Capital International Sarl Cuts Stock Position in Trip.com Group Limited Sponsored ADR $TCOM

Capital International Sarl lessened its position in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 19.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 645,243 shares of the company’s stock after selling 158,277 shares during the quarter. Capital International Sarl owned approximately 0.10% of Trip.com Group worth $46,399,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. TD Private Client Wealth LLC purchased a new stake in shares of Trip.com Group in the 4th quarter valued at $31,000. NewEdge Advisors LLC raised its holdings in shares of Trip.com Group by 384.6% in the 1st 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 period. EverSource Wealth Advisors LLC raised its holdings in shares of Trip.com Group by 44.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 701 shares of the company’s stock valued at $41,000 after buying an additional 215 shares during the period. Caitong International Asset Management Co. Ltd raised its holdings in shares of Trip.com Group by 601.3% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 554 shares of the company’s stock valued at $42,000 after buying an additional 475 shares during the period. Finally, Advisors Preferred LLC purchased a new stake in shares of Trip.com Group in the 4th quarter valued at $65,000. Hedge funds and other institutional investors own 35.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on TCOM shares. Barclays reiterated an “overweight” rating and issued a $75.00 price objective on shares of Trip.com Group in a report on Thursday, February 26th. Benchmark cut their price objective 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. Weiss Ratings cut Trip.com Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, March 2nd. TD Cowen lowered their target price on Trip.com Group from $73.00 to $68.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. Finally, Zacks Research cut Trip.com Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 20th. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $77.50.

Trip.com Group Trading Down 0.8%

TCOM opened at $47.69 on Friday. Trip.com Group Limited Sponsored ADR has a 12 month low of $45.92 and a 12 month high of $78.99. The stock has a market capitalization of $30.98 billion, a price-to-earnings ratio of 7.12, a PEG ratio of 3.31 and a beta of -0.07. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.55 and a quick ratio of 1.55. The business has a fifty day moving average price of $50.82 and a 200 day moving average price of $58.99.

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

Trip.com Group Company Profile

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.