Renaissance Technologies LLC lessened its stake in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM – Free Report) by 26.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 173,912 shares of the company’s stock after selling 62,800 shares during the period. Renaissance Technologies LLC’s holdings in Trip.com Group were worth $8,659,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also added to or reduced their stakes in the company. Brown Brothers Harriman & Co. boosted its holdings in shares of 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 in the last quarter. TD Private Client Wealth LLC bought a new position in shares of Trip.com Group during the 4th quarter worth approximately $31,000. Caitong International Asset Management Co. Ltd lifted its position in Trip.com Group by 601.3% during the third quarter. Caitong International Asset Management Co. Ltd now owns 554 shares of the company’s stock valued at $42,000 after acquiring an additional 475 shares during the last quarter. NewEdge Advisors LLC grew its holdings in Trip.com Group by 384.6% in 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. Finally, First Horizon Corp lifted its holdings in shares of Trip.com Group by 69.3% during the 1st quarter. First Horizon Corp now owns 611 shares of the company’s stock valued at $30,000 after purchasing an additional 250 shares during the last quarter. 35.41% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of analysts have recently weighed in on TCOM shares. Jefferies Financial Group reissued a “buy” rating and issued a $63.00 price objective on shares of Trip.com Group in a research report on Tuesday, July 28th. Nomura decreased their price target on Trip.com Group from $71.00 to $51.00 and set a “neutral” rating for the company in a research note on Friday, June 26th. Benchmark reissued a “buy” rating on shares of Trip.com Group in a report on Tuesday, July 28th. Citigroup dropped their price target on Trip.com Group from $64.00 to $62.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, JPMorgan Chase & Co. cut their price objective on shares of Trip.com Group from $75.00 to $72.00 and set an “overweight” rating on the stock in a report on Tuesday, July 28th. Ten investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $63.75.
Trip.com Group Price Performance
Shares of TCOM opened at $47.01 on Monday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.53 and a quick ratio of 1.53. The company’s fifty day moving average price is $44.67 and its 200-day moving average price is $50.98. Trip.com Group Limited Sponsored ADR has a 1-year low of $38.04 and a 1-year high of $78.99. The firm has a market capitalization of $30.54 billion, a PE ratio of 7.36, a price-to-earnings-growth ratio of 3.75 and a beta of -0.03.
Trip.com Group (NASDAQ:TCOM – Get Free Report) last issued its earnings results on Thursday, June 25th. The company reported $0.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.02). The firm had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.30 billion. Trip.com Group had a return on equity of 17.57% and a net margin of 48.26%.The business’s revenue was up 17.2% on a year-over-year basis. During the same quarter last year, the business earned $0.82 EPS. On average, equities research analysts predict that Trip.com Group Limited Sponsored ADR will post 3.14 EPS for the current year.
About Trip.com Group
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.
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