Sei Investments Co. Grows Stake in Trip.com Group Limited Sponsored ADR $TCOM

Sei Investments Co. increased its position in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 24.8% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 370,430 shares of the company’s stock after purchasing an additional 73,650 shares during the quarter. Sei Investments Co.’s holdings in Trip.com Group were worth $18,444,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. Brown Brothers Harriman & Co. grew its holdings in Trip.com Group by 237.3% in the fourth quarter. Brown Brothers Harriman & Co. now owns 398 shares of the company’s stock valued at $29,000 after purchasing an additional 280 shares during the last quarter. First Horizon Corp raised its stake in shares of Trip.com Group by 69.3% during the 1st quarter. First Horizon Corp now owns 611 shares of the company’s stock worth $30,000 after buying an additional 250 shares during the last quarter. TD Private Client Wealth LLC purchased a new stake in shares of Trip.com Group in the 4th quarter worth about $31,000. NewEdge Advisors LLC grew its stake in Trip.com Group by 384.6% in the 1st quarter. NewEdge Advisors LLC now owns 567 shares of the company’s stock valued at $36,000 after acquiring an additional 450 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in Trip.com Group by 44.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 701 shares of the company’s stock valued at $41,000 after acquiring an additional 215 shares during the last quarter. 35.41% of the stock is currently owned by hedge funds and other institutional investors.

Trip.com Group Stock Performance

Shares of TCOM stock opened at $46.00 on Thursday. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.06. The company has a market cap of $29.88 billion, a PE ratio of 7.20, a P/E/G ratio of 3.46 and a beta of -0.03. The company’s fifty day simple moving average is $44.69 and its 200-day simple moving average is $51.41. Trip.com Group Limited Sponsored ADR has a 52 week low of $38.04 and a 52 week high of $78.99.

Trip.com Group (NASDAQ:TCOM) last announced its quarterly earnings results on Thursday, June 25th. The company reported $0.83 earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.02). Trip.com Group had a return on equity of 17.57% and a net margin of 48.26%.The business had revenue of $2.35 billion for the quarter, compared to analysts’ expectations of $2.30 billion. During the same period last year, the company posted $0.82 earnings per share. The firm’s revenue for the quarter was up 17.2% on a year-over-year basis. As a group, equities research analysts anticipate that Trip.com Group Limited Sponsored ADR will post 3.27 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Citigroup cut their target price 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. Benchmark reiterated a “buy” rating on shares of Trip.com Group in a report on Tuesday. Mizuho dropped their target price on Trip.com Group from $79.00 to $65.00 and set an “outperform” rating for the company in a research note on Thursday, June 25th. Finally, Bank of America reaffirmed a “buy” rating on shares of Trip.com Group in a research note on Wednesday. Ten investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $63.92.

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.