Polar Capital Holdings Plc Sells 2,515,495 Shares of Trip.com Group Limited Sponsored ADR $TCOM

Polar Capital Holdings Plc decreased its holdings in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 71.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 999,029 shares of the company’s stock after selling 2,515,495 shares during the quarter. Polar Capital Holdings Plc owned about 0.15% of Trip.com Group worth $71,840,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in TCOM. Capital World Investors lifted its position in shares of Trip.com Group by 5.3% in the 3rd quarter. Capital World Investors now owns 37,884,726 shares of the company’s stock worth $2,849,066,000 after purchasing an additional 1,912,238 shares during the period. Temasek Holdings Private Ltd raised its stake in Trip.com Group by 67.1% in the fourth quarter. Temasek Holdings Private Ltd now owns 2,239,671 shares of the company’s stock worth $161,055,000 after buying an additional 899,469 shares in the last quarter. CIBC Bancorp USA Inc. bought a new position in Trip.com Group in the third quarter worth about $56,979,000. Sanders Capital LLC lifted its holdings in Trip.com Group by 7.2% in the third quarter. Sanders Capital LLC now owns 9,868,196 shares of the company’s stock worth $742,088,000 after buying an additional 662,230 shares during the period. Finally, Voloridge Investment Management LLC bought a new stake in Trip.com Group during the 3rd quarter valued at approximately $48,273,000. 35.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on TCOM. Zacks Research downgraded Trip.com Group from a “strong-buy” rating to a “hold” rating in a report on Friday, February 20th. Benchmark dropped their price target on Trip.com Group from $82.00 to $72.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. TD Cowen reduced their price target on Trip.com Group from $73.00 to $68.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. Morgan Stanley reissued an “overweight” rating and set a $75.00 price objective on shares of Trip.com Group in a research report on Thursday, February 26th. Finally, Barclays restated an “overweight” rating and set a $75.00 target price on shares of Trip.com Group in a report on Thursday, February 26th. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Trip.com Group presently has an average rating of “Moderate Buy” and an average price target of $77.50.

Trip.com Group Stock Down 2.5%

TCOM stock opened at $46.23 on Wednesday. Trip.com Group Limited Sponsored ADR has a twelve month low of $45.88 and a twelve month high of $78.99. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.07. The firm has a market cap of $30.03 billion, a PE ratio of 6.90, a price-to-earnings-growth ratio of 3.29 and a beta of -0.07. The business has a 50 day moving average of $50.44 and a 200 day moving average of $57.75.

Trip.com Group (NASDAQ:TCOM) last released its earnings results on Saturday, February 14th. The company reported $0.71 EPS for the quarter. Trip.com Group had a return on equity of 18.56% and a net margin of 53.28%.The business had revenue of $2.20 billion for the quarter. On average, research analysts forecast that Trip.com Group Limited Sponsored ADR will post 3.61 EPS for the current fiscal year.

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.