Ninety One UK Ltd Sells 613,908 Shares of Trip.com Group Limited (NASDAQ:TCOM)

Ninety One UK Ltd cut its holdings in Trip.com Group Limited (NASDAQ:TCOM) by 15.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,303,769 shares of the company’s stock after selling 613,908 shares during the quarter. Ninety One UK Ltd owned 0.51% of Trip.com Group worth $118,969,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. E Fund Management Hong Kong Co. Ltd. increased its holdings in shares of Trip.com Group by 136.0% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 298,950 shares of the company’s stock worth $6,424,000 after buying an additional 172,253 shares during the last quarter. Advisor Group Holdings Inc. grew its position in Trip.com Group by 19.7% in the first quarter. Advisor Group Holdings Inc. now owns 6,496 shares of the company’s stock worth $152,000 after acquiring an additional 1,068 shares in the last quarter. American Century Companies Inc. increased its stake in Trip.com Group by 102.8% during the first quarter. American Century Companies Inc. now owns 102,370 shares of the company’s stock worth $2,367,000 after acquiring an additional 51,896 shares during the last quarter. Natixis Advisors L.P. raised its position in Trip.com Group by 9.2% during the first quarter. Natixis Advisors L.P. now owns 27,367 shares of the company’s stock valued at $632,000 after purchasing an additional 2,312 shares during the period. Finally, BlackRock Inc. lifted its stake in shares of Trip.com Group by 18.1% in the 1st quarter. BlackRock Inc. now owns 25,456,730 shares of the company’s stock valued at $588,559,000 after purchasing an additional 3,893,531 shares during the last quarter. Institutional investors own 35.41% of the company’s stock.

Wall Street Analyst Weigh In

TCOM has been the topic of several recent research reports. StockNews.com upgraded Trip.com Group from a “hold” rating to a “buy” rating in a report on Friday, February 23rd. Barclays increased their target price on shares of Trip.com Group from $56.00 to $60.00 and gave the company an “overweight” rating in a research note on Thursday, February 22nd. HSBC lifted their price target on shares of Trip.com Group from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, April 12th. UBS Group raised 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. Finally, Citigroup upped their target price on Trip.com Group from $53.00 to $55.00 and gave the company a “buy” rating in a research note on Monday, April 1st. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $53.67.

Trip.com Group Stock Up 1.0 %

Shares of TCOM traded up $0.46 during midday trading on Thursday, reaching $48.72. 992,490 shares of the stock were exchanged, compared to its average volume of 3,864,449. 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’s 50 day moving average is $44.65 and its two-hundred day moving average is $38.38. The company has a market capitalization of $31.48 billion, a P/E ratio of 23.60 and a beta of 0.56. 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) last posted its quarterly earnings results on Wednesday, February 21st. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.19 by $0.29. The business had revenue of $1.45 billion during 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, sell-side analysts anticipate 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.