Trip.com Group Limited Sponsored ADR $TCOM Shares Sold by Trivest Advisors Ltd

Trivest Advisors Ltd trimmed its holdings in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 53.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 507,000 shares of the company’s stock after selling 593,000 shares during the period. Trip.com Group makes up about 1.7% of Trivest Advisors Ltd’s portfolio, making the stock its 15th biggest position. Trivest Advisors Ltd’s holdings in Trip.com Group were worth $36,458,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. TD Private Client Wealth LLC acquired a new stake in Trip.com Group during the 4th quarter valued at approximately $31,000. NewEdge Advisors LLC lifted its stake in Trip.com Group by 384.6% during 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 period. EverSource Wealth Advisors LLC lifted its stake in Trip.com Group by 44.2% during 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 period. Caitong International Asset Management Co. Ltd lifted its stake in Trip.com Group by 601.3% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 554 shares of the company’s stock valued at $42,000 after acquiring an additional 475 shares during the period. Finally, Advisors Preferred LLC acquired a new stake in Trip.com Group during the 4th quarter valued at approximately $65,000. 35.41% of the stock is currently owned by institutional investors and hedge funds.

Trip.com Group Stock Performance

NASDAQ:TCOM opened at $47.69 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.55 and a current ratio of 1.55. The company has a fifty day moving average of $50.82 and a two-hundred day moving average of $58.99. The stock has a market capitalization of $30.98 billion, a PE ratio of 7.12, a P/E/G ratio of 3.33 and a beta of -0.07. Trip.com Group Limited Sponsored ADR has a fifty-two week low of $45.92 and a fifty-two week high of $78.99.

Trip.com Group (NASDAQ:TCOM) last posted its quarterly earnings data on Saturday, February 14th. The company reported $0.71 earnings per share for the quarter. The company had revenue of $2.20 billion during the quarter. Trip.com Group had a net margin of 53.28% and a return on equity of 18.56%. As a group, research analysts forecast that Trip.com Group Limited Sponsored ADR will post 3.61 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Benchmark decreased their target price on shares of Trip.com Group from $82.00 to $72.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. Weiss Ratings cut shares of Trip.com Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, March 2nd. TD Cowen decreased their target price on shares of Trip.com Group from $73.00 to $68.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. Morgan Stanley reiterated an “overweight” rating and issued a $75.00 target price on shares of Trip.com Group in a research note on Thursday, February 26th. Finally, Barclays reiterated an “overweight” rating and issued a $75.00 target price on shares of Trip.com Group in a research note on Thursday, February 26th. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Trip.com Group presently has a consensus rating of “Moderate Buy” and an average price target of $77.50.

Trip.com Group 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.