Legal & General Group Plc Sells 448,666 Shares of Trip.com Group Limited Sponsored ADR $TCOM

Legal & General Group Plc decreased its holdings in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 14.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,666,701 shares of the company’s stock after selling 448,666 shares during the quarter. Legal & General Group Plc owned approximately 0.41% of Trip.com Group worth $191,696,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. TD Private Client Wealth LLC bought a new stake in shares of Trip.com Group during the fourth quarter worth $31,000. Caitong International Asset Management Co. Ltd raised its position in shares of 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 worth $42,000 after acquiring an additional 475 shares during the last quarter. NewEdge Advisors LLC raised its position in shares of Trip.com Group by 384.6% during the first quarter. NewEdge Advisors LLC now owns 567 shares of the company’s stock worth $36,000 after acquiring an additional 450 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Trip.com Group by 44.2% during the second 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 last quarter. Finally, Advisors Preferred LLC bought a new stake in shares of Trip.com Group during the fourth quarter worth $65,000. Institutional investors own 35.41% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on TCOM. Weiss Ratings downgraded Trip.com Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, March 2nd. Zacks Research downgraded Trip.com Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 20th. Benchmark dropped their target price on Trip.com Group from $82.00 to $72.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. TD Cowen dropped their target price on Trip.com Group from $73.00 to $68.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. Finally, Morgan Stanley 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 issued a Hold rating to the company. According to MarketBeat, Trip.com Group presently has an average rating of “Moderate Buy” and an average target price of $77.50.

Trip.com Group Trading Up 1.0%

NASDAQ TCOM opened at $47.81 on Thursday. The stock has a 50-day simple moving average of $51.34 and a 200 day simple moving average of $60.14. The company has a market capitalization of $31.06 billion, a PE ratio of 7.14, a P/E/G ratio of 3.28 and a beta of -0.03. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.07. Trip.com Group Limited Sponsored ADR has a 12 month low of $45.92 and a 12 month high of $78.99.

Trip.com Group (NASDAQ:TCOM) last released its quarterly earnings data on Saturday, February 14th. The company reported $0.71 EPS for the quarter. The business had revenue of $2.20 billion during the quarter. Trip.com Group had a return on equity of 18.56% and a net margin of 53.28%. Research analysts forecast that Trip.com Group Limited Sponsored ADR will post 3.61 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.