Greenwoods Asset Management Hong Kong Ltd. Sells 2,592,281 Shares of Trip.com Group Limited Sponsored ADR $TCOM

Greenwoods Asset Management Hong Kong Ltd. lowered its holdings in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 99.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,000 shares of the company’s stock after selling 2,592,281 shares during the period. Trip.com Group makes up about 0.0% of Greenwoods Asset Management Hong Kong Ltd.’s holdings, making the stock its 21st biggest position. Greenwoods Asset Management Hong Kong Ltd.’s holdings in Trip.com Group were worth $478,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Brown Brothers Harriman & Co. lifted its stake 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 buying an additional 280 shares during the period. TD Private Client Wealth LLC bought a new position in shares of Trip.com Group during the 4th quarter worth approximately $31,000. Caitong International Asset Management Co. Ltd grew its position in shares of Trip.com Group by 601.3% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 554 shares of the company’s stock worth $42,000 after buying an additional 475 shares during the period. NewEdge Advisors LLC grew its position in shares of Trip.com Group by 384.6% during the 1st quarter. NewEdge Advisors LLC now owns 567 shares of the company’s stock worth $36,000 after buying an additional 450 shares during the period. Finally, First Horizon Corp increased its stake in shares of Trip.com Group by 69.3% in the 1st quarter. First Horizon Corp now owns 611 shares of the company’s stock valued at $30,000 after acquiring an additional 250 shares in the last quarter. 35.41% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

TCOM has been the topic of a number of research reports. Mizuho dropped their target price 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. Weiss Ratings downgraded shares of Trip.com Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 25th. China Renaissance reiterated a “hold” rating and set a $42.00 price objective on shares of Trip.com Group in a report on Thursday, July 2nd. Benchmark reissued a “buy” rating on shares of Trip.com Group in a research report on Tuesday, July 28th. Finally, Nomura reduced their target price on 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. Ten equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Trip.com Group presently has an average rating of “Moderate Buy” and a consensus target price of $63.75.

Trip.com Group Stock Down 0.4%

Shares of NASDAQ TCOM traded down $0.18 during trading on Friday, hitting $46.25. The stock had a trading volume of 678,342 shares, compared to its average volume of 3,414,171. Trip.com Group Limited Sponsored ADR has a 12 month low of $38.04 and a 12 month high of $78.99. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.53 and a quick ratio of 1.53. The company has a market capitalization of $30.04 billion, a PE ratio of 7.24, a PEG ratio of 3.71 and a beta of -0.02. The firm has a fifty day moving average of $44.22 and a two-hundred day moving average of $49.29.

Trip.com Group (NASDAQ:TCOM) last released its quarterly earnings results on Thursday, June 25th. The company reported $0.83 earnings per share for the quarter, missing the consensus estimate of $0.85 by ($0.02). The firm had revenue of $2.35 billion for the quarter, compared to analysts’ expectations of $2.30 billion. Trip.com Group had a return on equity of 17.57% and a net margin of 48.26%.The firm’s revenue for the quarter was up 17.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.82 earnings per share. As a group, equities research analysts forecast that Trip.com Group Limited Sponsored ADR will post 3.14 EPS 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.