Trip.com Group Limited Sponsored ADR $TCOM Shares Sold by Capstone Capital Management Ltd

Capstone Capital Management Ltd lessened its position in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 63.2% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 27,321 shares of the company’s stock after selling 46,914 shares during the period. Capstone Capital Management Ltd’s holdings in Trip.com Group were worth $1,068,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of TCOM. EverSource Wealth Advisors LLC lifted its position in Trip.com Group by 24.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,127 shares of the company’s stock valued at $56,000 after acquiring an additional 218 shares in the last quarter. First Horizon Corp lifted its holdings in shares of Trip.com Group by 69.3% in the first quarter. First Horizon Corp now owns 611 shares of the company’s stock valued at $30,000 after purchasing an additional 250 shares in the last quarter. Corient Private Wealth LP boosted its position 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 buying an additional 319 shares during the last quarter. NewEdge Advisors LLC boosted its position in shares of Trip.com Group by 4.6% during the first quarter. NewEdge Advisors LLC now owns 7,259 shares of the company’s stock valued at $361,000 after buying an additional 321 shares during the last quarter. Finally, Parallel Advisors LLC boosted its position in shares of Trip.com Group by 7.5% during the first quarter. Parallel Advisors LLC now owns 6,195 shares of the company’s stock valued at $308,000 after buying an additional 433 shares during the last quarter. Institutional investors own 35.41% of the company’s stock.

Trip.com Group Stock Performance

TCOM opened at $40.30 on Wednesday. Trip.com Group Limited Sponsored ADR has a fifty-two week low of $37.58 and a fifty-two week high of $78.99. The firm has a 50-day moving average of $41.36 and a 200 day moving average of $45.38. The firm has a market cap of $26.18 billion, a P/E ratio of 6.68, a PEG ratio of 3.23 and a beta of -0.04.

Trip.com Group (NASDAQ:TCOM) last issued its quarterly earnings results on Friday, August 14th. The company reported $1.07 earnings per share (EPS) for the quarter. The company had revenue of $2.31 billion during the quarter. Trip.com Group had a net margin of 36.07% and a return on equity of 16.99%. Equities research analysts predict that Trip.com Group Limited Sponsored ADR will post 3.07 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on TCOM shares. TD Cowen upgraded Trip.com Group to a “strong-buy” rating in a report on Monday, September 14th. Benchmark restated a “buy” rating on shares of Trip.com Group in a research note on Tuesday, July 28th. Zacks Research downgraded shares of Trip.com Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 30th. Barclays cut 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 report on Friday, June 26th. Finally, Nomura reduced their target price on shares of Trip.com Group from $51.00 to $44.00 and set a “neutral” rating for the company in a research note on Thursday, September 17th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $60.45.

About Trip.com Group

Trip.com Group Limited (NASDAQ: TCOM) is a global online travel services company headquartered in China. Founded in 1999 as Ctrip, the company changed its name to Trip.com Group in 2019 to reflect its expanding international operations and portfolio of travel brands.

The company operates online platforms that help travelers research, plan and book trips. Its services include hotel and accommodation reservations, airline and train ticketing, vacation packages, attraction tickets, car rentals and other travel-related products.