Clearbridge Investments LLC Sells 43,166 Shares of Trip.com Group Limited Sponsored ADR $TCOM

Clearbridge Investments LLC lowered its stake in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 3.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,103,710 shares of the company’s stock after selling 43,166 shares during the quarter. Clearbridge Investments LLC owned 0.17% of Trip.com Group worth $79,368,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. TD Private Client Wealth LLC bought a new stake in Trip.com Group during the fourth quarter worth $31,000. NewEdge Advisors LLC grew its holdings in Trip.com Group by 384.6% during the first quarter. NewEdge Advisors LLC now owns 567 shares of the company’s stock worth $36,000 after buying an additional 450 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in Trip.com Group by 44.2% during 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 grew its holdings in 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 buying an additional 475 shares in the last quarter. Finally, Advisors Preferred LLC bought a new stake in Trip.com Group during the fourth quarter worth $65,000. Institutional investors own 35.41% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Barclays reiterated an “overweight” rating and set a $75.00 price target on shares of Trip.com Group in a report on Thursday, February 26th. Zacks Research downgraded Trip.com Group from a “strong-buy” rating to a “hold” rating in a report on Friday, February 20th. Morgan Stanley restated an “overweight” rating and issued a $75.00 price objective on shares of Trip.com Group in a research note on Thursday, February 26th. Weiss Ratings downgraded Trip.com Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, March 2nd. Finally, TD Cowen reduced their price objective 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. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $77.50.

Trip.com Group Stock Down 1.0%

Shares of NASDAQ:TCOM opened at $47.21 on Tuesday. The company has a market capitalization of $30.67 billion, a PE ratio of 7.05, a price-to-earnings-growth 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 $50.76 and a two-hundred day moving average price of $58.73. Trip.com Group Limited Sponsored ADR has a 1 year low of $45.92 and a 1 year high of $78.99.

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

Trip.com Group 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.