Capital Group Investment Management PTE. LTD. Trims Stock Holdings in Trip.com Group Limited Sponsored ADR $TCOM

Capital Group Investment Management PTE. LTD. reduced its position in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 24.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 79,189 shares of the company’s stock after selling 25,022 shares during the quarter. Capital Group Investment Management PTE. LTD.’s holdings in Trip.com Group were worth $5,694,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of TCOM. TD Private Client Wealth LLC purchased a new position in shares of Trip.com Group during the 4th quarter valued at $31,000. NewEdge Advisors LLC raised its position in shares of Trip.com Group by 384.6% during the first quarter. NewEdge Advisors LLC now owns 567 shares of the company’s stock valued at $36,000 after buying an additional 450 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Trip.com Group by 44.2% in the second quarter. EverSource Wealth Advisors LLC now owns 701 shares of the company’s stock worth $41,000 after buying an additional 215 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its position in shares of Trip.com Group by 601.3% during the third quarter. Caitong International Asset Management Co. Ltd now owns 554 shares of the company’s stock worth $42,000 after acquiring an additional 475 shares during the last quarter. Finally, Advisors Preferred LLC bought a new position in shares of Trip.com Group during the fourth quarter worth $65,000. 35.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on TCOM. Benchmark reduced their target price on Trip.com Group from $82.00 to $72.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. Barclays restated an “overweight” rating and set a $75.00 price target on shares of Trip.com Group in a report on Thursday, February 26th. Weiss Ratings downgraded shares of Trip.com Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, March 2nd. Morgan Stanley restated an “overweight” rating and issued a $75.00 target price on shares of Trip.com Group in a report on Thursday, February 26th. Finally, TD Cowen decreased their target price on shares of Trip.com Group from $73.00 to $68.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $77.50.

Trip.com Group Stock Performance

Shares of NASDAQ:TCOM opened at $47.69 on Friday. The firm has a 50 day moving average of $50.82 and a 200 day moving average of $58.99. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $30.98 billion, a price-to-earnings ratio of 7.12, a price-to-earnings-growth ratio of 3.31 and a beta of -0.07. Trip.com Group Limited Sponsored ADR has a 52 week low of $45.92 and a 52 week high of $78.99.

Trip.com Group (NASDAQ:TCOM) last posted its quarterly earnings data on Saturday, February 14th. The company reported $0.71 EPS for the quarter. Trip.com Group had a net margin of 53.28% and a return on equity of 18.56%. The firm had revenue of $2.20 billion during the quarter. On average, sell-side analysts predict that Trip.com Group Limited Sponsored ADR will post 3.61 earnings per share for the current fiscal year.

About Trip.com Group

Trip.com Group (NASDAQ: TCOM) is a China-based online travel services company that provides a broad range of consumer and business travel products. The company operates consumer-facing travel platforms and mobile apps that enable users to search, book and manage hotel reservations, airline tickets, packaged tours, rail travel, car rentals, airport transfers and local activities. It also offers corporate travel management and B2B solutions that support travel suppliers and downstream distribution partners.

Headquartered in Shanghai, Trip.com Group serves customers across China and increasingly in international markets through a portfolio of brands and global distribution channels.