Bank of New York Mellon Corp cut its position in Trip.com Group Limited (NASDAQ:TCOM – Free Report) by 13.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 47,534 shares of the company’s stock after selling 7,118 shares during the period. Bank of New York Mellon Corp’s holdings in Trip.com Group were worth $1,662,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Credit Agricole S A acquired a new position in shares of Trip.com Group during the second quarter worth approximately $25,000. First Horizon Advisors Inc. acquired a new position in shares of Trip.com Group during the first quarter worth approximately $27,000. Captrust Financial Advisors acquired a new position in shares of Trip.com Group during the second quarter worth approximately $38,000. Atlas Capital Advisors LLC acquired a new position in Trip.com Group in the first quarter valued at approximately $55,000. Finally, Lindbrook Capital LLC lifted its holdings in Trip.com Group by 53.2% in the second quarter. Lindbrook Capital LLC now owns 2,588 shares of the company’s stock valued at $91,000 after buying an additional 899 shares during the period. 38.24% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several equities analysts recently weighed in on the stock. StockNews.com lowered shares of Trip.com Group from a “buy” rating to a “hold” rating in a report on Monday, November 13th. Benchmark reaffirmed a “buy” rating and issued a $55.00 target price on shares of Trip.com Group in a research note on Tuesday, November 21st. TheStreet raised shares of Trip.com Group from a “c” rating to a “b-” rating in a research note on Tuesday, November 21st. Nomura Instinet reaffirmed a “neutral” rating on shares of Trip.com Group in a research note on Tuesday, November 21st. Finally, Nomura downgraded shares of Trip.com Group from a “buy” rating to a “neutral” rating in a research note on Tuesday, November 21st. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $50.33.
Trip.com Group Stock Performance
TCOM opened at $39.48 on Wednesday. The firm has a market capitalization of $25.51 billion, a PE ratio of 17.55 and a beta of 0.53. Trip.com Group Limited has a 52-week low of $30.70 and a 52-week high of $43.59. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.17 and a current ratio of 1.17. The business’s 50-day simple moving average is $35.59 and its 200 day simple moving average is $36.06.
Trip.com Group (NASDAQ:TCOM – Get Free Report) last issued its quarterly earnings results on Monday, November 20th. The company reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.28. The business had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.88 billion. Trip.com Group had a return on equity of 7.95% and a net margin of 27.48%. As a group, sell-side analysts expect that Trip.com Group Limited will post 1.98 earnings per share for the current fiscal year.
About Trip.com Group
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.
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