADR (NASDAQ: TCOM) shares accounts for 38.24% of the company’s 660.10M shares outstanding. Mutual fund holders own 16.62%, while other institutional holders and individual stakeholders account for 21.47% and — respectively.
It has a market capitalization of $23.80B and a beta (3y monthly) value of 0.52. The stock’s trailing 12-month PE ratio is 16.02, while the earnings-per-share (ttm) stands at $2.25. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.34% over the week and 2.40% over the month.
Analysts forecast that Trip.com Group Ltd ADR (TCOM) will achieve an EPS of $0.33 for the current quarter, $0.49 for the next quarter and $2.41 for 2024. The lowest estimate earnings-per-share for the quarter is $0.25 while analysts give the company a high EPS estimate of $0.44. Comparatively, EPS for the current quarter was $0.11 a year ago. Earnings per share for the fiscal year are expected to increase by 757.19%, and 1.53% over the next financial year.
