Hsbc Holdings PLC Has $5.28 Million Holdings in Trip.com Group Limited Sponsored ADR $TCOM

Hsbc Holdings PLC boosted its stake in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 544.1% in the fourth quarter, HoldingsChannel reports. The firm owned 73,747 shares of the company’s stock after acquiring an additional 62,298 shares during the period. Hsbc Holdings PLC’s holdings in Trip.com Group were worth $5,280,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in TCOM. Brown Brothers Harriman & Co. boosted its holdings in Trip.com Group by 237.3% during the fourth quarter. Brown Brothers Harriman & Co. now owns 398 shares of the company’s stock worth $29,000 after buying an additional 280 shares during the last quarter. TD Private Client Wealth LLC bought a new stake in shares of Trip.com Group in the 4th quarter valued at about $31,000. NewEdge Advisors LLC raised its position in shares of Trip.com Group by 384.6% in the 1st quarter. NewEdge Advisors LLC now owns 567 shares of the company’s stock valued at $36,000 after acquiring an additional 450 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of Trip.com Group by 44.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 701 shares of the company’s stock valued at $41,000 after acquiring an additional 215 shares during the period. Finally, Caitong International Asset Management Co. Ltd raised its position in shares of Trip.com Group by 601.3% in the 3rd 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 period. Institutional investors and hedge funds own 35.41% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TCOM. Barclays decreased their price objective on shares of Trip.com Group from $75.00 to $60.00 and set an “overweight” rating for the company in a report on Friday, June 26th. Weiss Ratings lowered shares of Trip.com Group from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 25th. Mizuho reduced their price target on shares of Trip.com Group from $79.00 to $65.00 and set an “outperform” rating on the stock in a research report on Thursday, June 25th. China Renaissance reissued a “hold” rating and issued a $42.00 price target on shares of Trip.com Group in a report on Thursday, July 2nd. Finally, Citigroup lowered their price objective on shares of Trip.com Group from $82.00 to $64.00 and set a “buy” rating for the company in a research report on Thursday, June 25th. Eight analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Trip.com Group has a consensus rating of “Moderate Buy” and an average price target of $63.20.

Trip.com Group Price Performance

NASDAQ TCOM opened at $41.43 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.53 and a current ratio of 1.53. The stock has a market cap of $26.91 billion, a price-to-earnings ratio of 6.48, a PEG ratio of 3.16 and a beta of -0.03. The business has a 50 day simple moving average of $46.95 and a 200 day simple moving average of $54.37. Trip.com Group Limited Sponsored ADR has a 52-week low of $38.04 and a 52-week high of $78.99.

Trip.com Group (NASDAQ:TCOM) last announced its quarterly earnings results on Thursday, June 25th. The company reported $0.83 earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.02). The company had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.30 billion. Trip.com Group had a net margin of 48.26% and a return on equity of 17.57%. The business’s quarterly revenue was up 17.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.82 EPS. Analysts anticipate that Trip.com Group Limited Sponsored ADR will post 3.27 earnings per share for the current fiscal 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.