Boston Common Asset Management LLC Buys 35,970 Shares of Trip.com Group Limited Sponsored ADR $TCOM

Boston Common Asset Management LLC increased its stake in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 18.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 235,273 shares of the company’s stock after purchasing an additional 35,970 shares during the quarter. Boston Common Asset Management LLC’s holdings in Trip.com Group were worth $11,714,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Davis Selected Advisers lifted its holdings in Trip.com Group by 2.3% during the 4th quarter. Davis Selected Advisers now owns 5,053,389 shares of the company’s stock worth $363,389,000 after buying an additional 111,944 shares in the last quarter. Cantillon Capital Management LLC increased its stake in shares of Trip.com Group by 1.4% in the 4th quarter. Cantillon Capital Management LLC now owns 4,669,778 shares of the company’s stock valued at $335,804,000 after buying an additional 63,637 shares during the period. Temasek Holdings Private Ltd increased its stake in shares of Trip.com Group by 67.1% in the 4th quarter. Temasek Holdings Private Ltd now owns 2,239,671 shares of the company’s stock valued at $161,055,000 after buying an additional 899,469 shares during the period. Federated Hermes Inc. raised its position in shares of Trip.com Group by 6.5% during the fourth quarter. Federated Hermes Inc. now owns 1,621,454 shares of the company’s stock worth $116,599,000 after acquiring an additional 98,386 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its position in shares of Trip.com Group by 10.6% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,022,009 shares of the company’s stock worth $73,493,000 after acquiring an additional 97,866 shares during the last quarter. Institutional investors and hedge funds own 35.41% of the company’s stock.

Trip.com Group Stock Performance

NASDAQ:TCOM opened at $42.45 on Monday. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.06. Trip.com Group Limited Sponsored ADR has a 1-year low of $38.04 and a 1-year high of $78.99. The firm has a market capitalization of $27.57 billion, a price-to-earnings ratio of 6.64, a PEG ratio of 3.25 and a beta of -0.03. The business’s 50-day moving average price is $45.69 and its two-hundred day moving average price is $53.11.

Trip.com Group (NASDAQ:TCOM) last posted its earnings results on Thursday, June 25th. The company reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.02). The company had revenue of $2.35 billion for 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%.Trip.com Group’s quarterly revenue was up 17.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.82 earnings per share. On average, equities analysts expect that Trip.com Group Limited Sponsored ADR will post 3.27 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on TCOM shares. Bank of America decreased their price target on Trip.com Group from $78.00 to $64.00 and set a “buy” rating on the stock in a report on Monday, June 29th. Barclays cut 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 report on Friday, June 26th. Nomura reduced their target price on shares of 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. Citigroup lowered their price target on shares of Trip.com Group from $82.00 to $64.00 and set a “buy” rating for the company in a research report on Thursday, June 25th. Finally, Weiss Ratings lowered shares of Trip.com Group from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 25th. Eight investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.