Y Intercept Hong Kong Ltd Has $9.36 Million Stake in Trip.com Group Limited Sponsored ADR $TCOM

Y Intercept Hong Kong Ltd grew its holdings in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 399.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 187,905 shares of the company’s stock after acquiring an additional 150,312 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Trip.com Group were worth $9,356,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Brown Brothers Harriman & Co. grew its position in Trip.com Group by 237.3% in the fourth quarter. Brown Brothers Harriman & Co. now owns 398 shares of the company’s stock valued at $29,000 after purchasing an additional 280 shares in the last quarter. TD Private Client Wealth LLC bought a new stake in Trip.com Group in the fourth quarter valued at approximately $31,000. Caitong International Asset Management Co. Ltd lifted its position 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 buying an additional 475 shares during the last quarter. NewEdge Advisors LLC lifted its position 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 buying an additional 450 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake 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 acquiring an additional 215 shares during the period. Institutional investors own 35.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on TCOM. Zacks Research cut Trip.com Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday. China Renaissance reiterated a “hold” rating and issued a $42.00 price objective on shares of Trip.com Group in a report on Thursday. Nomura cut their target price on shares of 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 reduced their target price on shares of Trip.com Group from $72.00 to $65.00 and set a “buy” rating for the company in a report on Thursday, June 25th. Finally, Barclays decreased their price target on shares of Trip.com Group from $75.00 to $60.00 and set an “overweight” rating on the stock in a research note on Friday, June 26th. Eight equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $63.20.

Trip.com Group Price Performance

Shares of Trip.com Group stock opened at $41.00 on Friday. Trip.com Group Limited Sponsored ADR has a twelve month low of $38.04 and a twelve month high of $78.99. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.06. The company has a 50-day simple moving average of $47.89 and a two-hundred day simple moving average of $55.34. The stock has a market capitalization of $26.63 billion, a price-to-earnings ratio of 6.42, a price-to-earnings-growth ratio of 3.13 and a beta of -0.03.

Trip.com Group (NASDAQ:TCOM) last posted its quarterly earnings data 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). Trip.com Group had a net margin of 48.26% and a return on equity of 17.57%. The business had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.30 billion. During the same period in the prior year, the firm earned $0.82 EPS. The business’s revenue for the quarter was up 17.2% on a year-over-year basis. Analysts forecast that Trip.com Group Limited Sponsored ADR will post 3.27 EPS for the current 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.