ARGA Investment Management LP Reduces Stake in Trip.com Group Limited Sponsored ADR $TCOM

Key Points

• ARGA Investment Management cut its stake in Trip.com by 14.8% in Q4, selling 685,910 shares and ending the period with 3,944,185 shares; Trip.com represented 7.7% of ARGA’s portfolio and ARGA owned about 0.60% of Trip.com (~$283.6M).
• Company and market snapshot: Trip.com reported Q4 EPS of $0.71 and revenue of $2.20B with a 53.28% net margin, has a market cap of $34.75B and a P/E of 7.94, and carries a consensus "Moderate Buy" from analysts with an average target price of $77.00 (12‑month range $48.48–$78.99).

ARGA Investment Management LP cut its position in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 14.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,944,185 shares of the company's stock after selling 685,910 shares during the quarter. Trip.com Group comprises 7.7% of ARGA Investment Management LP's investment portfolio, making the stock its 4th biggest holding. ARGA Investment Management LP owned approximately 0.60% of Trip.com Group worth $283,626,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Allworth Financial LP increased its stake in shares of Trip.com Group by 7.0% in the 3rd quarter. Allworth Financial LP now owns 2,154 shares of the company's stock worth $162,000 after acquiring an additional 140 shares in the last quarter. Park Avenue Securities LLC boosted its position in shares of Trip.com Group by 5.2% in the 4th quarter. Park Avenue Securities LLC now owns 2,997 shares of the company's stock worth $216,000 after purchasing an additional 148 shares in the last quarter. Advisory Services Network LLC boosted its position in shares of Trip.com Group by 2.1% in the 2nd quarter. Advisory Services Network LLC now owns 8,438 shares of the company's stock worth $523,000 after purchasing an additional 176 shares in the last quarter. CWM LLC boosted its position in shares of Trip.com Group by 8.0% in the 4th quarter. CWM LLC now owns 2,443 shares of the company's stock worth $176,000 after purchasing an additional 181 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position 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 worth $41,000 after purchasing an additional 215 shares in the last quarter. 35.41% of the stock is currently owned by institutional investors.

Trip.com Group Stock Up 0.2%

Trip.com Group stock opened at $53.20 on Tuesday. The firm has a market cap of $34.75 billion, a price-to-earnings ratio of 7.94, a PEG ratio of 3.68 and a beta of -0.11. The stock has a fifty day simple moving average of $52.37 and a two-hundred day simple moving average of $63.02. 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 1.48 and a debt-to-equity ratio of 0.07.

Trip.com Group (NASDAQ:TCOM - Get Free Report) last posted its earnings results on Saturday, February 14th. The company reported $0.71 earnings per share (EPS) for the quarter. Trip.com Group had a net margin of 53.28% and a return on equity of 18.56%. The business had revenue of $2.20 billion for the quarter. Equities analysts predict that Trip.com Group Limited Sponsored ADR will post 3.61 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently commented on TCOM shares. Morgan Stanley reissued an "overweight" rating and issued a $75.00 price target on shares of Trip.com Group in a research report on Thursday, February 26th. Zacks Research downgraded Trip.com Group from a "strong-buy" rating to a "hold" rating in a report on Friday, February 20th. TD Cowen reduced their price target on Trip.com Group from $73.00 to $68.00 and set a "buy" rating for the company 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, Weiss Ratings downgraded Trip.com Group from a "buy (b-)" rating to a "hold (c+)" rating in a report on Monday, March 2nd. Nine investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $77.00.

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.

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