Trip.com Group Limited Sponsored ADR $TCOM Shares Sold by Strs Ohio

Strs Ohio trimmed its holdings in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 36.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 55,644 shares of the company’s stock after selling 31,395 shares during the period. Strs Ohio’s holdings in Trip.com Group were worth $2,771,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Royal Bank of Canada raised its position in Trip.com Group by 22.9% in the first quarter. Royal Bank of Canada now owns 32,521 shares of the company’s stock worth $2,068,000 after acquiring an additional 6,062 shares in the last quarter. NewEdge Advisors LLC boosted its position in shares of Trip.com Group by 384.6% during the 1st quarter. NewEdge Advisors LLC now owns 567 shares of the company’s stock worth $36,000 after purchasing an additional 450 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Trip.com Group by 332.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 40,088 shares of the company’s stock worth $2,549,000 after purchasing an additional 30,819 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Trip.com Group by 44.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 701 shares of the company’s stock worth $41,000 after purchasing an additional 215 shares during the period. Finally, Flow Traders U.S. LLC acquired a new position in shares of Trip.com Group during the 2nd quarter worth $215,000. 35.41% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently commented on TCOM. Weiss Ratings cut shares of Trip.com Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 25th. China Renaissance reaffirmed a “hold” rating and issued a $42.00 target price on shares of Trip.com Group in a report on Thursday, July 2nd. Citigroup reduced 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. Zacks Research downgraded Trip.com Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 30th. Finally, Benchmark reduced their price target on shares of Trip.com Group from $72.00 to $65.00 and set a “buy” rating on the stock in a report on Thursday, June 25th. Eight investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $63.20.

Trip.com Group Trading Up 0.2%

Shares of TCOM traded up $0.08 during mid-day trading on Tuesday, hitting $41.06. The company had a trading volume of 531,396 shares, compared to its average volume of 3,569,197. Trip.com Group Limited Sponsored ADR has a 1-year low of $38.04 and a 1-year high of $78.99. The business’s 50-day simple moving average is $47.89 and its 200-day simple moving average is $55.23. The stock has a market cap of $26.67 billion, a PE ratio of 6.43, a P/E/G ratio of 3.13 and a beta of -0.03. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.06.

Trip.com Group (NASDAQ:TCOM) last issued its quarterly earnings results on Thursday, June 25th. The company reported $0.83 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%.The business’s revenue for the quarter was up 17.2% on a year-over-year basis. During the same period last year, the company posted $0.82 EPS. Sell-side analysts forecast that Trip.com Group Limited Sponsored ADR will post 3.27 earnings per share for the current year.

Trip.com Group Company 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.