Paradiem LLC cut its stake in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 43.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 45,649 shares of the company's stock after selling 34,882 shares during the period. Paradiem LLC's holdings in Trip.com Group were worth $1,644,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of TCOM. Deltec Asset Management LLC bought a new stake in shares of Trip.com Group during the third quarter valued at about $682,000. Raymond James & Associates grew its holdings in shares of Trip.com Group by 24.1% during the third quarter. Raymond James & Associates now owns 122,973 shares of the company's stock worth $4,300,000 after purchasing an additional 23,920 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its holdings 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 worth $114,000 after purchasing an additional 566 shares in the last quarter. Advisor Partners II LLC purchased a new position in shares of Trip.com Group during the third quarter worth about $322,000. Finally, Henry James International Management Inc. grew its holdings in shares of Trip.com Group by 17.1% during the third quarter. Henry James International Management Inc. now owns 25,327 shares of the company's stock worth $886,000 after purchasing an additional 3,695 shares in the last quarter. 35.41% of the stock is currently owned by institutional investors.
Trip.com Group Stock Up 0.4 %
TCOM traded up $0.18 during trading on Friday, reaching $50.60. The stock had a trading volume of 4,542,364 shares, compared to its average volume of 3,440,245. The stock's 50 day moving average is $45.99 and its two-hundred day moving average is $39.19. The company has a current ratio of 1.23, a quick ratio of 1.17 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $32.69 billion, a price-to-earnings ratio of 24.44 and a beta of 0.56. Trip.com Group Limited has a one year low of $30.70 and a one year high of $51.89.
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 analysts' consensus estimates of $0.19 by $0.29. The business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.42 billion. Trip.com Group had a return on equity of 9.35% and a net margin of 22.43%. As a group, analysts expect that Trip.com Group Limited will post 2.54 earnings per share for the current year.
Wall Street Analyst Weigh In
Several research analysts have recently commented on TCOM shares. UBS Group boosted their price objective on 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 target price on shares of Trip.com Group in a research note on Wednesday, April 17th. Mizuho upped their target price on Trip.com Group from $55.00 to $60.00 and gave the stock a "buy" rating in a research note on Thursday, February 22nd. StockNews.com raised Trip.com Group from a "hold" rating to a "buy" rating in a research note on Friday, February 23rd. Finally, HSBC upped their target price on Trip.com Group from $50.00 to $60.00 and gave the stock a "buy" rating in a research note on Friday, April 12th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $53.67.
Check Out Our Latest Stock Report on Trip.com Group
About Trip.com Group
(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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