Matthews International Capital Management LLC Decreases Stock Holdings in Trip.com Group Limited Sponsored ADR $TCOM

Matthews International Capital Management LLC lowered its position in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 85.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,529 shares of the company’s stock after selling 231,813 shares during the period. Matthews International Capital Management LLC’s holdings in Trip.com Group were worth $1,968,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Royal Bank of Canada boosted its position in shares of Trip.com Group by 22.9% during the 1st quarter. Royal Bank of Canada now owns 32,521 shares of the company’s stock worth $2,068,000 after acquiring an additional 6,062 shares in the last quarter. NewEdge Advisors LLC raised its position in shares of Trip.com Group by 384.6% during the 1st quarter. NewEdge Advisors LLC now owns 567 shares of the company’s stock worth $36,000 after acquiring an additional 450 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Trip.com Group by 332.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 40,088 shares of the company’s stock worth $2,549,000 after purchasing an additional 30,819 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in Trip.com Group by 44.2% during the second quarter. EverSource Wealth Advisors LLC now owns 701 shares of the company’s stock worth $41,000 after purchasing an additional 215 shares during the last quarter. Finally, Flow Traders U.S. LLC acquired a new position in Trip.com Group in the second quarter valued at approximately $215,000. Hedge funds and other institutional investors own 35.41% of the company’s stock.

Trip.com Group Price Performance

Trip.com Group stock opened at $42.80 on Monday. The stock’s 50 day moving average price is $46.75 and its 200 day moving average price is $54.15. Trip.com Group Limited Sponsored ADR has a 1-year low of $38.04 and a 1-year high of $78.99. The company has a market cap of $27.80 billion, a PE ratio of 6.70, a price-to-earnings-growth ratio of 3.27 and a beta of -0.03. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.53 and a quick ratio of 1.53.

Trip.com Group (NASDAQ:TCOM) last released its quarterly earnings data on Thursday, June 25th. The company reported $0.83 earnings per share (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 business had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.30 billion. During the same quarter in the previous year, the company posted $0.82 EPS. The company’s revenue was up 17.2% compared to the same quarter last year. On average, sell-side analysts predict that Trip.com Group Limited Sponsored ADR will post 3.27 EPS for the current fiscal year.

Wall Street Analyst Weigh In

TCOM has been the topic of several recent analyst reports. Nomura dropped their price target on shares of 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. Zacks Research downgraded shares of Trip.com Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 30th. China Renaissance restated a “hold” rating and issued a $42.00 target price on shares of Trip.com Group in a report on Thursday, July 2nd. Benchmark dropped their target price on shares of Trip.com Group from $72.00 to $65.00 and set a “buy” rating on the stock in a research report on Thursday, June 25th. Finally, Citigroup cut 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. Eight 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 company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $63.20.

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.