Trip.com Group Limited Sponsored ADR $TCOM is Platinum Investment Management Ltd.’s 2nd Largest Position

Platinum Investment Management Ltd. trimmed its holdings in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 6.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 443,718 shares of the company’s stock after selling 30,398 shares during the period. Trip.com Group comprises approximately 7.4% of Platinum Investment Management Ltd.’s holdings, making the stock its 2nd biggest holding. Platinum Investment Management Ltd.’s holdings in Trip.com Group were worth $31,908,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Advisors Asset Management Inc. boosted its position in Trip.com Group by 20.3% during the fourth quarter. Advisors Asset Management Inc. now owns 3,523 shares of the company’s stock worth $253,000 after acquiring an additional 594 shares during the last quarter. DRW Securities LLC acquired a new stake in Trip.com Group during the fourth quarter worth approximately $1,827,000. Brooklyn Investment Group boosted its position in Trip.com Group by 77.9% during the fourth quarter. Brooklyn Investment Group now owns 18,461 shares of the company’s stock worth $1,340,000 after acquiring an additional 8,086 shares during the last quarter. Orion Porfolio Solutions LLC boosted its position in Trip.com Group by 64.5% during the fourth quarter. Orion Porfolio Solutions LLC now owns 10,887 shares of the company’s stock worth $783,000 after acquiring an additional 4,268 shares during the last quarter. Finally, Federated Hermes Inc. boosted its position in Trip.com Group by 6.5% during the fourth quarter. Federated Hermes Inc. now owns 1,621,454 shares of the company’s stock worth $116,599,000 after acquiring an additional 98,386 shares during the last quarter. 35.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. TD Cowen decreased their target price on shares of Trip.com Group from $73.00 to $68.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. Benchmark decreased their target price on shares of Trip.com Group from $82.00 to $72.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. Weiss Ratings lowered shares of Trip.com Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, March 2nd. Zacks Research lowered shares of Trip.com Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 20th. Finally, Barclays restated an “overweight” rating and set a $75.00 target price on shares of Trip.com Group in a research report on Thursday, February 26th. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Trip.com Group presently has an average rating of “Moderate Buy” and a consensus price target of $77.50.

Trip.com Group Stock Down 1.9%

Shares of TCOM opened at $46.47 on Friday. The firm has a market cap of $30.19 billion, a PE ratio of 6.94, a price-to-earnings-growth ratio of 3.29 and a beta of -0.07. The company’s fifty day moving average is $50.59 and its two-hundred day moving average is $58.16. Trip.com Group Limited Sponsored ADR has a fifty-two week low of $45.92 and a fifty-two week high of $78.99. 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 announced its quarterly earnings results on Saturday, February 14th. The company reported $0.71 earnings per share for the quarter. The company had revenue of $2.20 billion for the quarter. Trip.com Group had a net margin of 53.28% and a return on equity of 18.56%. Analysts forecast that Trip.com Group Limited Sponsored ADR will post 3.61 earnings per share 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.