Boston Common Asset Management LLC Acquires 35,970 Shares of Trip.com Group Limited Sponsored ADR $TCOM

Key Points

• Boston Common Asset Management boosted its Trip.com Group stake by 18% in Q1, buying 35,970 additional shares and bringing its holdings to 235,273 shares worth about $11.7 million.
• Trip.com Group recently reported mixed quarterly results: revenue rose 17.2% year over year to $2.35 billion, but EPS of $0.83 slightly missed analyst expectations of $0.85.
• Wall Street remains cautiously positive on TCOM, with a Moderate Buy consensus and an average price target of $63.20, though several firms have recently cut targets and one downgraded the stock to strong sell.

Boston Common Asset Management LLC increased its holdings in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 18.0% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 235,273 shares of the company's stock after purchasing an additional 35,970 shares during the period. Boston Common Asset Management LLC's holdings in Trip.com Group were worth $11,714,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Brown Brothers Harriman & Co. grew its stake in shares of Trip.com Group by 237.3% in the 4th quarter. Brown Brothers Harriman & Co. now owns 398 shares of the company's stock valued at $29,000 after purchasing an additional 280 shares during the period. First Horizon Corp lifted its position in shares of Trip.com Group by 69.3% during the 1st quarter. First Horizon Corp now owns 611 shares of the company's stock worth $30,000 after buying an additional 250 shares during the period. TD Private Client Wealth LLC bought a new position in shares of Trip.com Group during the 4th quarter worth approximately $31,000. NewEdge Advisors LLC boosted 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. Finally, EverSource Wealth Advisors LLC boosted its stake in Trip.com Group by 44.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 701 shares of the company's stock valued at $41,000 after buying an additional 215 shares in the last quarter. Institutional investors own 35.41% of the company's stock.

Trip.com Group Stock Performance

Shares of TCOM opened at $42.45 on Monday. The stock has a fifty day moving average price of $45.69 and a two-hundred day moving average price of $53.11. 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 52-week low of $38.04 and a 52-week high of $78.99. The company has a market cap of $27.57 billion, a price-to-earnings ratio of 6.64, a PEG ratio of 3.25 and a beta of -0.03.

Trip.com Group (NASDAQ:TCOM - Get Free Report) last posted its quarterly earnings data 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 return on equity of 17.57% and a net margin of 48.26%.The business had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.30 billion. During the same period in the prior year, the firm posted $0.82 EPS. Trip.com Group's revenue for the quarter was up 17.2% compared to the same quarter last year. Analysts predict that Trip.com Group Limited Sponsored ADR will post 3.27 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

TCOM has been the subject of several recent analyst reports. Mizuho dropped their price objective on Trip.com Group from $79.00 to $65.00 and set an "outperform" rating for the company in a research note on Thursday, June 25th. China Renaissance restated a "hold" rating and issued a $42.00 target price on shares of Trip.com Group in a research note on Thursday, July 2nd. Citigroup lowered their target price on shares of Trip.com Group from $82.00 to $64.00 and set a "buy" rating on the stock in a report on Thursday, June 25th. Zacks Research cut shares of Trip.com Group from a "hold" rating to a "strong sell" rating in a research report on Tuesday, June 30th. Finally, Nomura cut their price target on shares of Trip.com Group from $71.00 to $51.00 and set a "neutral" rating for the company in a report on Friday, June 26th. Eight analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $63.20.

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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