Fisher Asset Management LLC Trims Stock Position in Trip.com Group Limited Sponsored ADR $TCOM

Fisher Asset Management LLC lessened its holdings in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 3.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,431,248 shares of the company’s stock after selling 80,408 shares during the period. Fisher Asset Management LLC owned 0.37% of Trip.com Group worth $174,831,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. TD Private Client Wealth LLC purchased a new stake in shares of Trip.com Group in the fourth quarter valued at about $31,000. NewEdge Advisors LLC lifted its holdings 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 in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Trip.com Group by 44.2% in the second 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. Caitong International Asset Management Co. Ltd lifted its holdings in shares of 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 valued at $42,000 after purchasing an additional 475 shares in the last quarter. Finally, Advisors Preferred LLC purchased a new stake in shares of Trip.com Group in the fourth quarter valued at about $65,000. Hedge funds and other institutional investors own 35.41% of the company’s stock.

Trip.com Group Stock Performance

Shares of TCOM opened at $46.37 on Tuesday. 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 market capitalization of $30.12 billion, a price-to-earnings ratio of 6.92, a PEG ratio of 3.21 and a beta of -0.03. The company’s 50 day simple moving average is $51.51 and its 200 day simple moving average is $60.46. Trip.com Group Limited Sponsored ADR has a 1 year low of $45.92 and a 1 year high of $78.99.

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

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Benchmark reduced their price target on shares of Trip.com Group from $82.00 to $72.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. Zacks Research downgraded shares of Trip.com Group from a “strong-buy” rating to a “hold” rating in a report on Friday, February 20th. 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. Barclays reissued an “overweight” rating and set a $75.00 price objective on shares of Trip.com Group in a research note on Thursday, February 26th. Finally, Morgan Stanley reissued an “overweight” rating and set a $75.00 price objective on shares of Trip.com Group in a research note on Thursday, February 26th. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Trip.com Group currently has a consensus rating of “Moderate Buy” and a consensus 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.