Trip.com Group Limited Sponsored ADR $TCOM Shares Sold by Platinum Investment Management Ltd.

Platinum Investment Management Ltd. lowered its position in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 6.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 443,718 shares of the company’s stock after selling 30,398 shares during the period. Trip.com Group comprises approximately 7.4% of Platinum Investment Management Ltd.’s holdings, making the stock its 2nd largest position. Platinum Investment Management Ltd. owned about 0.07% of Trip.com Group worth $31,908,000 at the end of the most recent quarter.

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

Trip.com Group Trading Down 1.9%

Shares of TCOM opened at $46.47 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.55 and a quick ratio of 1.55. The firm has a 50 day simple moving average of $50.59 and a 200-day simple moving average of $58.16. Trip.com Group Limited Sponsored ADR has a 1-year low of $45.92 and a 1-year high of $78.99. The stock has a market cap of $30.19 billion, a price-to-earnings ratio of 6.94, a price-to-earnings-growth ratio of 3.29 and a beta of -0.07.

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

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Morgan Stanley reaffirmed an “overweight” rating and issued a $75.00 target price on shares of Trip.com Group in a report on Thursday, February 26th. TD Cowen dropped their target price on shares of Trip.com Group from $73.00 to $68.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Weiss Ratings cut shares of Trip.com Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, March 2nd. Benchmark dropped their target price on shares of Trip.com Group from $82.00 to $72.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Finally, Zacks Research cut shares of Trip.com Group from a “strong-buy” rating to a “hold” rating in a report on Friday, February 20th. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $77.50.

Trip.com Group Company 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.