GSA Capital Partners LLP Decreases Stake in Trip.com Group Limited Sponsored ADR $TCOM

GSA Capital Partners LLP cut its holdings in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 50.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,970 shares of the company’s stock after selling 20,542 shares during the quarter. GSA Capital Partners LLP’s holdings in Trip.com Group were worth $1,436,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Tredje AP fonden purchased a new stake in shares of Trip.com Group in the fourth quarter valued at approximately $6,042,000. True Light Capital Pte. Ltd. purchased a new stake in shares of Trip.com Group in the fourth quarter valued at approximately $26,876,000. HighTower Advisors LLC boosted its stake in shares of Trip.com Group by 1.9% in the fourth quarter. HighTower Advisors LLC now owns 73,983 shares of the company’s stock valued at $5,320,000 after buying an additional 1,394 shares in the last quarter. TD Private Client Wealth LLC purchased a new stake in Trip.com Group during the fourth quarter worth $31,000. Finally, Abacus Wealth Partners LLC purchased a new stake in Trip.com Group during the fourth quarter worth $658,000. 35.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TCOM has been the topic of a number of research analyst reports. Barclays reiterated an “overweight” rating and set a $75.00 target price on shares of Trip.com Group in a research report on Thursday, February 26th. Benchmark decreased their target price on Trip.com Group from $82.00 to $72.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. Zacks Research downgraded Trip.com Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 20th. Weiss Ratings downgraded Trip.com Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, March 2nd. Finally, TD Cowen decreased their target price on Trip.com Group from $73.00 to $68.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $77.50.

Trip.com Group Stock Performance

Trip.com Group stock opened at $48.56 on Thursday. The firm has a market capitalization of $31.54 billion, a P/E ratio of 7.25, a PEG ratio of 3.39 and a beta of -0.03. The stock has a fifty day moving average price of $51.84 and a 200 day moving average price of $60.96. Trip.com Group Limited Sponsored ADR has a 52 week low of $47.47 and a 52 week high of $78.99. 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 (NASDAQ:TCOM) last released its earnings results on Saturday, February 14th. The company reported $0.71 EPS for the quarter. The firm had revenue of $2.20 billion during the quarter. Trip.com Group had a return on equity of 18.56% and a net margin of 53.28%. Equities research analysts anticipate that Trip.com Group Limited Sponsored ADR will post 3.61 earnings per share 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.