Public Employees Retirement System of Ohio Sells 80,250 Shares of Trip.com Group Limited Sponsored ADR $TCOM

Public Employees Retirement System of Ohio decreased its stake in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 59.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,969 shares of the company’s stock after selling 80,250 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Trip.com Group were worth $2,737,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. Advisory Services Network LLC raised its stake in Trip.com Group by 2.1% during the second quarter. Advisory Services Network LLC now owns 8,438 shares of the company’s stock worth $523,000 after acquiring an additional 176 shares in the last quarter. CWM LLC lifted its holdings in shares of Trip.com Group by 8.0% during the fourth quarter. CWM LLC now owns 2,443 shares of the company’s stock valued at $176,000 after acquiring an additional 181 shares during the period. Main Management ETF Advisors LLC boosted its stake in shares of Trip.com Group by 1.0% in the 4th quarter. Main Management ETF Advisors LLC now owns 18,009 shares of the company’s stock valued at $1,295,000 after purchasing an additional 184 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake 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 purchasing an additional 215 shares in the last quarter. Finally, Pathstone Holdings LLC grew its holdings in shares of Trip.com Group by 1.2% in the 3rd quarter. Pathstone Holdings LLC now owns 19,405 shares of the company’s stock worth $1,459,000 after purchasing an additional 227 shares during the last quarter. 35.41% of the stock is currently owned by institutional investors.

Trip.com Group Price Performance

Trip.com Group stock opened at $47.01 on Friday. The business’s fifty day moving average is $44.67 and its two-hundred day moving average is $51.17. 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 firm has a market cap of $30.54 billion, a P/E ratio of 7.36, a P/E/G ratio of 3.70 and a beta of -0.03. 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 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). Trip.com Group had a net margin of 48.26% and a return on equity of 17.57%. The business had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.30 billion. During the same quarter last year, the business posted $0.82 earnings per share. The business’s quarterly revenue was up 17.2% compared to the same quarter last year. Equities research analysts forecast that Trip.com Group Limited Sponsored ADR will post 3.14 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Mizuho dropped their target price on shares of Trip.com Group from $79.00 to $65.00 and set an “outperform” rating for the company in a research report on Thursday, June 25th. Citigroup reduced their price target on shares of Trip.com Group from $64.00 to $62.00 and set a “buy” rating on the stock in a research report on Thursday. JPMorgan Chase & Co. decreased their price objective on shares of Trip.com Group from $75.00 to $72.00 and set an “overweight” rating on the stock in a research note on Tuesday. Zacks Research lowered shares of Trip.com Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 30th. Finally, Benchmark reaffirmed a “buy” rating on shares of Trip.com Group in a report on Tuesday. Ten research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $63.75.

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.