SG Americas Securities LLC Sells 144,566 Shares of Trip.com Group Limited Sponsored ADR $TCOM

SG Americas Securities LLC trimmed its holdings in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 69.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 64,904 shares of the company’s stock after selling 144,566 shares during the quarter. SG Americas Securities LLC’s holdings in Trip.com Group were worth $3,232,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Brown Brothers Harriman & Co. boosted its position in Trip.com Group by 237.3% during the 4th quarter. Brown Brothers Harriman & Co. now owns 398 shares of the company’s stock valued at $29,000 after acquiring an additional 280 shares in the last quarter. TD Private Client Wealth LLC bought a new position in shares of Trip.com Group in the 4th quarter worth $31,000. Caitong International Asset Management Co. Ltd lifted its stake in shares of Trip.com Group by 601.3% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 554 shares of the company’s stock worth $42,000 after purchasing an additional 475 shares during the last quarter. NewEdge Advisors LLC lifted its stake in shares of Trip.com Group by 384.6% during the 1st quarter. NewEdge Advisors LLC now owns 567 shares of the company’s stock worth $36,000 after purchasing an additional 450 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in Trip.com Group by 44.2% during the second quarter. EverSource Wealth Advisors LLC now owns 701 shares of the company’s stock valued at $41,000 after purchasing an additional 215 shares in the last quarter. Institutional investors own 35.41% of the company’s stock.

Wall Street Analyst Weigh In

TCOM has been the topic of several analyst reports. Bank of America cut their target price on Trip.com Group from $78.00 to $64.00 and set a “buy” rating on the stock in a research note on Monday. Citigroup decreased their price target on shares of Trip.com Group from $82.00 to $64.00 and set a “buy” rating for the company in a research report on Thursday, June 25th. Barclays cut their price objective on shares of Trip.com Group from $75.00 to $60.00 and set an “overweight” rating on the stock in a research report on Friday, June 26th. Weiss Ratings lowered shares of Trip.com Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 25th. Finally, Mizuho decreased their target price on shares of 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. Eight research analysts have rated the stock with a Buy rating and three 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 $65.56.

Trip.com Group Trading Down 0.3%

Trip.com Group stock opened at $39.84 on Wednesday. The stock has a 50-day moving average of $48.71 and a two-hundred day moving average of $55.86. 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 one year low of $38.04 and a one year high of $78.99. The stock has a market cap of $25.88 billion, a PE ratio of 6.23, a price-to-earnings-growth ratio of 2.95 and a beta of -0.07.

Trip.com Group (NASDAQ:TCOM) last issued 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 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 business posted $0.82 EPS. Trip.com Group’s revenue was up 17.2% compared to the same quarter last year. On average, research analysts anticipate that Trip.com Group Limited Sponsored ADR will post 3.39 EPS for the current fiscal year.

Trip.com Group Company 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.