Capital International Ltd. CA Lowers Holdings in Trip.com Group Limited Sponsored ADR $TCOM

Capital International Ltd. CA trimmed its position in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 23.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 371,377 shares of the company’s stock after selling 115,249 shares during the quarter. Capital International Ltd. CA’s holdings in Trip.com Group were worth $26,706,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Royal Bank of Canada raised its position in shares of Trip.com Group by 22.9% in 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% in 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 raised its position in shares of Trip.com Group by 332.5% in the 1st 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 acquiring an additional 30,819 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Trip.com Group by 44.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 701 shares of the company’s stock worth $41,000 after acquiring an additional 215 shares in the last quarter. Finally, Flow Traders U.S. LLC acquired a new position in Trip.com Group during the 2nd quarter valued at about $215,000. 35.41% of the stock is currently owned by hedge funds and other institutional investors.

Trip.com Group Stock Down 0.8%

Shares of TCOM opened at $47.69 on Friday. Trip.com Group Limited Sponsored ADR has a 52 week low of $45.92 and a 52 week high of $78.99. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $30.98 billion, a price-to-earnings ratio of 7.12, a PEG ratio of 3.31 and a beta of -0.07. The stock’s 50-day moving average price is $50.82 and its 200-day moving average price is $58.99.

Trip.com Group (NASDAQ:TCOM) last issued its earnings results on Saturday, February 14th. The company reported $0.71 EPS for the quarter. Trip.com Group had a return on equity of 18.56% and a net margin of 53.28%.The firm had revenue of $2.20 billion for the quarter. On average, sell-side analysts predict that Trip.com Group Limited Sponsored ADR will post 3.61 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. TD Cowen reduced their target price on Trip.com Group from $73.00 to $68.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. Benchmark reduced their target price on Trip.com Group from $82.00 to $72.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. Barclays reaffirmed an “overweight” rating and set a $75.00 target price on shares of Trip.com Group in a research report on Thursday, February 26th. Weiss Ratings lowered Trip.com Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, March 2nd. Finally, Zacks Research lowered 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 given a Hold rating to the company’s stock. According to MarketBeat, the company 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.