Trip.com Group Limited Sponsored ADR $TCOM Shares Sold by GSA Capital Partners LLP

GSA Capital Partners LLP cut its position in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 50.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TCOM. Capital World Investors increased its stake in Trip.com Group by 5.3% during the third quarter. Capital World Investors now owns 37,884,726 shares of the company’s stock worth $2,849,066,000 after acquiring an additional 1,912,238 shares during the last quarter. CIBC Bancorp USA Inc. acquired a new stake in Trip.com Group during the third quarter worth about $56,979,000. Sanders Capital LLC increased its stake in 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 acquiring an additional 662,230 shares during the last quarter. Voloridge Investment Management LLC purchased a new stake in shares of Trip.com Group in the third quarter worth about $48,273,000. Finally, Cantillon Capital Management LLC boosted its position in shares of Trip.com Group by 12.4% in the third quarter. Cantillon Capital Management LLC now owns 4,606,141 shares of the company’s stock worth $346,382,000 after buying an additional 508,890 shares during the period. 35.41% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Trip.com Group Trading Down 0.8%

Shares of TCOM opened at $48.56 on Thursday. The company has a market capitalization of $31.54 billion, a P/E ratio of 7.25, a P/E/G ratio of 3.39 and a beta of -0.03. Trip.com Group Limited Sponsored ADR has a one year low of $47.47 and a one year high of $78.99. 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 stock has a 50-day moving average price of $51.84 and a 200 day moving average price of $60.96.

Trip.com Group (NASDAQ:TCOM) last issued its quarterly 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%. Sell-side analysts forecast that Trip.com Group Limited Sponsored ADR will post 3.61 EPS for the current fiscal 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.