Trivest Advisors Ltd Cuts Stock Position in Trip.com Group Limited Sponsored ADR $TCOM

Trivest Advisors Ltd lowered its position in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 53.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 507,000 shares of the company’s stock after selling 593,000 shares during the period. Trip.com Group makes up about 1.7% of Trivest Advisors Ltd’s portfolio, making the stock its 15th largest position. Trivest Advisors Ltd owned approximately 0.08% of Trip.com Group worth $36,458,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Capital World Investors grew its position in shares of Trip.com Group by 5.3% in the 3rd quarter. Capital World Investors now owns 37,884,726 shares of the company’s stock worth $2,849,066,000 after buying an additional 1,912,238 shares during the last quarter. Sanders Capital LLC grew its position in shares of Trip.com Group by 7.2% in the 3rd quarter. Sanders Capital LLC now owns 9,868,196 shares of the company’s stock worth $742,088,000 after buying an additional 662,230 shares during the last quarter. Capital International Investors grew its position in shares of Trip.com Group by 0.6% in the 3rd quarter. Capital International Investors now owns 6,379,206 shares of the company’s stock worth $479,742,000 after buying an additional 37,916 shares during the last quarter. Davis Selected Advisers grew its position in shares of Trip.com Group by 2.3% in the 4th quarter. Davis Selected Advisers now owns 5,053,389 shares of the company’s stock worth $363,389,000 after buying an additional 111,944 shares during the last quarter. Finally, Temasek Holdings Private Ltd grew its position in shares of Trip.com Group by 40.5% in the 3rd quarter. Temasek Holdings Private Ltd now owns 1,340,202 shares of the company’s stock worth $100,783,000 after buying an additional 386,333 shares during the last quarter. Hedge funds and other institutional investors own 35.41% of the company’s stock.

Trip.com Group Stock Down 0.8%

NASDAQ:TCOM opened at $47.69 on Friday. The company has a market cap of $30.98 billion, a PE ratio of 7.12, a P/E/G ratio of 3.33 and a beta 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. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.07. The company’s 50 day moving average is $50.82 and its two-hundred day moving average is $58.99.

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

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Benchmark cut their price objective on shares of 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. Morgan Stanley reissued an “overweight” rating and set a $75.00 target price on shares of Trip.com Group in a research 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 on the stock in a research report on Thursday, February 26th. Barclays reissued an “overweight” rating and set a $75.00 target price on shares of Trip.com Group in a research report on Thursday, February 26th. Finally, Weiss Ratings downgraded shares of Trip.com Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, March 2nd. Eight research analysts have rated the stock with a Buy rating and two have assigned 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 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.