Trip.com Group Limited Sponsored ADR $TCOM Shares Sold by Headwater Capital Co Ltd

Headwater Capital Co Ltd cut its stake in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 12.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 325,000 shares of the company’s stock after selling 45,000 shares during the period. Trip.com Group accounts for 4.5% of Headwater Capital Co Ltd’s holdings, making the stock its 7th largest position. Headwater Capital Co Ltd’s holdings in Trip.com Group were worth $23,371,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. TD Private Client Wealth LLC acquired a new stake in Trip.com Group during the fourth quarter worth approximately $31,000. Caitong International Asset Management Co. Ltd lifted its position 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 acquiring an additional 475 shares during the last quarter. NewEdge Advisors LLC lifted its position 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 acquiring an additional 450 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position 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 acquiring an additional 215 shares during the last quarter. Finally, Advisors Preferred LLC acquired a new stake in Trip.com Group during the fourth quarter worth approximately $65,000. 35.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on TCOM. TD Cowen lowered their target price on shares of Trip.com Group from $73.00 to $68.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. Barclays reaffirmed an “overweight” rating and set a $75.00 target price on shares of Trip.com Group in a report on Thursday, February 26th. Morgan Stanley reaffirmed an “overweight” rating and set a $75.00 target price on shares of Trip.com Group in a report on Thursday, February 26th. Benchmark lowered their target price on shares of Trip.com Group from $82.00 to $72.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. Finally, Weiss Ratings cut shares of Trip.com Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, March 2nd. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $77.50.

Trip.com Group Stock Performance

Shares of NASDAQ:TCOM opened at $47.39 on Friday. The company’s 50 day simple moving average is $50.66 and its 200 day simple moving average is $58.24. The stock has a market capitalization of $30.78 billion, a price-to-earnings ratio of 7.07, a price-to-earnings-growth ratio of 3.33 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. 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 business had revenue of $2.20 billion for the quarter. Trip.com Group had a net margin of 53.28% and a return on equity of 18.56%. As a group, research analysts predict that Trip.com Group Limited Sponsored ADR will post 3.61 EPS for the current fiscal 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.