Barings LLC Has $449,000 Position in Trip.com Group Limited (NASDAQ:TCOM)

Barings LLC lowered its holdings in shares of Trip.com Group Limited (NASDAQ:TCOM) by 5.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,679 shares of the company’s stock after selling 748 shares during the period. Barings LLC’s holdings in Trip.com Group were worth $449,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Stifel Financial Corp boosted its stake in Trip.com Group by 4.0% during the first quarter. Stifel Financial Corp now owns 7,453 shares of the company’s stock worth $295,000 after buying an additional 287 shares in the last quarter. Cigna Investments Inc. New boosted its stake in shares of Trip.com Group by 4.8% in the 2nd quarter. Cigna Investments Inc. New now owns 8,962 shares of the company’s stock valued at $318,000 after purchasing an additional 413 shares in the last quarter. Quadrant Capital Group LLC lifted its position in Trip.com Group by 16.8% during the 2nd quarter. Quadrant Capital Group LLC now owns 2,887 shares of the company’s stock worth $102,000 after buying an additional 416 shares in the last quarter. Panagora Asset Management Inc. lifted its position in Trip.com Group by 0.6% during the 1st quarter. Panagora Asset Management Inc. now owns 75,935 shares of the company’s stock worth $3,009,000 after buying an additional 427 shares in the last quarter. Finally, Park Avenue Securities LLC lifted its position in Trip.com Group by 9.2% during the 2nd quarter. Park Avenue Securities LLC now owns 5,802 shares of the company’s stock worth $206,000 after buying an additional 487 shares in the last quarter. Hedge funds and other institutional investors own 69.03% of the company’s stock.

Shares of TCOM stock opened at $29.07 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a market cap of $17.43 billion, a PE ratio of 30.28 and a beta of 1.30. The stock has a 50-day moving average of $27.83 and a 200-day moving average of $34.47. Trip.com Group Limited has a one year low of $23.61 and a one year high of $45.19.

Trip.com Group (NASDAQ:TCOM) last issued its quarterly earnings data on Wednesday, September 22nd. The company reported $1.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $1.17. Trip.com Group had a negative return on equity of 0.61% and a net margin of 22.52%. The business had revenue of $5.89 billion during the quarter, compared to analyst estimates of $5.71 billion. During the same period in the previous year, the firm earned ($0.39) EPS. Trip.com Group’s quarterly revenue was up 86.5% compared to the same quarter last year. As a group, research analysts anticipate that Trip.com Group Limited will post -0.02 earnings per share for the current year.

TCOM has been the topic of several research reports. Zacks Investment Research upgraded shares of Trip.com Group from a “sell” rating to a “hold” rating in a research report on Wednesday, September 15th. BTIG Research reissued a “hold” rating on shares of Trip.com Group in a report on Wednesday, June 23rd. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $43.77.

About Trip.com Group

Trip.com Group Ltd. engages in the provision of travel-related services. It provides hotel accommodations, airline tickets, packaged tours, corporate travel management services, property management systems and advertising services. The company was founded by Jian Zhang Liang, Min Fan, Nan Peng Shen and Qi Ji in June 1999 and is headquartered in Shanghai, China.

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Institutional Ownership by Quarter for Trip.com Group (NASDAQ:TCOM)

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