Intermede Investment Partners Ltd Reduces Stock Holdings in Trip.com Group Limited Sponsored ADR $TCOM

Intermede Investment Partners Ltd lowered its position in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 3.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,065,153 shares of the company’s stock after selling 42,046 shares during the quarter. Trip.com Group comprises about 3.1% of Intermede Investment Partners Ltd’s holdings, making the stock its 13th biggest holding. Intermede Investment Partners Ltd owned approximately 0.16% of Trip.com Group worth $76,595,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. TD Private Client Wealth LLC purchased a new stake in shares of Trip.com Group in the fourth quarter valued at about $31,000. Caitong International Asset Management Co. Ltd grew its holdings in shares of Trip.com Group by 601.3% in the third quarter. Caitong International Asset Management Co. Ltd now owns 554 shares of the company’s stock valued at $42,000 after purchasing an additional 475 shares during the period. NewEdge Advisors LLC grew its holdings in shares of Trip.com Group by 384.6% in the first quarter. NewEdge Advisors LLC now owns 567 shares of the company’s stock valued at $36,000 after purchasing an additional 450 shares during the period. EverSource Wealth Advisors LLC grew its holdings in shares of Trip.com Group by 44.2% in the second quarter. EverSource Wealth Advisors LLC now owns 701 shares of the company’s stock valued at $41,000 after purchasing an additional 215 shares during the period. Finally, Advisors Preferred LLC purchased a new stake in shares of Trip.com Group in the fourth quarter valued at about $65,000. Hedge funds and other institutional investors own 35.41% of the company’s stock.

Wall Street Analyst Weigh In

TCOM has been the subject of a number of analyst reports. Benchmark dropped their price objective on shares of Trip.com Group from $82.00 to $72.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Weiss Ratings lowered shares of Trip.com Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, March 2nd. Morgan Stanley reaffirmed an “overweight” rating and set a $75.00 target price on shares of Trip.com Group 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. Finally, Barclays reaffirmed an “overweight” rating and set a $75.00 target price on shares of Trip.com Group in a research note on Thursday, February 26th. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $77.50.

Trip.com Group Stock Performance

NASDAQ TCOM opened at $46.37 on Monday. The firm has a 50 day simple moving average of $51.62 and a 200-day simple moving average of $60.63. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.55 and a current ratio of 1.55. Trip.com Group Limited Sponsored ADR has a one year low of $45.92 and a one year high of $78.99. The firm has a market cap of $30.12 billion, a price-to-earnings ratio of 6.92, a PEG ratio of 3.21 and a beta of -0.03.

Trip.com Group (NASDAQ:TCOM) last posted its quarterly earnings data on Saturday, February 14th. The company reported $0.71 EPS for the quarter. Trip.com Group had a net margin of 53.28% and a return on equity of 18.56%. The business had revenue of $2.20 billion during the quarter. Equities research analysts anticipate 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.