Tidal Investments LLC Grows Holdings in Trip.com Group Limited Sponsored ADR $TCOM

Tidal Investments LLC increased its holdings in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 13.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 151,316 shares of the company’s stock after acquiring an additional 17,549 shares during the quarter. Tidal Investments LLC’s holdings in Trip.com Group were worth $6,028,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of TCOM. C WorldWide Group Holding A S grew its holdings in Trip.com Group by 2.1% in the second quarter. C WorldWide Group Holding A S now owns 613,630 shares of the company’s stock worth $24,447,000 after purchasing an additional 12,463 shares during the period. Corient Private Wealth LP lifted its holdings in shares of Trip.com Group by 3.2% during the second quarter. Corient Private Wealth LP now owns 10,312 shares of the company’s stock valued at $411,000 after purchasing an additional 319 shares during the last quarter. B. Metzler seel. Sohn & Co. AG lifted its holdings in shares of Trip.com Group by 10.9% during the second quarter. B. Metzler seel. Sohn & Co. AG now owns 23,546 shares of the company’s stock valued at $938,000 after purchasing an additional 2,307 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Trip.com Group in the 2nd quarter worth approximately $5,210,000. Finally, Flossbach Von Storch SE purchased a new stake in shares of Trip.com Group in the 2nd quarter worth approximately $1,195,000. Institutional investors own 35.41% of the company’s stock.

Trip.com Group Price Performance

TCOM opened at $39.02 on Monday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.53 and a current ratio of 1.53. The stock has a market capitalization of $25.35 billion, a P/E ratio of 6.11, a P/E/G ratio of 3.11 and a beta of -0.05. The company’s 50-day simple moving average is $43.96 and its two-hundred day simple moving average is $47.72. 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 EPS 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 company had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.30 billion. During the same quarter in the prior year, the firm earned $0.82 earnings per share. The business’s revenue was up 17.2% compared to the same quarter last year. As a group, analysts predict that Trip.com Group Limited Sponsored ADR will post 3.13 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on TCOM shares. Bank of America reaffirmed a “buy” rating on shares of Trip.com Group in a research report on Wednesday, July 29th. Benchmark reissued a “buy” rating on shares of Trip.com Group in a report on Tuesday, July 28th. Jefferies Financial Group reissued a “buy” rating and issued a $63.00 target price on shares of Trip.com Group in a research note on Tuesday, July 28th. Barclays lowered their price target on Trip.com Group from $75.00 to $60.00 and set an “overweight” rating for the company in a research report on Friday, June 26th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Trip.com Group from $75.00 to $72.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 28th. Nine analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $62.45.

About Trip.com Group

Trip.com Group Limited (NASDAQ: TCOM) is a global online travel services company headquartered in China. Originally founded as Ctrip in 1999, the company has expanded its operations and brands to serve travelers in China and international markets.

Through its Trip.com, Ctrip, Qunar and Skyscanner platforms, Trip.com Group provides hotel and accommodation bookings, transportation reservations, including air, rail and car services, vacation packages, guided tours and other travel-related products.