Trip.com Group Limited (NASDAQ:TCOM) Shares Sold by M&G Plc

M&G Plc lessened its holdings in shares of Trip.com Group Limited (NASDAQ:TCOM) by 49.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 166,652 shares of the company’s stock after selling 162,856 shares during the quarter. M&G Plc’s holdings in Trip.com Group were worth $7,833,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Benjamin F. Edwards & Company Inc. grew its position in shares of Trip.com Group by 90.4% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 952 shares of the company’s stock worth $34,000 after acquiring an additional 452 shares in the last quarter. Hilltop National Bank lifted its holdings in shares of Trip.com Group by 322.1% in the 2nd quarter. Hilltop National Bank now owns 1,148 shares of the company’s stock worth $54,000 after purchasing an additional 876 shares during the last quarter. Clarity Asset Management Inc. bought a new stake in shares of Trip.com Group in the 4th quarter worth approximately $66,000. Atlas Capital Advisors LLC bought a new stake in shares of Trip.com Group in the 1st quarter worth approximately $74,000. Finally, CWM LLC lifted its holdings in shares of Trip.com Group by 13.5% in the 2nd quarter. CWM LLC now owns 2,107 shares of the company’s stock worth $99,000 after purchasing an additional 251 shares during the last quarter. Institutional investors and hedge funds own 35.41% of the company’s stock.

Trip.com Group Stock Up 0.2 %

Shares of TCOM stock traded up $0.10 on Tuesday, reaching $42.15. 1,980,895 shares of the company’s stock traded hands, compared to its average volume of 3,684,264. Trip.com Group Limited has a 12-month low of $31.55 and a 12-month high of $58.00. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.15 and a current ratio of 1.15. The company has a market capitalization of $27.15 billion, a P/E ratio of 18.96 and a beta of 0.42. The business’s 50 day moving average price is $47.16 and its two-hundred day moving average price is $46.88.

Trip.com Group (NASDAQ:TCOM) last issued its quarterly earnings results on Monday, May 20th. The company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.21. Trip.com Group had a return on equity of 10.73% and a net margin of 22.99%. The business had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.61 billion. On average, equities analysts forecast that Trip.com Group Limited will post 2.78 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. StockNews.com raised Trip.com Group from a “hold” rating to a “buy” rating in a report on Friday, July 19th. Barclays lifted their target price on Trip.com Group from $60.00 to $76.00 and gave the company an “overweight” rating in a research note on Wednesday, May 22nd. Mizuho lifted their target price on Trip.com Group from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, May 21st. TD Cowen lifted their target price on Trip.com Group from $53.00 to $63.00 and gave the company a “buy” rating in a research note on Tuesday, May 21st. Finally, Benchmark reaffirmed a “buy” rating and set a $72.00 target price on shares of Trip.com Group in a research note on Wednesday, June 12th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, Trip.com Group presently has an average rating of “Moderate Buy” and a consensus price target of $63.38.

Trip.com Group Company Profile

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.