Hsbc Holdings PLC Grows Stake in Trip.com Group Limited Sponsored ADR $TCOM

Hsbc Holdings PLC lifted its position in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 89.4% during the 1st quarter, HoldingsChannel reports. The firm owned 139,699 shares of the company’s stock after buying an additional 65,952 shares during the period. Hsbc Holdings PLC’s holdings in Trip.com Group were worth $6,852,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Allworth Financial LP boosted its position in shares of Trip.com Group by 7.0% during the 3rd quarter. Allworth Financial LP now owns 2,154 shares of the company’s stock valued at $162,000 after acquiring an additional 140 shares during the last quarter. Park Avenue Securities LLC raised its stake in Trip.com Group by 5.2% in the fourth quarter. Park Avenue Securities LLC now owns 2,997 shares of the company’s stock valued at $216,000 after purchasing an additional 148 shares in the last quarter. Advisory Services Network LLC raised its stake in Trip.com Group by 2.1% in the second quarter. Advisory Services Network LLC now owns 8,438 shares of the company’s stock valued at $523,000 after purchasing an additional 176 shares in the last quarter. CWM LLC lifted its position in Trip.com Group by 8.0% during the fourth quarter. CWM LLC now owns 2,443 shares of the company’s stock valued at $176,000 after purchasing an additional 181 shares during the last quarter. Finally, Main Management ETF Advisors LLC grew its stake in Trip.com Group by 1.0% in the 4th quarter. Main Management ETF Advisors LLC now owns 18,009 shares of the company’s stock worth $1,295,000 after buying an additional 184 shares in the last quarter. Institutional investors own 35.41% of the company’s stock.

Trip.com Group Stock Performance

Shares of NASDAQ:TCOM opened at $43.02 on Friday. 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 50-day moving average price of $45.02 and a 200-day moving average price of $52.28. The company has a market cap of $27.94 billion, a price-to-earnings ratio of 6.73, a price-to-earnings-growth ratio of 3.26 and a beta of -0.03. Trip.com Group Limited Sponsored ADR has a 12 month low of $38.04 and a 12 month high of $78.99.

Trip.com Group (NASDAQ:TCOM) last posted its earnings results on Thursday, June 25th. The company reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $2.30 billion. During the same period in the previous year, the business earned $0.82 earnings per share. The firm’s revenue for the quarter was up 17.2% compared to the same quarter last year. As a group, equities analysts anticipate that Trip.com Group Limited Sponsored ADR will post 3.27 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TCOM. Barclays lowered their price objective on shares of Trip.com Group from $75.00 to $60.00 and set an “overweight” rating on the stock in a research report on Friday, June 26th. Citigroup cut their price objective on Trip.com Group from $82.00 to $64.00 and set a “buy” rating for the company in a 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. Mizuho cut 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, Nomura lowered their price objective on shares of Trip.com Group from $71.00 to $51.00 and set a “neutral” rating for the company in a report on Friday, June 26th. Eight investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $63.20.

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.