Headwater Capital Co Ltd Decreases Stake in Trip.com Group Limited Sponsored ADR $TCOM

Headwater Capital Co Ltd lessened its stake in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 12.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 325,000 shares of the company’s stock after selling 45,000 shares during the period. Trip.com Group makes up approximately 4.5% of Headwater Capital Co Ltd’s portfolio, making the stock its 7th biggest position. Headwater Capital Co Ltd’s holdings in Trip.com Group were worth $23,371,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Temasek Holdings Private Ltd lifted its holdings in shares of Trip.com Group by 40.5% during the third quarter. Temasek Holdings Private Ltd now owns 1,340,202 shares of the company’s stock worth $100,783,000 after purchasing an additional 386,333 shares during the period. Trivest Advisors Ltd lifted its holdings in shares of Trip.com Group by 10.0% during the third quarter. Trivest Advisors Ltd now owns 1,100,000 shares of the company’s stock worth $82,720,000 after purchasing an additional 100,000 shares during the period. Sanders Capital LLC lifted its holdings in shares of Trip.com Group by 7.2% during the third quarter. Sanders Capital LLC now owns 9,868,196 shares of the company’s stock worth $742,088,000 after purchasing an additional 662,230 shares during the period. XY Capital Ltd lifted its holdings in shares of Trip.com Group by 136.3% during the third quarter. XY Capital Ltd now owns 60,000 shares of the company’s stock worth $4,512,000 after purchasing an additional 34,610 shares during the period. Finally, TT International Asset Management LTD acquired a new position in shares of Trip.com Group during the fourth quarter worth $3,247,000. Institutional investors own 35.41% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Benchmark cut 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. Morgan Stanley reiterated an “overweight” rating and set a $75.00 price target on shares of Trip.com Group in a report on Thursday, February 26th. TD Cowen cut their price target on shares of Trip.com Group from $73.00 to $68.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. Zacks Research lowered shares of Trip.com Group from a “strong-buy” rating to a “hold” rating in a report on Friday, February 20th. Finally, Barclays reiterated an “overweight” rating and set a $75.00 price target on shares of Trip.com Group in a report on Thursday, February 26th. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Trip.com Group currently has an average rating of “Moderate Buy” and an average price target of $77.50.

Trip.com Group Price Performance

TCOM stock opened at $47.39 on Friday. The firm has a market cap of $30.78 billion, a price-to-earnings ratio of 7.07, a PEG ratio of 3.33 and a beta of -0.07. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.07. Trip.com Group Limited Sponsored ADR has a 12-month low of $45.92 and a 12-month high of $78.99. The company’s fifty day simple moving average is $50.66 and its 200 day simple moving average is $58.24.

Trip.com Group (NASDAQ:TCOM) last released its earnings results 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, analysts expect that Trip.com Group Limited Sponsored ADR will post 3.61 earnings per share for the current 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.