Polar Capital Holdings Plc Sells 2,515,495 Shares of Trip.com Group Limited Sponsored ADR $TCOM

Polar Capital Holdings Plc reduced its position in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 71.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 999,029 shares of the company’s stock after selling 2,515,495 shares during the period. Polar Capital Holdings Plc’s holdings in Trip.com Group were worth $71,840,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Brown Brothers Harriman & Co. increased its holdings in shares of Trip.com Group by 237.3% in the 4th quarter. Brown Brothers Harriman & Co. now owns 398 shares of the company’s stock worth $29,000 after purchasing an additional 280 shares in the last quarter. TD Private Client Wealth LLC purchased a new stake in shares of Trip.com Group during the fourth quarter valued at $31,000. Caitong International Asset Management Co. Ltd increased its holdings in Trip.com Group by 601.3% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 554 shares of the company’s stock worth $42,000 after buying an additional 475 shares in the last quarter. NewEdge Advisors LLC increased its holdings in Trip.com Group by 384.6% in the 1st quarter. NewEdge Advisors LLC now owns 567 shares of the company’s stock worth $36,000 after buying an additional 450 shares in the last quarter. Finally, 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. 35.41% of the stock is owned by institutional investors.

Trip.com Group Price Performance

Shares of NASDAQ:TCOM opened at $46.23 on Wednesday. The firm’s 50 day moving average price is $50.44 and its 200-day moving average price is $57.75. Trip.com Group Limited Sponsored ADR has a twelve month low of $45.88 and a twelve month high of $78.99. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $30.03 billion, a PE ratio of 6.90, a price-to-earnings-growth ratio of 3.29 and a beta of -0.07.

Trip.com Group (NASDAQ:TCOM) last announced its earnings results on Saturday, February 14th. The company reported $0.71 earnings per share (EPS) 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 during the quarter. Equities research analysts expect that Trip.com Group Limited Sponsored ADR will post 3.61 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TCOM. Zacks Research downgraded shares of Trip.com Group from a “strong-buy” rating to a “hold” rating in a report on Friday, February 20th. Barclays restated an “overweight” rating and issued a $75.00 target price on shares of Trip.com Group in a report on Thursday, February 26th. TD Cowen cut 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 report on Thursday, February 26th. Benchmark lowered their price target on Trip.com Group from $82.00 to $72.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. Finally, Weiss Ratings downgraded Trip.com Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, March 2nd. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $77.50.

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.