Ninety One UK Ltd Decreases Stock Holdings in Trip.com Group Limited (NASDAQ:TCOM)

Ninety One UK Ltd lessened its stake in Trip.com Group Limited (NASDAQ:TCOM) by 15.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 3,303,769 shares of the company’s stock after selling 613,908 shares during the period. Ninety One UK Ltd’s holdings in Trip.com Group were worth $118,969,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in TCOM. Cerity Partners LLC raised its holdings in shares of Trip.com Group by 2.8% during the 4th quarter. Cerity Partners LLC now owns 12,071 shares of the company’s stock worth $435,000 after acquiring an additional 328 shares during the period. PNC Financial Services Group Inc. boosted its holdings in Trip.com Group by 10.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 4,102 shares of the company’s stock valued at $143,000 after purchasing an additional 402 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC boosted its holdings in Trip.com Group by 3.9% in the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 11,847 shares of the company’s stock valued at $414,000 after purchasing an additional 440 shares during the last quarter. Sequoia Financial Advisors LLC grew its stake in shares of Trip.com Group by 3.1% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 15,002 shares of the company’s stock valued at $525,000 after buying an additional 445 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. increased its holdings in shares of Trip.com Group by 21.1% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,245 shares of the company’s stock worth $114,000 after buying an additional 566 shares during the last quarter. Hedge funds and other institutional investors own 35.41% of the company’s stock.

Trip.com Group Stock Up 1.0 %

TCOM stock traded up $0.46 during midday trading on Thursday, hitting $48.72. The company’s stock had a trading volume of 992,490 shares, compared to its average volume of 3,864,449. The firm has a 50-day simple moving average of $44.65 and a 200-day simple moving average of $38.38. The firm has a market capitalization of $31.48 billion, a P/E ratio of 23.60 and a beta of 0.56. The company has a quick ratio of 1.17, a current ratio of 1.23 and a debt-to-equity ratio of 0.16. Trip.com Group Limited has a 52-week low of $30.70 and a 52-week high of $50.63.

Trip.com Group (NASDAQ:TCOM) last released its earnings results on Wednesday, February 21st. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.29. Trip.com Group had a return on equity of 9.35% and a net margin of 22.43%. The firm had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.42 billion. As a group, equities analysts forecast that Trip.com Group Limited will post 2.54 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on TCOM. UBS Group increased their price objective on Trip.com Group from $48.00 to $52.00 and gave the stock a “buy” rating in a research report on Thursday, February 22nd. Barclays raised their price objective on Trip.com Group from $56.00 to $60.00 and gave the stock an “overweight” rating in a research report on Thursday, February 22nd. StockNews.com raised shares of Trip.com Group from a “hold” rating to a “buy” rating in a research note on Friday, February 23rd. Benchmark reissued a “buy” rating and issued a $55.00 price target on shares of Trip.com Group in a research note on Wednesday. Finally, HSBC increased their price objective on shares of Trip.com Group from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, April 12th. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $53.67.

Trip.com Group Company Profile

Trip.com Group Limited operates as a travel service provider for accommodation reservation, transportation ticketing, packaged tours and in-destination, corporate travel management, and other travel-related services in China and internationally. The company acts as an agent for hotel-related transactions and selling air tickets, as well as provides train, long-distance bus, and ferry tickets; travel insurance products, such as flight delay, air accident, and baggage loss coverage; and air-ticket delivery, online check-in and seat selection, express security screening, real-time flight status tracker, and airport VIP lounge services.