SG Americas Securities LLC Sells 144,566 Shares of Trip.com Group Limited Sponsored ADR $TCOM

SG Americas Securities LLC decreased its position in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 69.0% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 64,904 shares of the company’s stock after selling 144,566 shares during the period. SG Americas Securities LLC’s holdings in Trip.com Group were worth $3,232,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in TCOM. Allworth Financial LP boosted its stake in shares of Trip.com Group by 7.0% during the 3rd quarter. Allworth Financial LP now owns 2,154 shares of the company’s stock worth $162,000 after purchasing an additional 140 shares during the period. Park Avenue Securities LLC raised its position in Trip.com Group by 5.2% in the 4th quarter. Park Avenue Securities LLC now owns 2,997 shares of the company’s stock worth $216,000 after purchasing an additional 148 shares during the period. Advisory Services Network LLC lifted its stake in Trip.com Group by 2.1% in the second quarter. Advisory Services Network LLC now owns 8,438 shares of the company’s stock worth $523,000 after purchasing an additional 176 shares during the last quarter. CWM LLC lifted its stake in Trip.com Group by 8.0% in the fourth quarter. CWM LLC now owns 2,443 shares of the company’s stock worth $176,000 after purchasing an additional 181 shares during the last quarter. Finally, Main Management ETF Advisors LLC boosted its position in shares of Trip.com Group by 1.0% during the fourth quarter. Main Management ETF Advisors LLC now owns 18,009 shares of the company’s stock valued at $1,295,000 after buying an additional 184 shares during the period. Hedge funds and other institutional investors own 35.41% of the company’s stock.

Trip.com Group Stock Performance

Trip.com Group stock opened at $39.84 on Wednesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.53 and a current ratio of 1.53. The company has a market capitalization of $25.88 billion, a PE ratio of 6.23, a P/E/G ratio of 2.95 and a beta of -0.07. The company has a 50 day moving average price of $48.71 and a 200-day moving average price of $55.86. Trip.com Group Limited Sponsored ADR has a fifty-two week low of $38.04 and a fifty-two week high of $78.99.

Trip.com Group (NASDAQ:TCOM) last released 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). Trip.com Group had a return on equity of 17.57% and a net margin of 48.26%.The firm had revenue of $2.35 billion for the quarter, compared to analysts’ expectations of $2.30 billion. During the same quarter in the previous year, the business earned $0.82 earnings per share. The company’s revenue for the quarter was up 17.2% compared to the same quarter last year. As a group, equities analysts forecast that Trip.com Group Limited Sponsored ADR will post 3.39 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on TCOM shares. Nomura cut their target price on Trip.com Group from $71.00 to $51.00 and set a “neutral” rating on the stock in a research note on Friday, June 26th. Weiss Ratings cut Trip.com Group from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 25th. Citigroup cut their price objective on Trip.com Group from $82.00 to $64.00 and set a “buy” rating on the stock in a research report on Thursday, June 25th. Barclays reduced their target price on 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. Finally, Bank of America decreased their target price on Trip.com Group from $78.00 to $64.00 and set a “buy” rating for the company in a research report on Monday. Eight research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Trip.com Group currently has an average rating of “Moderate Buy” and a consensus target price of $65.56.

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.