Trip.com Group Limited Sponsored ADR $TCOM Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC decreased its stake in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 3.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,431,248 shares of the company’s stock after selling 80,408 shares during the period. Fisher Asset Management LLC’s holdings in Trip.com Group were worth $174,831,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of TCOM. Royal Bank of Canada increased its position in Trip.com Group by 22.9% during the first quarter. Royal Bank of Canada now owns 32,521 shares of the company’s stock worth $2,068,000 after purchasing an additional 6,062 shares during the last quarter. NewEdge Advisors LLC increased its position in Trip.com Group by 384.6% during the first quarter. NewEdge Advisors LLC now owns 567 shares of the company’s stock worth $36,000 after purchasing an additional 450 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position 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 increased its position 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 stake in shares of Trip.com Group in the second quarter worth $215,000. Institutional investors and hedge funds own 35.41% of the company’s stock.

Analysts Set New Price Targets

TCOM has been the subject of several recent research reports. Weiss Ratings lowered shares of Trip.com Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, March 2nd. Barclays reissued an “overweight” rating and issued a $75.00 price objective on shares of Trip.com Group in a research report on Thursday, February 26th. Zacks Research lowered shares of Trip.com Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 20th. Morgan Stanley reissued an “overweight” rating and issued a $75.00 price objective on shares of Trip.com Group in a research report on Thursday, February 26th. Finally, TD Cowen dropped their price objective on shares of 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. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $77.50.

Trip.com Group Price Performance

Shares of TCOM stock opened at $46.37 on Tuesday. The company has a market capitalization of $30.12 billion, a PE ratio of 6.92, a price-to-earnings-growth ratio of 3.21 and a beta of -0.03. The firm has a fifty day simple moving average of $51.51 and a 200-day simple moving average of $60.46. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.07. Trip.com Group Limited Sponsored ADR has a twelve month low of $45.92 and a twelve month high of $78.99.

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