Unusual trade of put options in Trip.com Group Ltd – ADR (TCOM) worth $330,000

On May 22, 2023 at 09:44:49 ET an unusually large $330,000 block of Put contracts in Trip.com Group Ltd – ADR (TCOM) was purchased, with a strike price of $40.00 / share, expiring in 116 days) (September 15, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 3.02 sigma above the average, placing it in the 100.00th percentile of all recent large trades made in TCOM options .

This trade was first detected on Fintel’s real-time options feed tool, where unusual options trades are highlighted.

What is fund sentiment?

There are 698 funds or institutions reporting positions in Trip.com Group Ltd – ADR. This is an increase of 70 owner(s) or 11.15% in the last quarter. Average portfolio weight of all funds dedicated to TCOM is 0.73%, an increase of 23.53%. The total number of shares held by institutions has decreased by 7.04% over the past three months to 363,954,000 shares. TCOM’s put/call ratio is 0.65, indicating a bullish outlook.

Analyst price forecast suggests 45.23% upside

As of May 11, 2023, the average 1-year price target for Trip.com Group Ltd – ADR is 48.29. The forecast ranges from a low of 41.55 to a high of $60.78. The average price target represents a 45.23% increase from its last published closing price of 33.25.

Check out our ranking of companies with the biggest upward price target.

The forecast annual revenue for Trip.com Group Ltd – ADR is 30,384 million, an increase of 51.62%. Projected annual non-GAAP EPS is 7.56.

What are the other shareholders doing?

FIL holds 19,879,000 shares representing 3.08% ownership of the company. In its previous filing, the company stated that it holds 22,730,000 shares, representing a decrease of 14.34%. The company decreases its portfolio allocation in TCOM of 48.08% over the last quarter.

ARTKX – Artisan International Value Fund Investor Shares holds 15,889,000 shares representing 2.46% ownership of the company. In its previous filing, the company stated that it held 22,127,000 shares, representing a decrease of 39.26%. The company decreases its portfolio allocation in TCOM of 20.02% over the last quarter.

Capital International Investors holds 8,351,000 shares representing 1.29% ownership of the company. In its previous filing, the company stated that it holds 10,428,000 shares, representing a decrease of 24.88%. The company decreases its portfolio allocation in TCOM of 15.96% over the last quarter.

Pzena Investment Management holds 7,889,000 shares representing 1.22% ownership of the company. In its previous filing, the company stated that it holds 9,678,000 shares, representing a decrease of 22.67%. The company decreases its portfolio allocation in TCOM of 13.29% over the last quarter.

KWEB – KraneShares CSI China Internet ETF holds 7,591,000 shares representing 1.17% ownership of the company. In its previous filing, the company said it held 10,271,000 shares, representing a decrease of 35.30%. The company decreases its portfolio allocation in TCOM of 22.89% over the last quarter.

General information about the Trip.com group
(This description is provided by the company.)

Trip.com Group Limited is a leading one-stop travel service provider consisting of Trip.com, Ctrip, Skyscanner and Qunar. Across all of its platforms, Trip.com Group enables local partners and travelers around the world to make informed and profitable reservations for travel products and services through the aggregation of comprehensive information and resources. related to travel, and an advanced transaction platform composed of mobile applications. , websites and 24/7 customer service centers. Founded in 1999 and listed on the Nasdaq in 2003, Trip.com Group has become one of the world’s largest travel agencies by gross merchandise value.

This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.