Trip.com Group Limited (NASDAQ:TCOM) Shares Sold by Raymond James & Associates

Raymond James & Associates lessened its holdings in Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 80.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,577 shares of the company's stock after selling 98,396 shares during the period. Raymond James & Associates' holdings in Trip.com Group were worth $885,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of TCOM. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Trip.com Group in the 3rd quarter valued at approximately $66,000. Migdal Insurance & Financial Holdings Ltd. boosted its stake in shares of Trip.com Group by 21.1% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,245 shares of the company's stock valued at $114,000 after acquiring an additional 566 shares during the last quarter. PNC Financial Services Group Inc. increased its position in Trip.com Group by 10.9% during the 3rd quarter. PNC Financial Services Group Inc. now owns 4,102 shares of the company's stock worth $143,000 after purchasing an additional 402 shares in the last quarter. Kestra Private Wealth Services LLC acquired a new position in Trip.com Group in the 3rd quarter valued at about $219,000. Finally, SG Americas Securities LLC raised its stake in Trip.com Group by 16.2% in the 4th quarter. SG Americas Securities LLC now owns 6,467 shares of the company's stock valued at $233,000 after purchasing an additional 902 shares during the last quarter. 35.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TCOM has been the subject of a number of recent research reports. Benchmark reiterated a "buy" rating and set a $55.00 price target on shares of Trip.com Group in a report on Wednesday, April 17th. Mizuho boosted their price target on Trip.com Group from $55.00 to $60.00 and gave the company a "buy" rating in a report on Thursday, February 22nd. Citigroup increased their price target on Trip.com Group from $53.00 to $55.00 and gave the stock a "buy" rating in a research note on Monday, April 1st. UBS Group lifted their price objective on Trip.com Group from $48.00 to $52.00 and gave the company a "buy" rating in a research report on Thursday, February 22nd. Finally, StockNews.com upgraded Trip.com Group from a "hold" rating to a "buy" rating in a research note on Friday, February 23rd. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $53.67.

Trip.com Group Trading Up 2.3 %

TCOM stock traded up $1.13 during trading on Tuesday, reaching $50.48. 3,367,954 shares of the stock traded hands, compared to its average volume of 3,850,233. The business's 50 day moving average price is $45.42 and its 200-day moving average price is $38.84. The firm has a market capitalization of $32.61 billion, a PE ratio of 24.39 and a beta of 0.56. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.23 and a quick ratio of 1.17. 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 - 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 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 business had revenue of $1.45 billion during the quarter, compared to analysts' expectations of $1.42 billion. As a group, sell-side analysts forecast that Trip.com Group Limited will post 2.54 earnings per share for the current year.

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.