Legal & General Group Plc Sells 448,666 Shares of Trip.com Group Limited Sponsored ADR $TCOM

Legal & General Group Plc reduced its holdings in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOMFree Report) by 14.4% in the 4th quarter, Holdings Channel reports. The fund owned 2,666,701 shares of the company’s stock after selling 448,666 shares during the quarter. Legal & General Group Plc’s holdings in Trip.com Group were worth $191,696,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of TCOM. Capital World Investors increased its holdings in shares of Trip.com Group by 5.3% in the third quarter. Capital World Investors now owns 37,884,726 shares of the company’s stock worth $2,849,066,000 after acquiring an additional 1,912,238 shares in the last quarter. CIBC Bancorp USA Inc. bought a new stake in shares of Trip.com Group in the third quarter worth about $56,979,000. Sanders Capital LLC increased its holdings in shares of Trip.com Group by 7.2% in the third quarter. Sanders Capital LLC now owns 9,868,196 shares of the company’s stock worth $742,088,000 after acquiring an additional 662,230 shares in the last quarter. Voloridge Investment Management LLC bought a new stake in shares of Trip.com Group in the third quarter worth about $48,273,000. Finally, Temasek Holdings Private Ltd increased its holdings in shares of 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 worth $100,783,000 after acquiring an additional 386,333 shares in the last quarter. 35.41% of the stock is currently owned by institutional investors.

Trip.com Group Stock Up 1.0%

TCOM stock opened at $47.81 on Thursday. 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 stock has a market capitalization of $31.06 billion, a P/E ratio of 7.14, a P/E/G ratio of 3.28 and a beta of -0.03. The business has a 50-day moving average of $51.34 and a 200-day moving average of $60.14. Trip.com Group Limited Sponsored ADR has a fifty-two week low of $45.92 and a fifty-two week high of $78.99.

Trip.com Group (NASDAQ:TCOMGet Free Report) last posted its quarterly earnings data on Saturday, February 14th. The company reported $0.71 earnings per share for the quarter. The company had revenue of $2.20 billion during the quarter. Trip.com Group had a return on equity of 18.56% and a net margin of 53.28%. On average, sell-side analysts anticipate that Trip.com Group Limited Sponsored ADR will post 3.61 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have issued reports on TCOM. Benchmark lowered their price target on Trip.com Group from $82.00 to $72.00 and set a “buy” rating for the company in a report on Thursday, February 26th. TD Cowen lowered their price target on Trip.com Group from $73.00 to $68.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Zacks Research downgraded Trip.com Group from a “strong-buy” rating to a “hold” rating in a report on Friday, February 20th. Weiss Ratings downgraded Trip.com Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, March 2nd. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $75.00 price objective on shares of Trip.com Group in a research report on Thursday, February 26th. 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 data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $77.50.

Get Our Latest Report on TCOM

Trip.com Group Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Trip.com Group (NASDAQ:TCOM)

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