Intermede Investment Partners Ltd Cuts Holdings in Trip.com Group Limited Sponsored ADR $TCOM

Intermede Investment Partners Ltd decreased its stake in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 3.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,065,153 shares of the company’s stock after selling 42,046 shares during the quarter. Trip.com Group makes up 3.1% of Intermede Investment Partners Ltd’s investment portfolio, making the stock its 13th biggest holding. Intermede Investment Partners Ltd’s holdings in Trip.com Group were worth $76,595,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. TD Private Client Wealth LLC acquired a new stake in Trip.com Group in the fourth quarter valued at approximately $31,000. Caitong International Asset Management Co. Ltd lifted its stake in Trip.com Group by 601.3% in the third quarter. Caitong International Asset Management Co. Ltd now owns 554 shares of the company’s stock worth $42,000 after acquiring an additional 475 shares during the last quarter. NewEdge Advisors LLC lifted its stake in Trip.com Group by 384.6% in the first quarter. NewEdge Advisors LLC now owns 567 shares of the company’s stock worth $36,000 after acquiring an additional 450 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in Trip.com Group by 44.2% in the second quarter. EverSource Wealth Advisors LLC now owns 701 shares of the company’s stock worth $41,000 after acquiring an additional 215 shares during the last quarter. Finally, Advisors Preferred LLC purchased a new position in Trip.com Group in the fourth quarter worth approximately $65,000. Hedge funds and other institutional investors own 35.41% of the company’s stock.

Wall Street Analyst Weigh In

TCOM has been the subject of a number of recent research reports. Barclays reiterated an “overweight” rating and issued a $75.00 price target on shares of Trip.com Group in a research note on Thursday, February 26th. TD Cowen decreased their price target 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 price target on shares of Trip.com Group in a research note on Thursday, February 26th. Zacks Research downgraded shares of Trip.com Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 20th. Finally, Weiss Ratings downgraded shares of Trip.com Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, March 2nd. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Trip.com Group has an average rating of “Moderate Buy” and a consensus price target of $77.50.

Trip.com Group Price Performance

TCOM stock opened at $46.37 on Monday. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.07. Trip.com Group Limited Sponsored ADR has a twelve month low of $45.92 and a twelve month high of $78.99. The company’s 50 day moving average is $51.62 and its two-hundred day moving average is $60.63. The stock has a market cap of $30.12 billion, a P/E ratio of 6.92, a PEG ratio of 3.21 and a beta of -0.03.

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

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.