Mirae Asset Global Investments Co. Ltd. lowered its stake in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 19.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,286,027 shares of the company's stock after selling 310,652 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned 0.20% of Trip.com Group worth $44,975,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in TCOM. BlackRock Inc. raised its position in Trip.com Group by 10.1% in the 1st quarter. BlackRock Inc. now owns 30,789,126 shares of the company's stock worth $1,159,826,000 after purchasing an additional 2,823,937 shares during the period. Morgan Stanley boosted its stake in shares of Trip.com Group by 9.3% during the 4th quarter. Morgan Stanley now owns 30,375,921 shares of the company's stock valued at $1,044,932,000 after purchasing an additional 2,581,113 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Trip.com Group by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 20,543,641 shares of the company's stock valued at $561,047,000 after purchasing an additional 330,624 shares in the last quarter. Capital International Investors boosted its stake in shares of Trip.com Group by 8.3% during the 1st quarter. Capital International Investors now owns 13,976,739 shares of the company's stock valued at $323,142,000 after purchasing an additional 1,072,288 shares in the last quarter. Finally, State Street Corp boosted its stake in shares of Trip.com Group by 5.9% during the 2nd quarter. State Street Corp now owns 9,856,226 shares of the company's stock valued at $270,556,000 after purchasing an additional 549,530 shares in the last quarter. Hedge funds and other institutional investors own 35.41% of the company's stock.
Trip.com Group Stock Up 0.3 %
Trip.com Group stock traded up $0.15 during trading hours on Friday, hitting $48.14. The stock had a trading volume of 2,044,438 shares, compared to its average volume of 3,502,493. The company has a quick ratio of 1.17, a current ratio of 1.23 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $31.10 billion, a P/E ratio of 23.26 and a beta of 0.56. Trip.com Group Limited has a 12-month low of $30.70 and a 12-month high of $49.72. The stock's 50-day moving average price is $42.83 and its 200-day moving average price is $37.63.
Trip.com Group (NASDAQ:TCOM - Get Free Report) last issued its earnings results 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. The business had revenue of $1.45 billion during the quarter, compared to analysts' expectations of $1.42 billion. Trip.com Group had a net margin of 22.43% and a return on equity of 9.35%. Equities research analysts anticipate that Trip.com Group Limited will post 2.54 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on TCOM shares. Citigroup lifted their target price on shares of Trip.com Group from $53.00 to $55.00 and gave the company a "buy" rating in a research note on Monday, April 1st. UBS Group boosted their price objective on shares of Trip.com Group from $48.00 to $52.00 and gave the stock a "buy" rating in a research note 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. Barclays boosted their price objective on shares of Trip.com Group from $56.00 to $60.00 and gave the stock an "overweight" rating in a research note on Thursday, February 22nd. Finally, Mizuho boosted their price objective on shares of Trip.com Group from $55.00 to $60.00 and gave the stock a "buy" rating in a research note 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's stock. Based on data from MarketBeat, Trip.com Group has a consensus rating of "Moderate Buy" and an average price target of $52.88.
Get Our Latest Analysis on Trip.com Group
Trip.com Group Profile
(
Free Report)
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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