Greenwoods Asset Management Hong Kong Ltd. Sells 2,592,281 Shares of Trip.com Group Limited Sponsored ADR $TCOM

Key Points

• Greenwoods Asset Management Hong Kong cut its Trip.com Group stake by 99.5% in the second quarter, selling 2.59 million shares and retaining 12,000 shares valued at approximately $478,000.
• Trip.com reported quarterly revenue of $2.35 billion, up 17.2% year over year and above estimates, although earnings per share of $0.83 narrowly missed the $0.85 consensus forecast.
• Shares recently traded at $46.25, while analysts maintained a consensus “Moderate Buy” rating with an average price target of $63.75; ratings ranged from “Strong Sell” to “Buy.”

Greenwoods Asset Management Hong Kong Ltd. reduced its stake in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 99.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,000 shares of the company's stock after selling 2,592,281 shares during the period. Trip.com Group comprises approximately 0.0% of Greenwoods Asset Management Hong Kong Ltd.'s investment portfolio, making the stock its 21st largest position. Greenwoods Asset Management Hong Kong Ltd.'s holdings in Trip.com Group were worth $478,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in TCOM. Advisory Services Network LLC lifted its stake in Trip.com Group by 2.1% in the 2nd 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 increased its holdings in shares of Trip.com Group by 8.0% during the fourth quarter. CWM LLC now owns 2,443 shares of the company's stock worth $176,000 after buying an additional 181 shares in the last quarter. Main Management ETF Advisors LLC lifted its stake in shares of Trip.com Group by 1.0% in the 4th quarter. Main Management ETF Advisors LLC now owns 18,009 shares of the company's stock valued at $1,295,000 after acquiring an additional 184 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake 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 valued at $41,000 after acquiring an additional 215 shares during the last quarter. Finally, Pathstone Holdings LLC boosted its holdings in shares of Trip.com Group by 1.2% during the 3rd quarter. Pathstone Holdings LLC now owns 19,405 shares of the company's stock valued at $1,459,000 after acquiring an additional 227 shares in the last quarter. 35.41% of the stock is currently owned by institutional investors and hedge funds.

Trip.com Group Trading Down 0.4%

NASDAQ:TCOM traded down $0.18 on Friday, reaching $46.25. 678,342 shares of the stock traded hands, compared to its average volume of 3,414,171. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.06. Trip.com Group Limited Sponsored ADR has a 1-year low of $38.04 and a 1-year high of $78.99. The company's 50 day moving average is $44.22 and its 200-day moving average is $49.29. The firm has a market capitalization of $30.04 billion, a price-to-earnings ratio of 7.24, a price-to-earnings-growth ratio of 3.71 and a beta of -0.02.

Trip.com Group (NASDAQ:TCOM - Get Free Report) last issued its quarterly earnings results on Thursday, June 25th. The company reported $0.83 earnings per share (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 firm had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.30 billion. During the same quarter last year, the firm posted $0.82 EPS. The firm's revenue for the quarter was up 17.2% on a year-over-year basis. Equities research analysts anticipate that Trip.com Group Limited Sponsored ADR will post 3.14 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have commented on TCOM. Bank of America reiterated a "buy" rating on shares of Trip.com Group in a research report on Wednesday, July 29th. Zacks Research lowered shares of Trip.com Group from a "hold" rating to a "strong sell" rating in a report on Tuesday, June 30th. Weiss Ratings lowered shares of Trip.com Group from a "hold (c+)" rating to a "hold (c)" rating in a report on Thursday, June 25th. Nomura decreased 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 research report on Friday, June 26th. Finally, Mizuho cut their price target on shares of Trip.com Group from $79.00 to $65.00 and set an "outperform" rating on the stock in a report on Thursday, June 25th. Ten research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $63.75.

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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