Clearbridge Investments LLC Reduces Position in Trip.com Group Limited Sponsored ADR $TCOM

Clearbridge Investments LLC cut its holdings in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 3.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,103,710 shares of the company’s stock after selling 43,166 shares during the quarter. Clearbridge Investments LLC’s holdings in Trip.com Group were worth $79,368,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. TD Private Client Wealth LLC purchased a new stake in Trip.com Group during the fourth quarter valued at about $31,000. NewEdge Advisors LLC lifted its holdings in Trip.com Group by 384.6% during the first quarter. NewEdge Advisors LLC now owns 567 shares of the company’s stock valued at $36,000 after purchasing an additional 450 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Trip.com Group by 44.2% during the second quarter. EverSource Wealth Advisors LLC now owns 701 shares of the company’s stock valued at $41,000 after purchasing an additional 215 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings 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 purchasing an additional 475 shares during the last quarter. Finally, Advisors Preferred LLC purchased a new stake in Trip.com Group during the fourth quarter valued at about $65,000. 35.41% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on TCOM. Benchmark dropped their price objective on Trip.com Group from $82.00 to $72.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. TD Cowen dropped their price objective on Trip.com Group from $73.00 to $68.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. 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. Barclays reissued an “overweight” rating and set a $75.00 price objective on shares of Trip.com Group in a report on Thursday, February 26th. Finally, Weiss Ratings cut Trip.com Group from a “buy (b-)” rating to a “hold (c+)” rating in a 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $77.50.

Trip.com Group Stock Performance

NASDAQ:TCOM opened at $47.21 on Tuesday. The business’s 50-day moving average price is $50.76 and its two-hundred day moving average price is $58.73. Trip.com Group Limited Sponsored ADR has a twelve month low of $45.92 and a twelve month high of $78.99. The stock has a market cap of $30.67 billion, a P/E ratio of 7.05, a PEG ratio of 3.31 and a beta of -0.07. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.07.

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

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.