Edmond DE Rothschild Reduces Stake in Trip.com Group by 12.4%

Edmond DE Rothschild Holding S.A. has reduced its stake in Trip.com Group Limited Sponsored ADR (NASDAQ: TCOM) by 12.4% during the second quarter of 2023. According to HoldingsChannel.com, the investment firm now holds 45,972 shares after selling 6,500 shares during this period. The value of their holdings in Trip.com Group is approximately $2.70 million at the end of the most recent quarter.

Several other institutional investors have also made adjustments to their positions in Trip.com Group. For instance, Stone House Investment Management LLC initiated a new position valued at around $32,000 in the first quarter of the year. Meanwhile, NewEdge Advisors LLC significantly increased its holdings by 384.6% during the same period, now owning 567 shares valued at $36,000 after acquiring an additional 450 shares.

In the second quarter, First Horizon Advisors Inc. boosted its position in Trip.com Group by 67.2%, owning 851 shares worth $50,000 after purchasing an extra 342 shares. Additionally, Summit Securities Group LLC acquired a new stake worth $58,000 in the first quarter, while MAI Capital Management remarkably increased its holdings by 14,928.6% during the second quarter, now owning 1,052 shares valued at $62,000. Overall, institutional investors now control 35.41% of Trip.com Group’s stock.

As of the latest trading session, Trip.com Group Limited Sponsored ADR opened at $70.30. The stock has experienced fluctuations over the past year, with a low of $51.35 and a high of $78.65. The company’s market capitalization stands at approximately $45.92 billion, and it has a price-to-earnings (PE) ratio of 19.26. The firm reports a quick ratio of 1.33 and a current ratio of 1.33, with a debt-to-equity ratio of only 0.07.

Trip.com Group Overview

Trip.com Group Limited operates as a comprehensive travel service provider, offering various services including accommodation reservations, transportation ticketing, packaged tours, and corporate travel management. The company engages in hotel-related transactions and sells air tickets while also providing train, long-distance bus, and ferry tickets. Furthermore, Trip.com Group offers travel insurance products, such as flight delay, air accident, and baggage loss coverage, along with additional services like online check-in, seat selection, and airport VIP lounge access.

For those interested in further insights into Trip.com Group and its investors, HoldingsChannel.com provides detailed information regarding hedge fund holdings and insider trades related to the company.