Trip.com Group Limited Sponsored ADR $TCOM Shares Sold by Strs Ohio

Strs Ohio lowered its position in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 36.1% in the first quarter, Holdings Channel reports. The firm owned 55,644 shares of the company’s stock after selling 31,395 shares during the period. Strs Ohio’s holdings in Trip.com Group were worth $2,771,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Brown Brothers Harriman & Co. lifted its position in Trip.com Group by 237.3% during the fourth quarter. Brown Brothers Harriman & Co. now owns 398 shares of the company’s stock valued at $29,000 after buying an additional 280 shares in the last quarter. TD Private Client Wealth LLC acquired a new position in shares of Trip.com Group during the fourth quarter worth $31,000. Caitong International Asset Management Co. Ltd lifted its position in shares of Trip.com Group by 601.3% during the third quarter. Caitong International Asset Management Co. Ltd now owns 554 shares of the company’s stock worth $42,000 after purchasing an additional 475 shares in the last quarter. NewEdge Advisors LLC boosted its stake in shares of Trip.com Group by 384.6% in the first quarter. NewEdge Advisors LLC now owns 567 shares of the company’s stock valued at $36,000 after purchasing an additional 450 shares during the period. Finally, EverSource Wealth Advisors LLC grew its holdings 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 purchasing an additional 215 shares in the last quarter. Hedge funds and other institutional investors own 35.41% of the company’s stock.

Analysts Set New Price Targets

TCOM has been the topic of several analyst reports. Citigroup dropped their price target on shares of Trip.com Group from $82.00 to $64.00 and set a “buy” rating on the stock in a research note on Thursday, June 25th. Mizuho lowered 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. Barclays lowered their target price on Trip.com Group from $75.00 to $60.00 and set an “overweight” rating for the company in a research note on Friday, June 26th. Nomura cut their price target on Trip.com Group from $71.00 to $51.00 and set a “neutral” rating on the stock in a research note on Friday, June 26th. Finally, Bank of America reduced their price target on Trip.com Group from $78.00 to $64.00 and set a “buy” rating for the company in a report on Monday, June 29th. Eight equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $63.20.

Trip.com Group Stock Up 0.2%

Trip.com Group stock traded up $0.08 during midday trading on Tuesday, hitting $41.06. The stock had a trading volume of 531,396 shares, compared to its average volume of 3,569,197. The business has a fifty day moving average price of $47.89 and a 200 day moving average price of $55.23. Trip.com Group Limited Sponsored ADR has a 12 month low of $38.04 and a 12 month high of $78.99. The stock has a market cap of $26.67 billion, a P/E ratio of 6.43, a P/E/G ratio of 3.13 and a beta of -0.03. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.06.

Trip.com Group (NASDAQ:TCOM) last issued its earnings results on Thursday, June 25th. The company reported $0.83 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 firm had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.30 billion. During the same quarter in the previous year, the business posted $0.82 EPS. Trip.com Group’s revenue was up 17.2% compared to the same quarter last year. Research analysts predict that Trip.com Group Limited Sponsored ADR will post 3.27 EPS for the current year.

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.