Triata Capital Ltd Increases Position in Trip.com Group Limited Sponsored ADR $TCOM

Triata Capital Ltd lifted its position in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 28.3% during the fourth quarter, HoldingsChannel reports. The firm owned 343,893 shares of the company’s stock after buying an additional 75,793 shares during the quarter. Trip.com Group comprises 3.0% of Triata Capital Ltd’s portfolio, making the stock its 8th largest holding. Triata Capital Ltd’s holdings in Trip.com Group were worth $24,729,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in TCOM. Royal Bank of Canada lifted its position in Trip.com Group by 22.9% in the 1st quarter. Royal Bank of Canada now owns 32,521 shares of the company’s stock valued at $2,068,000 after acquiring an additional 6,062 shares in the last quarter. NewEdge Advisors LLC lifted its position in 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 in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Trip.com Group by 332.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 40,088 shares of the company’s stock valued at $2,549,000 after acquiring an additional 30,819 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in 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 in the last quarter. Finally, Flow Traders U.S. LLC bought a new stake in Trip.com Group in the 2nd quarter valued at $215,000. 35.41% of the stock is owned by institutional investors.

Trip.com Group Stock Down 2.5%

Shares of TCOM stock opened at $46.23 on Wednesday. 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 1 year low of $45.88 and a 1 year high of $78.99. The firm’s fifty day moving average price is $50.44 and its two-hundred day moving average price is $57.75. The firm has a market capitalization of $30.03 billion, a P/E ratio of 6.90, a PEG ratio of 3.29 and a beta of -0.07.

Trip.com Group (NASDAQ:TCOM) last issued its quarterly earnings results on Saturday, February 14th. The company reported $0.71 earnings per share (EPS) for the quarter. The firm 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%. On average, equities analysts predict that Trip.com Group Limited Sponsored ADR will post 3.61 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

TCOM has been the topic of several research reports. Morgan Stanley reaffirmed an “overweight” rating and issued a $75.00 price objective on shares of Trip.com Group in a research report on Thursday, February 26th. Zacks Research cut shares of Trip.com Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 20th. Weiss Ratings cut shares of Trip.com Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, March 2nd. Benchmark cut their price objective 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. Finally, TD Cowen cut their price objective 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. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Trip.com Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $77.50.

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.