Trip.com Group Limited Sponsored ADR $TCOM Holdings Cut by ARGA Investment Management LP

ARGA Investment Management LP decreased its holdings in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 27.4% in the first quarter, HoldingsChannel reports. The firm owned 2,861,617 shares of the company’s stock after selling 1,082,568 shares during the quarter. Trip.com Group makes up 4.7% of ARGA Investment Management LP’s investment portfolio, making the stock its 8th biggest position. ARGA Investment Management LP’s holdings in Trip.com Group were worth $142,480,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Royal Bank of Canada grew its position in shares of Trip.com Group by 22.9% in the 1st quarter. Royal Bank of Canada now owns 32,521 shares of the company’s stock worth $2,068,000 after buying an additional 6,062 shares during the last quarter. NewEdge Advisors LLC raised its holdings 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 acquiring an additional 450 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Trip.com Group by 332.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 40,088 shares of the company’s stock valued at $2,549,000 after acquiring an additional 30,819 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in 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 acquiring an additional 215 shares during the period. Finally, Flow Traders U.S. LLC purchased a new stake in Trip.com Group in the second quarter worth $215,000. Hedge funds and other institutional investors own 35.41% of the company’s stock.

Trip.com Group Trading Up 3.3%

TCOM opened at $42.80 on Friday. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.06. Trip.com Group Limited Sponsored ADR has a 52 week low of $38.04 and a 52 week high of $78.99. The stock has a market cap of $27.80 billion, a PE ratio of 6.70, a PEG ratio of 3.17 and a beta of -0.03. The business has a 50 day moving average of $46.75 and a 200-day moving average of $54.29.

Trip.com Group (NASDAQ:TCOM) last issued its quarterly earnings results on Thursday, June 25th. The company reported $0.83 earnings per share for the quarter, missing the consensus estimate of $0.85 by ($0.02). The firm had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.30 billion. Trip.com Group had a return on equity of 17.57% and a net margin of 48.26%.Trip.com Group’s revenue for the quarter was up 17.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.82 earnings per share. Equities research analysts predict that Trip.com Group Limited Sponsored ADR will post 3.27 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently weighed in on TCOM. Mizuho cut their price target on shares of Trip.com Group from $79.00 to $65.00 and set an “outperform” rating on the stock in a report on Thursday, June 25th. Citigroup decreased their price objective on shares of Trip.com Group from $82.00 to $64.00 and set a “buy” rating for the company in a report on Thursday, June 25th. Zacks Research cut shares of Trip.com Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 30th. Weiss Ratings lowered shares of Trip.com Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 25th. Finally, Benchmark reduced their price target on shares of Trip.com Group from $72.00 to $65.00 and set a “buy” rating on the stock in a research report on Thursday, June 25th. Eight analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Trip.com Group presently has an average 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.