Russell Investments Group Ltd. cut its holdings in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 15.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,707,846 shares of the company's stock after selling 309,780 shares during the period. Russell Investments Group Ltd. owned 0.26% of Trip.com Group worth $61,309,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of TCOM. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Trip.com Group in the third quarter valued at approximately $66,000. Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of Trip.com Group by 21.1% in the third 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. PNC Financial Services Group Inc. raised its holdings in shares of Trip.com Group by 10.9% in the third quarter. PNC Financial Services Group Inc. now owns 4,102 shares of the company's stock worth $143,000 after buying an additional 402 shares during the last quarter. Lester Murray Antman dba SimplyRich purchased a new position in shares of Trip.com Group in the fourth quarter worth $210,000. Finally, Ballentine Partners LLC purchased a new position in shares of Trip.com Group in the fourth quarter worth $217,000. 35.41% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several brokerages recently issued reports on TCOM. UBS Group raised their target price on shares of Trip.com Group from $48.00 to $52.00 and gave the stock a "buy" rating in a report on Thursday, February 22nd. Benchmark reaffirmed a "buy" rating and issued a $55.00 price objective on shares of Trip.com Group in a report on Wednesday, April 17th. Barclays lifted their price objective on shares of Trip.com Group from $56.00 to $60.00 and gave the company an "overweight" rating in a report on Thursday, February 22nd. Mizuho lifted their price objective on shares of Trip.com Group from $55.00 to $60.00 and gave the company a "buy" rating in a report on Thursday, February 22nd. Finally, 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 report on Monday, April 1st. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat.com, Trip.com Group has an average rating of "Moderate Buy" and a consensus price target of $53.67.
Read Our Latest Stock Report on TCOM
Trip.com Group Price Performance
Shares of NASDAQ TCOM traded down $1.47 during trading on Monday, hitting $49.13. The company had a trading volume of 3,832,981 shares, compared to its average volume of 3,834,964. The stock has a fifty day simple moving average of $45.99 and a two-hundred day simple moving average of $39.19. Trip.com Group Limited has a fifty-two week low of $30.70 and a fifty-two week high of $51.89. The firm has a market capitalization of $31.74 billion, a price-to-earnings ratio of 24.44 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 (NASDAQ:TCOM - Get Free Report) last posted its quarterly earnings results on Wednesday, February 21st. The company reported $0.48 earnings per share for the quarter, topping analysts' consensus estimates of $0.19 by $0.29. The firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.42 billion. Trip.com Group had a net margin of 22.43% and a return on equity of 9.35%. On average, research analysts expect that Trip.com Group Limited will post 2.54 earnings per share for the current year.
Trip.com Group Company Profile
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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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