Osborne Partners Capital Management LLC Acquires 31,620 Shares of Trip.com Group Limited Sponsored ADR $TCOM

Osborne Partners Capital Management LLC increased its holdings in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 21.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 175,820 shares of the company’s stock after buying an additional 31,620 shares during the period. Osborne Partners Capital Management LLC’s holdings in Trip.com Group were worth $12,643,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. First Horizon Corp bought a new position in shares of Trip.com Group in the third quarter valued at approximately $27,000. NewEdge Advisors LLC grew its holdings in shares of Trip.com Group by 384.6% in the first quarter. NewEdge Advisors LLC now owns 567 shares of the company’s stock valued at $36,000 after acquiring an additional 450 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Trip.com Group by 44.2% in the second quarter. EverSource Wealth Advisors LLC now owns 701 shares of the company’s stock valued at $41,000 after acquiring an additional 215 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its holdings in shares of Trip.com Group by 601.3% in 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 in the last quarter. Finally, TD Waterhouse Canada Inc. grew its holdings in shares of Trip.com Group by 26.0% in the third quarter. TD Waterhouse Canada Inc. now owns 1,226 shares of the company’s stock valued at $92,000 after acquiring an additional 253 shares in the last quarter. 35.41% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on TCOM shares. Barclays reaffirmed an “overweight” rating and issued a $75.00 target price on shares of Trip.com Group in a report on Thursday, February 26th. Benchmark reduced their target price 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. Zacks Research lowered Trip.com Group from a “strong-buy” rating to a “hold” rating in a report on Friday, February 20th. Weiss Ratings lowered Trip.com Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, March 2nd. Finally, Morgan Stanley reissued an “overweight” rating and set a $75.00 price objective on shares of Trip.com Group in a report on Thursday, February 26th. Nine equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $77.00.

Trip.com Group Trading Down 0.3%

NASDAQ:TCOM opened at $55.01 on Tuesday. The company has a market cap of $35.94 billion, a P/E ratio of 8.21, a P/E/G ratio of 3.83 and a beta of -0.11. The stock’s fifty day moving average price is $52.58 and its two-hundred day moving average price is $63.66. Trip.com Group Limited Sponsored ADR has a 1 year low of $48.48 and a 1 year high of $78.99. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.55 and a quick ratio of 1.48.

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