Edmond DE Rothschild Holding S.A. has reduced its investment in Trip.com Group Limited (NASDAQ: TCOM) by 12.4%, as reported in its recent filing with the U.S. Securities and Exchange Commission (SEC). The firm sold 6,500 shares during the second quarter, leaving it with a total of 45,972 shares valued at approximately $2,696,000 by the end of the reporting period.
This adjustment is part of a broader trend among institutional investors regarding their stakes in Trip.com. For instance, ARGA Investment Management LP increased its holdings by an impressive 41.2%, acquiring an additional 1,763,562 shares during the same quarter, bringing its total to 6,044,104 shares worth roughly $354,426,000.
Davis Selected Advisers also expanded its position, raising its stake by 29.8% in the first quarter. After purchasing an additional 1,115,836 shares, it now holds 4,862,997 shares valued at approximately $309,189,000.
Another notable change came from National Bank of Canada FI, which dramatically grew its investment by 220,646.1% in the first quarter. The bank now owns 1,019,847 shares, worth about $64,842,000, after acquiring 1,019,385 shares in the last quarter. Additionally, Voya Investment Management LLC increased its holdings by 41.4%, now owning 2,979,370 shares valued at $189,428,000.
Temasek Holdings Private Ltd also entered the fray, purchasing a new position in Trip.com valued at $54,568,000. Together, institutional investors now control 35.41% of Trip.com’s stock.
Current Market Performance
Shares of Trip.com Group opened at $70.30 on Wednesday. The stock has experienced fluctuations throughout the year, with a low of $51.35 and a high of $78.65. The company’s 50-day moving average stands at $72.63, while the 200-day moving average is $66.84. Financial metrics indicate a current ratio of 1.33, a quick ratio of 1.33, and a debt-to-equity ratio of 0.07. Trip.com boasts a market capitalization of $45.92 billion and a price-to-earnings (PE) ratio of 19.26.
Company Overview
Trip.com Group Limited serves as a comprehensive travel service provider, offering services such as accommodation reservations, transportation ticketing, packaged tours, and corporate travel management both in China and internationally. The company operates as an agent for hotel bookings and air ticket sales, and offers additional services including train, long-distance bus, and ferry ticket sales. It also provides various travel insurance products and conveniences such as online check-in and real-time flight status tracking.
As institutional investors continue to adjust their positions in Trip.com, the company’s performance in the travel services market remains a point of interest for analysts and stakeholders alike.
