Trip.com Group Limited (NASDAQ:TCOM) Stake Cut by Raymond James & Associates

Raymond James & Associates decreased its holdings in shares of Trip.com Group Limited (NASDAQ:TCOM) by 80.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,577 shares of the company’s stock after selling 98,396 shares during the period. Raymond James & Associates’ holdings in Trip.com Group were worth $885,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Ritholtz Wealth Management raised its stake in Trip.com Group by 23.4% during the third quarter. Ritholtz Wealth Management now owns 18,562 shares of the company’s stock worth $649,000 after acquiring an additional 3,517 shares during the period. Carolina Wealth Advisors LLC acquired a new stake in shares of Trip.com Group during the 3rd quarter worth approximately $580,000. Simplicity Solutions LLC lifted its holdings in shares of Trip.com Group by 0.9% in the 3rd quarter. Simplicity Solutions LLC now owns 121,415 shares of the company’s stock worth $4,246,000 after purchasing an additional 1,053 shares during the last quarter. Hardman Johnston Global Advisors LLC acquired a new position in Trip.com Group during the 3rd quarter valued at approximately $353,000. Finally, Deltec Asset Management LLC bought a new position in Trip.com Group during the 3rd quarter worth $682,000. 35.41% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TCOM has been the topic of a number of recent research reports. Barclays raised their target price on Trip.com Group from $56.00 to $60.00 and gave the company an “overweight” rating in a research note on Thursday, February 22nd. HSBC lifted their price objective on shares of Trip.com Group from $50.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, April 12th. StockNews.com upgraded shares of Trip.com Group from a “hold” rating to a “buy” rating in a research report on Friday, February 23rd. Citigroup lifted their price target on Trip.com Group from $53.00 to $55.00 and gave the company a “buy” rating in a report on Monday, April 1st. Finally, Benchmark reissued a “buy” rating and issued a $55.00 price objective on shares of Trip.com Group in a report on Wednesday, April 17th. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, Trip.com Group has an average rating of “Moderate Buy” and a consensus target price of $53.67.

Trip.com Group Stock Performance

Shares of NASDAQ TCOM opened at $49.35 on Tuesday. Trip.com Group Limited has a 1 year low of $30.70 and a 1 year high of $50.63. 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 stock has a fifty day moving average price of $45.20 and a two-hundred day moving average price of $38.73. The firm has a market cap of $31.88 billion, a P/E ratio of 23.84 and a beta of 0.56.

Trip.com Group (NASDAQ:TCOM) last announced its earnings results on Wednesday, February 21st. The company reported $0.48 earnings per share for the quarter, beating the consensus estimate 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 analysts’ expectations of $1.42 billion. Research analysts forecast that Trip.com Group Limited will post 2.54 EPS for the current fiscal year.

Trip.com Group 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.