Trip.com Group Limited (NASDAQ:TCOM) Shares Sold by Ninety One North America Inc.

Ninety One North America Inc. trimmed its stake in Trip.com Group Limited (NASDAQ:TCOM) by 24.4% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 882,317 shares of the company’s stock after selling 284,912 shares during the quarter. Trip.com Group makes up about 1.6% of Ninety One North America Inc.’s investment portfolio, making the stock its 24th largest holding. Ninety One North America Inc.’s holdings in Trip.com Group were worth $31,772,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in TCOM. E Fund Management Hong Kong Co. Ltd. increased its holdings in shares of Trip.com Group by 136.0% during the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 298,950 shares of the company’s stock valued at $6,424,000 after purchasing an additional 172,253 shares during the period. Advisor Group Holdings Inc. increased its holdings in shares of Trip.com Group by 19.7% during the first quarter. Advisor Group Holdings Inc. now owns 6,496 shares of the company’s stock valued at $152,000 after purchasing an additional 1,068 shares during the period. American Century Companies Inc. increased its holdings in shares of Trip.com Group by 102.8% during the first quarter. American Century Companies Inc. now owns 102,370 shares of the company’s stock valued at $2,367,000 after purchasing an additional 51,896 shares during the period. Natixis Advisors L.P. increased its holdings in shares of 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. increased its holdings in shares of Trip.com Group by 18.1% during the first 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 period. 35.41% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Trip.com Group Price Performance

Trip.com Group stock traded up $0.61 on Thursday, reaching $48.87. The company’s stock had a trading volume of 946,687 shares, compared to its average volume of 3,863,877. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.17 and a current ratio of 1.23. The company has a market cap of $31.57 billion, a price-to-earnings ratio of 23.60 and a beta of 0.56. The business’s fifty day moving average price is $44.65 and its 200 day moving average price is $38.38. Trip.com Group Limited has a twelve month low of $30.70 and a twelve month high of $50.63.

Trip.com Group (NASDAQ:TCOM) last released its quarterly earnings data on Wednesday, February 21st. The company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.29. Trip.com Group had a return on equity of 9.35% and a net margin of 22.43%. The business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.42 billion. Equities analysts expect that Trip.com Group Limited will post 2.54 earnings per share for the current fiscal 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.