Trip.com Group Limited (NASDAQ:TCOM) Holdings Decreased by US Bancorp DE

US Bancorp DE reduced its holdings in Trip.com Group Limited (NASDAQ:TCOM) by 8.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,824 shares of the company’s stock after selling 3,707 shares during the period. US Bancorp DE’s holdings in Trip.com Group were worth $2,307,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of TCOM. CWM LLC grew its holdings in shares of Trip.com Group by 10.4% during the 3rd quarter. CWM LLC now owns 2,327 shares of the company’s stock valued at $138,000 after acquiring an additional 220 shares in the last quarter. QRG Capital Management Inc. boosted its position in Trip.com Group by 2.6% during the second quarter. QRG Capital Management Inc. now owns 13,772 shares of the company’s stock valued at $647,000 after purchasing an additional 344 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its stake in Trip.com Group by 0.9% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 40,632 shares of the company’s stock valued at $1,908,000 after purchasing an additional 375 shares in the last quarter. Creative Planning raised its stake in shares of Trip.com Group by 1.7% during the 3rd quarter. Creative Planning now owns 25,622 shares of the company’s stock worth $1,523,000 after purchasing an additional 423 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Trip.com Group by 4.2% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 10,647 shares of the company’s stock valued at $500,000 after buying an additional 431 shares during the last quarter. 35.41% of the stock is currently owned by institutional investors and hedge funds.

Trip.com Group Price Performance

Shares of NASDAQ:TCOM opened at $67.06 on Thursday. 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 has a 50 day moving average price of $57.03 and a 200 day moving average price of $51.44. The company has a market cap of $43.19 billion, a price-to-earnings ratio of 23.45 and a beta of 0.39. Trip.com Group Limited has a twelve month low of $31.55 and a twelve month high of $69.67.

Trip.com Group (NASDAQ:TCOM) last announced its quarterly earnings data on Monday, August 26th. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.22. Trip.com Group had a net margin of 28.78% and a return on equity of 11.52%. The business had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.80 billion. Research analysts predict that Trip.com Group Limited will post 2.93 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on TCOM shares. Hsbc Global Res lowered shares of Trip.com Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Sanford C. Bernstein initiated coverage on shares of Trip.com Group in a research note on Monday. They issued an “outperform” rating and a $85.00 price objective for the company. Citigroup upped their price objective on shares of Trip.com Group from $66.00 to $72.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Macquarie upgraded Trip.com Group to a “strong-buy” rating in a report on Monday, October 7th. Finally, Benchmark reiterated a “buy” rating and set a $72.00 price target on shares of Trip.com Group in a research note on Tuesday, August 27th. Five analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $66.89.

Trip.com Group Company 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.