True Light Capital Pte. Ltd. Purchases New Position in Trip.com Group Limited Sponsored ADR $TCOM

True Light Capital Pte. Ltd. purchased a new stake in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 373,751 shares of the company’s stock, valued at approximately $26,876,000. Trip.com Group accounts for 12.1% of True Light Capital Pte. Ltd.’s investment portfolio, making the stock its 5th largest holding. True Light Capital Pte. Ltd. owned about 0.06% of Trip.com Group at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. First Horizon Corp purchased a new position in Trip.com Group during the 3rd quarter valued at about $27,000. TD Private Client Wealth LLC purchased a new position in Trip.com Group during the 4th quarter valued at about $31,000. Caitong International Asset Management Co. Ltd increased its holdings in 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 valued at $42,000 after purchasing an additional 475 shares during the period. NewEdge Advisors LLC increased its holdings in Trip.com Group by 384.6% during the 1st quarter. NewEdge Advisors LLC now owns 567 shares of the company’s stock valued at $36,000 after purchasing an additional 450 shares during the period. Finally, EverSource Wealth Advisors LLC increased its holdings in Trip.com Group by 44.2% during 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 during the period. Hedge funds and other institutional investors own 35.41% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Zacks Research downgraded Trip.com Group from a “strong-buy” rating to a “hold” rating in a report on Friday, February 20th. Weiss Ratings downgraded Trip.com Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, March 2nd. Barclays reiterated an “overweight” rating and set a $75.00 target price on shares of Trip.com Group in a report on Thursday, February 26th. Benchmark reduced their target price on Trip.com Group from $82.00 to $72.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $75.00 target price on shares of Trip.com Group in a report on Thursday, February 26th. Nine investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $77.00.

Trip.com Group Stock Performance

TCOM stock opened at $49.32 on Tuesday. The stock has a market capitalization of $32.04 billion, a PE ratio of 7.36, a price-to-earnings-growth ratio of 3.44 and a beta of -0.03. Trip.com Group Limited Sponsored ADR has a 12-month low of $48.48 and a 12-month high of $78.99. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.07. The stock’s 50 day simple moving average is $52.05 and its 200 day simple moving average is $61.28.

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