Leonteq Securities AG Buys New Shares in Trip.com Group Limited Sponsored ADR $TCOM

Leonteq Securities AG bought a new stake in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 11,123 shares of the company’s stock, valued at approximately $800,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Allworth Financial LP lifted its stake in Trip.com Group by 7.0% during the third quarter. Allworth Financial LP now owns 2,154 shares of the company’s stock valued at $162,000 after purchasing an additional 140 shares during the last quarter. Park Avenue Securities LLC lifted its stake in Trip.com Group by 5.2% during the fourth quarter. Park Avenue Securities LLC now owns 2,997 shares of the company’s stock valued at $216,000 after purchasing an additional 148 shares during the last quarter. Advisory Services Network LLC lifted 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 valued at $523,000 after purchasing an additional 176 shares during the last quarter. CWM LLC lifted its stake in 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 purchasing an additional 181 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in Trip.com Group by 44.2% during the second 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 last quarter. 35.41% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TCOM has been the topic of a number of recent analyst reports. Zacks Research lowered shares of Trip.com Group from a “strong-buy” rating to a “hold” rating in a report on Friday, February 20th. Morgan Stanley restated an “overweight” rating and set a $75.00 price target on shares of Trip.com Group in a report on Thursday, February 26th. TD Cowen cut their price target on shares of Trip.com Group from $73.00 to $68.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. Barclays restated an “overweight” rating and set a $75.00 price target on shares of Trip.com Group in a report on Thursday, February 26th. Finally, Benchmark cut their price target on shares of Trip.com Group from $82.00 to $72.00 and set a “buy” rating on the stock in a 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 stock. Based on data from MarketBeat, Trip.com Group has an average rating of “Moderate Buy” and a consensus price target of $77.50.

Trip.com Group Stock Down 3.5%

TCOM stock opened at $46.37 on Friday. Trip.com Group Limited Sponsored ADR has a 52-week low of $45.92 and a 52-week high of $78.99. The company’s 50 day simple moving average is $51.62 and its 200-day simple moving average is $60.70. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.55 and a quick ratio of 1.55. The firm has a market capitalization of $30.12 billion, a P/E ratio of 6.92, a P/E/G ratio of 3.33 and a beta of -0.03.

Trip.com Group (NASDAQ:TCOM) last released its quarterly earnings results 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 net margin of 53.28% and a return on equity of 18.56%. As a group, equities research analysts anticipate that Trip.com Group Limited Sponsored ADR will post 3.61 EPS for the current 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.