GAM Holding AG Cuts Stock Position in Trip.com Group Limited (NASDAQ:TCOM)

GAM Holding AG cut its holdings in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 40.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 132,343 shares of the company's stock after selling 90,992 shares during the period. GAM Holding AG's holdings in Trip.com Group were worth $4,766,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of TCOM. First Horizon Advisors Inc. purchased a new stake in shares of Trip.com Group during the first quarter worth approximately $27,000. Captrust Financial Advisors purchased a new stake in shares of Trip.com Group during the second quarter worth approximately $38,000. Atlas Capital Advisors LLC purchased a new stake in shares of Trip.com Group during the first quarter worth approximately $55,000. Advisors Asset Management Inc. increased its stake in shares of Trip.com Group by 81.0% during the third quarter. Advisors Asset Management Inc. now owns 1,680 shares of the company's stock worth $59,000 after buying an additional 752 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Trip.com Group during the third quarter worth approximately $66,000. 35.41% of the stock is currently owned by hedge funds and other institutional investors.

Trip.com Group Trading Up 1.0 %

Shares of NASDAQ TCOM traded up $0.47 during midday trading on Wednesday, hitting $49.38. The stock had a trading volume of 4,338,964 shares, compared to its average volume of 3,968,824. The company has a fifty day moving average price of $42.15 and a 200 day moving average price of $37.37. The company has a market capitalization of $31.90 billion, a price-to-earnings ratio of 23.85 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 1-year low of $30.70 and a 1-year high of $49.62.

Trip.com Group (NASDAQ:TCOM - Get Free Report) last posted its quarterly earnings data on Wednesday, February 21st. The company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.42 billion. On average, analysts predict that Trip.com Group Limited will post 2.54 earnings per share for the current year.

Wall Street Analyst Weigh In

TCOM has been the topic of several recent analyst reports. UBS Group increased their price target on shares of Trip.com Group from $48.00 to $52.00 and gave the company a "buy" rating in a research note on Thursday, February 22nd. Citigroup increased their price objective on Trip.com Group from $53.00 to $55.00 and gave the stock a "buy" rating in a research report on Monday. Barclays increased 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 upgraded Trip.com Group from a "hold" rating to a "buy" rating in a research report on Friday, February 23rd. Finally, Mizuho raised their price target on Trip.com Group from $55.00 to $60.00 and gave the company a "buy" rating in a research report on Thursday, February 22nd. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Trip.com Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $52.88.

About Trip.com Group

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.

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