After this afternoon's 8.4% surge to $61.45 per share, Trip.com might just keep moving past its target price of $64.39. With an average analyst rating of buy, and target prices from $47.98 to $79.97, the stock's next move is anyone's guess.
The stock has a very low short interest at 1.7%, and a short ratio of 2.99. At 0.0%, the company's rate of insider ownership does not indicate that management is heavily invested in the corporation. Finally, we also note that only a small number of institutional investors are invested in the stock, with 38.3% of Trip.com's shares being owned by this investor type.
Institutions Invested in Trip.com
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-06-30 | Capital World Investors | 8% | 49,898,317 | $3,066,251,617 |
| 2024-06-30 | Morgan Stanley | 4% | 23,780,398 | $1,461,305,475 |
| 2024-06-30 | Schroder Investment Management Group | 2% | 11,716,892 | $720,003,022 |
| 2024-06-30 | FIL LTD | 1% | 8,795,224 | $540,466,521 |
| 2024-06-30 | FMR, LLC | 1% | 8,374,418 | $514,607,992 |
| 2024-06-30 | Capital International Investors | 1% | 7,982,879 | $490,547,920 |
| 2024-06-30 | Sanders Capital, LLC | 1% | 7,103,636 | $436,518,437 |
| 2024-06-30 | Legal & General Group PLC | 1% | 4,740,011 | $291,273,679 |
| 2024-06-30 | Cantillon Capital Management LLC | 1% | 4,238,875 | $260,478,871 |
| 2024-06-30 | Coreview Capital Management Ltd. | 1% | 4,037,166 | $248,083,853 |
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on Trip.com.
