Ardmore Road Asset Management LP Takes Position in Trip.com Group Limited Sponsored ADR $TCOM

Ardmore Road Asset Management LP purchased a new stake in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 300,000 shares of the company’s stock, valued at approximately $14,937,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. boosted its stake in Trip.com Group by 237.3% during the fourth quarter. Brown Brothers Harriman & Co. now owns 398 shares of the company’s stock worth $29,000 after buying an additional 280 shares during the last quarter. First Horizon Corp increased its stake in shares of Trip.com Group by 69.3% in the 1st quarter. First Horizon Corp now owns 611 shares of the company’s stock worth $30,000 after acquiring an additional 250 shares during the last quarter. TD Private Client Wealth LLC acquired a new stake in shares of Trip.com Group in the 4th quarter worth $31,000. NewEdge Advisors LLC raised its holdings in shares of Trip.com Group by 384.6% during the 1st quarter. NewEdge Advisors LLC now owns 567 shares of the company’s stock worth $36,000 after acquiring an additional 450 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Trip.com Group by 44.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 701 shares of the company’s stock valued at $41,000 after acquiring an additional 215 shares during the last quarter. Hedge funds and other institutional investors own 35.41% of the company’s stock.

Trip.com Group Price Performance

Shares of TCOM opened at $43.64 on Monday. The firm has a 50-day simple moving average of $44.90 and a two-hundred day simple moving average of $52.06. The stock has a market cap of $28.35 billion, a PE ratio of 6.83, a P/E/G ratio of 3.34 and a beta of -0.03. Trip.com Group Limited Sponsored ADR has a 1-year low of $38.04 and a 1-year high of $78.99. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.53 and a quick ratio of 1.53.

Trip.com Group (NASDAQ:TCOM) last issued its quarterly earnings data on Thursday, June 25th. The company reported $0.83 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.02). The company had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.30 billion. Trip.com Group had a return on equity of 17.57% and a net margin of 48.26%.The business’s revenue was up 17.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.82 earnings per share. As a group, analysts forecast that Trip.com Group Limited Sponsored ADR will post 3.27 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Nomura dropped their price objective on shares of Trip.com Group from $71.00 to $51.00 and set a “neutral” rating for the company in a report on Friday, June 26th. Barclays reduced their target price on shares of Trip.com Group from $75.00 to $60.00 and set an “overweight” rating on the stock in a research note on Friday, June 26th. Weiss Ratings cut shares of Trip.com Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 25th. Benchmark cut their price target on shares of Trip.com Group from $72.00 to $65.00 and set a “buy” rating for the company in a report on Thursday, June 25th. Finally, China Renaissance reiterated a “hold” rating and issued a $42.00 price objective on shares of Trip.com Group in a report on Thursday, July 2nd. Eight investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $63.20.

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.