Trip.com Group Limited (NASDAQ:TCOM) Shares Sold by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale cut its holdings in shares of Trip.com Group Limited (NASDAQ:TCOM) by 1.5% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 405,000 shares of the company’s stock after selling 6,000 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Trip.com Group were worth $17,805,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Capital World Investors increased its holdings in shares of Trip.com Group by 40.4% during the 4th quarter. Capital World Investors now owns 38,395,626 shares of the company’s stock valued at $1,382,592,000 after purchasing an additional 11,039,672 shares in the last quarter. Schroder Investment Management Group grew its stake in Trip.com Group by 3,752.1% in the 4th quarter. Schroder Investment Management Group now owns 9,886,320 shares of the company’s stock valued at $356,006,000 after acquiring an additional 9,629,673 shares during the period. Brilliance Asset Management Ltd. raised its position in Trip.com Group by 433.6% during the fourth quarter. Brilliance Asset Management Ltd. now owns 1,904,603 shares of the company’s stock worth $68,585,000 after acquiring an additional 1,547,659 shares during the period. Green Court Capital Management Ltd lifted its holdings in Trip.com Group by 64.5% during the fourth quarter. Green Court Capital Management Ltd now owns 3,421,281 shares of the company’s stock valued at $123,200,000 after purchasing an additional 1,341,806 shares in the last quarter. Finally, National Bank of Canada FI grew its position in shares of Trip.com Group by 413,028.8% in the first quarter. National Bank of Canada FI now owns 859,308 shares of the company’s stock valued at $37,715,000 after purchasing an additional 859,100 shares during the period. 35.41% of the stock is currently owned by institutional investors and hedge funds.

Trip.com Group Trading Down 4.4 %

NASDAQ TCOM traded down $1.82 on Friday, reaching $39.32. The stock had a trading volume of 5,797,288 shares, compared to its average volume of 3,387,947. Trip.com Group Limited has a 12-month low of $31.55 and a 12-month high of $58.00. The stock has a fifty day moving average price of $48.39 and a two-hundred day moving average price of $46.51. The firm has a market capitalization of $25.33 billion, a price-to-earnings ratio of 17.71 and a beta of 0.42. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.07.

Trip.com Group (NASDAQ:TCOM) last announced its earnings results on Monday, May 20th. The company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.21. The company had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.61 billion. Trip.com Group had a return on equity of 10.73% and a net margin of 22.99%. As a group, sell-side analysts forecast that Trip.com Group Limited will post 2.78 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TCOM. HSBC lifted their price target 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. Barclays raised their price target on shares of Trip.com Group from $60.00 to $76.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 22nd. Benchmark reiterated a “buy” rating and issued a $72.00 price objective on shares of Trip.com Group in a report on Wednesday, June 12th. CLSA boosted their target price on Trip.com Group from $55.00 to $64.00 and gave the stock a “buy” rating in a report on Monday, May 13th. Finally, TD Cowen lifted their price objective on Trip.com Group from $53.00 to $63.00 and gave the stock a “buy” rating in a research report on Tuesday, May 21st. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Trip.com Group has an average rating of “Moderate Buy” and an average price target of $63.38.

About Trip.com Group

Trip.com Group Limited, through its subsidiaries, 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.