130,767 Shares in Trip.com Group Limited Sponsored ADR $TCOM Bought by Public Employees Retirement System of Ohio

Key Points

• Public Employees Retirement System of Ohio acquired 130,767 Trip.com Group shares in the second quarter, valued at approximately $5.21 million. Hedge funds and institutional investors own 35.41% of the company.
• Trip.com reported quarterly revenue of $2.35 billion, up 17.2% year over year and above estimates, but earnings per share of $0.83 narrowly missed the $0.85 consensus forecast.
• TCOM shares opened at $43.63, while analysts maintained a broadly positive view: nine rate it Buy, three Hold, and one Sell, with a consensus “Moderate Buy” rating and an average price target of $62.45.

Public Employees Retirement System of Ohio acquired a new position in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 130,767 shares of the company's stock, valued at approximately $5,210,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Royal Bank of Canada increased its stake in shares of Trip.com Group by 22.9% during the first quarter. Royal Bank of Canada now owns 32,521 shares of the company's stock worth $2,068,000 after purchasing an additional 6,062 shares in the last quarter. NewEdge Advisors LLC lifted its stake 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 buying an additional 450 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake 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 buying an additional 30,819 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Trip.com Group by 44.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 701 shares of the company's stock worth $41,000 after buying an additional 215 shares during the last quarter. Finally, Flow Traders U.S. LLC acquired a new stake in Trip.com Group in the 2nd quarter worth about $215,000. 35.41% of the stock is owned by hedge funds and other institutional investors.

Trip.com Group Stock Down 0.5%

Shares of TCOM opened at $43.63 on Thursday. Trip.com Group Limited Sponsored ADR has a 52-week low of $38.04 and a 52-week high of $78.99. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.06. The stock has a fifty day simple moving average of $44.02 and a two-hundred day simple moving average of $48.45. The company has a market capitalization of $28.34 billion, a PE ratio of 6.83, a price-to-earnings-growth ratio of 3.49 and a beta of -0.05.

Trip.com Group (NASDAQ:TCOM - Get Free Report) last announced its quarterly earnings results on Thursday, June 25th. The company reported $0.83 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $2.30 billion. During the same period in the previous year, the firm posted $0.82 EPS. The company's revenue was up 17.2% compared to the same quarter last year. As a group, equities analysts forecast that Trip.com Group Limited Sponsored ADR will post 3.14 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Benchmark reissued a "buy" rating on shares of Trip.com Group in a report on Tuesday, July 28th. Citigroup lowered their price target on Trip.com Group from $64.00 to $62.00 and set a "buy" rating on the stock in a research note on Thursday, July 30th. Mizuho dropped their price target on 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. Bank of America reissued a "buy" rating on shares of Trip.com Group in a research note on Wednesday, July 29th. Finally, Barclays decreased their price objective on Trip.com Group from $75.00 to $60.00 and set an "overweight" rating on the stock in a report on Friday, June 26th. Nine research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $62.45.

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.

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