Trip.com Group Limited (NASDAQ:TCOM) Position Lessened by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lowered its position in Trip.com Group Limited (NASDAQ:TCOM) by 8.3% during the second quarter, HoldingsChannel.com reports. The firm owned 2,429,223 shares of the company’s stock after selling 218,650 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Trip.com Group were worth $114,187,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Fifth Third Bancorp lifted its holdings in shares of Trip.com Group by 1,188.0% during the 2nd quarter. Fifth Third Bancorp now owns 1,069 shares of the company’s stock valued at $50,000 after buying an additional 986 shares during the last quarter. Hilltop National Bank lifted its holdings in shares of Trip.com Group by 322.1% during the 2nd quarter. Hilltop National Bank now owns 1,148 shares of the company’s stock valued at $54,000 after buying an additional 876 shares during the last quarter. Clarity Asset Management Inc. acquired a new stake in shares of Trip.com Group during the 4th quarter valued at about $66,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Trip.com Group during the 2nd quarter valued at about $66,000. Finally, Atlas Capital Advisors LLC acquired a new stake in shares of Trip.com Group during the 1st quarter valued at about $74,000. 35.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. TD Cowen reduced their price target on Trip.com Group from $63.00 to $56.00 and set a “buy” rating for the company in a report on Tuesday, August 27th. StockNews.com downgraded Trip.com Group from a “buy” rating to a “hold” rating in a research note on Tuesday, August 13th. Finally, Benchmark reissued a “buy” rating and issued a $72.00 price objective on shares of Trip.com Group in a research note on Tuesday, August 27th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $62.50.

Trip.com Group Stock Performance

Shares of NASDAQ TCOM opened at $49.09 on Tuesday. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.15. The business’s 50 day moving average is $44.70 and its two-hundred day moving average is $47.84. The company has a market cap of $31.62 billion, a P/E ratio of 22.11 and a beta of 0.39. Trip.com Group Limited has a 12 month low of $31.55 and a 12 month high of $58.00.

Trip.com Group (NASDAQ:TCOM) last issued its quarterly earnings results on Monday, August 26th. The company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.65 by $0.22. Trip.com Group had a return on equity of 11.52% and a net margin of 28.78%. The company had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.80 billion. On average, equities analysts expect that Trip.com Group Limited will post 2.88 EPS for the current year.

About Trip.com Group

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.