Trip.com Group Limited Sponsored ADR $TCOM Shares Sold by HCEP Management Ltd

HCEP Management Ltd decreased its holdings in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 89.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 13,300 shares of the company’s stock after selling 113,545 shares during the period. Trip.com Group makes up 0.6% of HCEP Management Ltd’s holdings, making the stock its 10th largest position. HCEP Management Ltd’s holdings in Trip.com Group were worth $1,000,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Regal Partners Ltd acquired a new stake in shares of Trip.com Group during the third quarter worth $343,000. Dynamic Technology Lab Private Ltd bought a new stake in Trip.com Group in the third quarter valued at about $442,000. Triata Capital Ltd lifted its stake in Trip.com Group by 83.6% in the third quarter. Triata Capital Ltd now owns 268,100 shares of the company’s stock valued at $20,161,000 after buying an additional 122,100 shares during the period. Natixis Advisors LLC boosted its holdings in Trip.com Group by 0.6% during the third quarter. Natixis Advisors LLC now owns 57,181 shares of the company’s stock worth $4,300,000 after buying an additional 368 shares during the last quarter. Finally, Ramirez Asset Management Inc. boosted its holdings in Trip.com Group by 7.3% during the third quarter. Ramirez Asset Management Inc. now owns 60,541 shares of the company’s stock worth $4,553,000 after buying an additional 4,114 shares during the last quarter. Institutional investors and hedge funds own 35.41% of the company’s stock.

Trip.com Group Stock Up 3.9%

Shares of Trip.com Group stock opened at $54.00 on Monday. The company has a market capitalization of $35.28 billion, a P/E ratio of 8.06, a price-to-earnings-growth ratio of 3.70 and a beta of -0.15. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.55 and a quick ratio of 1.48. The business has a 50-day moving average of $61.74 and a two-hundred day moving average of $68.37. Trip.com Group Limited Sponsored ADR has a 1 year low of $49.48 and a 1 year high of $78.99.

Analysts Set New Price Targets

A number of brokerages have recently commented on TCOM. Benchmark lowered their price target on Trip.com Group from $82.00 to $72.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. Zacks Research lowered shares of Trip.com Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 20th. Citigroup boosted their price objective on shares of Trip.com Group from $85.00 to $86.00 and gave the company a “buy” rating in a report on Wednesday, November 19th. Barclays reaffirmed an “overweight” rating and issued a $75.00 target price on shares of Trip.com Group in a research note on Thursday, February 26th. Finally, TD Cowen cut 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. Nine equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Trip.com Group currently has an average rating of “Moderate Buy” and an average price target of $77.00.

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.