130,767 Shares in Trip.com Group Limited Sponsored ADR $TCOM Acquired by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio bought a new position in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) in the 2nd quarter, HoldingsChannel.com reports. The fund bought 130,767 shares of the company’s stock, valued at approximately $5,210,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Advisory Services Network LLC grew its holdings in shares of Trip.com Group by 2.1% during the 2nd quarter. Advisory Services Network LLC now owns 8,438 shares of the company’s stock worth $523,000 after purchasing an additional 176 shares during the period. CWM LLC increased its position in shares of Trip.com Group by 8.0% during the 4th quarter. CWM LLC now owns 2,443 shares of the company’s stock worth $176,000 after purchasing an additional 181 shares during the last quarter. Main Management ETF Advisors LLC raised its holdings in Trip.com Group by 1.0% in the 4th quarter. Main Management ETF Advisors LLC now owns 18,009 shares of the company’s stock valued at $1,295,000 after buying an additional 184 shares during the period. EverSource Wealth Advisors LLC lifted its position in 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 buying an additional 215 shares during the last quarter. Finally, Pathstone Holdings LLC lifted its position in Trip.com Group by 1.2% in the third quarter. Pathstone Holdings LLC now owns 19,405 shares of the company’s stock valued at $1,459,000 after buying an additional 227 shares during the last quarter. Hedge funds and other institutional investors own 35.41% of the company’s stock.

Trip.com Group Stock Performance

NASDAQ TCOM opened at $43.63 on Thursday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.53 and a quick ratio of 1.53. The company has a market cap of $28.34 billion, a P/E ratio of 6.83, a P/E/G ratio of 3.49 and a beta of -0.05. The stock has a 50-day moving average of $44.02 and a two-hundred day moving average of $48.45. Trip.com Group Limited Sponsored ADR has a 1-year low of $38.04 and a 1-year high of $78.99.

Trip.com Group (NASDAQ:TCOM) last issued its quarterly earnings results 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 for the quarter, compared to analyst estimates of $2.30 billion. During the same period in the prior year, the company posted $0.82 EPS. The firm’s revenue for the quarter was up 17.2% compared to the same quarter last year. As a group, analysts anticipate that Trip.com Group Limited Sponsored ADR will post 3.14 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on TCOM. Jefferies Financial Group reiterated a “buy” rating and set a $63.00 price target on shares of Trip.com Group in a research report on Tuesday, July 28th. Mizuho decreased their price objective on shares of Trip.com Group from $79.00 to $65.00 and set an “outperform” rating on the stock in a report on Thursday, June 25th. JPMorgan Chase & Co. lowered their price objective on shares of Trip.com Group from $75.00 to $72.00 and set an “overweight” rating for the company in a research report on Tuesday, July 28th. Bank of America reiterated a “buy” rating on shares of Trip.com Group in a report on Wednesday, July 29th. Finally, Benchmark restated a “buy” rating on shares of Trip.com Group in a research note on Tuesday, July 28th. Nine investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $62.45.

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.