Y Intercept Hong Kong Ltd Buys 150,312 Shares of Trip.com Group Limited Sponsored ADR $TCOM

Y Intercept Hong Kong Ltd grew its position in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 399.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 187,905 shares of the company’s stock after buying an additional 150,312 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Trip.com Group were worth $9,356,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Capital World Investors boosted its position in shares of Trip.com Group by 5.3% during the 3rd quarter. Capital World Investors now owns 37,884,726 shares of the company’s stock worth $2,849,066,000 after acquiring an additional 1,912,238 shares in the last quarter. Sanders Capital LLC raised its position in Trip.com Group by 7.2% during the third quarter. Sanders Capital LLC now owns 9,868,196 shares of the company’s stock valued at $742,088,000 after purchasing an additional 662,230 shares in the last quarter. Capital International Investors raised its position in Trip.com Group by 0.6% during the third quarter. Capital International Investors now owns 6,379,206 shares of the company’s stock valued at $479,742,000 after purchasing an additional 37,916 shares in the last quarter. Davis Selected Advisers lifted its stake in Trip.com Group by 2.3% during the fourth quarter. Davis Selected Advisers now owns 5,053,389 shares of the company’s stock worth $363,389,000 after purchasing an additional 111,944 shares during the last quarter. Finally, Cantillon Capital Management LLC lifted its stake in Trip.com Group by 1.4% during the fourth quarter. Cantillon Capital Management LLC now owns 4,669,778 shares of the company’s stock worth $335,804,000 after purchasing an additional 63,637 shares during the last quarter. Institutional investors own 35.41% of the company’s stock.

Wall Street Analysts Forecast Growth

TCOM has been the topic of several recent analyst reports. Citigroup decreased their price target on Trip.com Group from $82.00 to $64.00 and set a “buy” rating on the stock in a research note on Thursday, June 25th. China Renaissance restated a “hold” rating and set a $42.00 price objective on shares of Trip.com Group in a research report on Thursday. Zacks Research lowered Trip.com Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday. Mizuho reduced their price objective on Trip.com Group from $79.00 to $65.00 and set an “outperform” rating on the stock in a research note on Thursday, June 25th. Finally, Nomura decreased their target price on Trip.com Group from $71.00 to $51.00 and set a “neutral” rating on the stock in a research report on Friday, June 26th. Eight equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $63.20.

Trip.com Group Stock Performance

NASDAQ TCOM opened at $41.00 on Friday. The firm’s fifty day moving average price is $47.89 and its two-hundred day moving average price is $55.34. The stock has a market cap of $26.63 billion, a PE ratio of 6.42, a PEG ratio of 3.13 and a beta of -0.03. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.53 and a current ratio of 1.53. Trip.com Group Limited Sponsored ADR has a fifty-two week low of $38.04 and a fifty-two week high of $78.99.

Trip.com Group (NASDAQ:TCOM) last announced its quarterly earnings results on Thursday, June 25th. The company reported $0.83 EPS 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 firm had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.30 billion. During the same quarter in the previous year, the company posted $0.82 earnings per share. The firm’s revenue was up 17.2% on a year-over-year basis. On average, equities analysts expect that Trip.com Group Limited Sponsored ADR will post 3.27 EPS for the current fiscal year.

About Trip.com Group

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.