Trip.com Group Limited (NASDAQ:TCOM) Stock Holdings Lessened by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P decreased its position in Trip.com Group Limited (NASDAQ:TCOM) by 3.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,094,185 shares of the company’s stock after selling 33,874 shares during the quarter. Loomis Sayles & Co. L P owned about 0.17% of Trip.com Group worth $65,027,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of TCOM. Cantillon Capital Management LLC grew its stake in Trip.com Group by 14.9% in the 3rd quarter. Cantillon Capital Management LLC now owns 4,868,383 shares of the company’s stock valued at $289,328,000 after buying an additional 629,508 shares during the last quarter. Fisher Asset Management LLC grew its position in Trip.com Group by 6.1% in the third quarter. Fisher Asset Management LLC now owns 2,961,009 shares of the company’s stock valued at $175,973,000 after acquiring an additional 170,890 shares during the period. Ninety One UK Ltd grew its holdings in shares of Trip.com Group by 1.3% in the 2nd quarter. Ninety One UK Ltd now owns 2,748,579 shares of the company’s stock worth $129,183,000 after purchasing an additional 36,122 shares during the last quarter. Marshall Wace LLP increased its position in shares of Trip.com Group by 89.6% during the 2nd quarter. Marshall Wace LLP now owns 1,703,234 shares of the company’s stock worth $80,052,000 after purchasing an additional 804,885 shares in the last quarter. Finally, Canada Pension Plan Investment Board lifted its holdings in Trip.com Group by 5.5% during the 2nd quarter. Canada Pension Plan Investment Board now owns 1,663,400 shares of the company’s stock valued at $78,180,000 after purchasing an additional 86,400 shares during the last quarter. 35.41% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

TCOM has been the subject of several recent analyst reports. TD Cowen raised their price objective on shares of Trip.com Group from $56.00 to $71.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. HSBC upgraded shares of Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a research report on Tuesday, November 19th. Mizuho increased their price objective on Trip.com Group from $65.00 to $78.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Macquarie boosted their target price on Trip.com Group from $75.40 to $80.80 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. Finally, Hsbc Global Res upgraded shares of Trip.com Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 19th. Eleven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $74.18.

Trip.com Group Trading Down 2.3 %

Shares of TCOM stock opened at $63.64 on Monday. The stock’s fifty day simple moving average is $60.97 and its 200 day simple moving average is $52.52. Trip.com Group Limited has a twelve month low of $32.42 and a twelve month high of $69.67. The firm has a market capitalization of $40.99 billion, a P/E ratio of 19.05, a P/E/G ratio of 1.08 and a beta of 0.39. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.14.

Trip.com Group (NASDAQ:TCOM) last issued its quarterly earnings data on Monday, August 26th. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.22. Trip.com Group had a net margin of 31.86% and a return on equity of 12.04%. The business had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.80 billion. As a group, sell-side analysts predict that Trip.com Group Limited will post 2.93 EPS for the current fiscal year.

Trip.com Group 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.