Headwater Capital Co Ltd Sells 45,000 Shares of Trip.com Group Limited Sponsored ADR $TCOM

Headwater Capital Co Ltd reduced its position in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 12.2% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 325,000 shares of the company’s stock after selling 45,000 shares during the quarter. Trip.com Group comprises about 3.4% of Headwater Capital Co Ltd’s holdings, making the stock its 8th largest position. Headwater Capital Co Ltd’s holdings in Trip.com Group were worth $23,371,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of TCOM. Brown Brothers Harriman & Co. increased its stake in Trip.com Group by 237.3% in the 4th quarter. Brown Brothers Harriman & Co. now owns 398 shares of the company’s stock valued at $29,000 after buying an additional 280 shares during the period. TD Private Client Wealth LLC purchased a new stake in shares of Trip.com Group during the 4th quarter worth $31,000. NewEdge Advisors LLC boosted its position in shares of Trip.com Group by 384.6% during the 1st quarter. NewEdge Advisors LLC now owns 567 shares of the company’s stock worth $36,000 after purchasing an additional 450 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Trip.com Group by 44.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 701 shares of the company’s stock worth $41,000 after purchasing an additional 215 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its position in shares of Trip.com Group by 601.3% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 554 shares of the company’s stock worth $42,000 after purchasing an additional 475 shares in the last quarter. 35.41% of the stock is owned by institutional investors and hedge funds.

Trip.com Group Price Performance

Trip.com Group stock opened at $46.23 on Wednesday. Trip.com Group Limited Sponsored ADR has a 52 week low of $45.88 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 firm’s 50-day simple moving average is $50.44 and its 200 day simple moving average is $57.75. The firm has a market capitalization of $30.03 billion, a PE ratio of 6.90, a P/E/G ratio of 3.29 and a beta of -0.07.

Trip.com Group (NASDAQ:TCOM) last released its quarterly earnings data on Saturday, February 14th. The company reported $0.71 EPS 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 for the quarter. On average, equities research analysts predict that Trip.com Group Limited Sponsored ADR will post 3.61 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on TCOM shares. Benchmark decreased their target price 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. 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. 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. TD Cowen decreased 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. Finally, Barclays restated an “overweight” rating and set a $75.00 target price on shares of Trip.com Group in a research report on Thursday, February 26th. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus 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.