Victory Capital Management Inc. Cuts Stock Position in Trip.com Group Limited (NASDAQ:TCOM)

Victory Capital Management Inc. trimmed its holdings in Trip.com Group Limited (NASDAQ:TCOMFree Report) by 30.2% in the third quarter, Holdings Channel.com reports. The institutional investor owned 30,385 shares of the company’s stock after selling 13,176 shares during the quarter. Victory Capital Management Inc.’s holdings in Trip.com Group were worth $1,063,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Credit Agricole S A purchased a new stake in shares of Trip.com Group in the second quarter valued at about $25,000. First Horizon Advisors Inc. purchased a new stake in shares of Trip.com Group in the first quarter valued at about $27,000. Captrust Financial Advisors purchased a new stake in shares of Trip.com Group in the second quarter valued at about $38,000. Atlas Capital Advisors LLC purchased a new stake in shares of Trip.com Group in the first quarter valued at about $55,000. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Trip.com Group in the third quarter valued at about $66,000. 38.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on TCOM shares. Benchmark reiterated a “buy” rating and set a $55.00 price target on shares of Trip.com Group in a research note on Tuesday, November 21st. Nomura lowered shares of Trip.com Group from a “buy” rating to a “neutral” rating in a research note on Tuesday, November 21st. TheStreet upgraded shares of Trip.com Group from a “c” rating to a “b-” rating in a research note on Tuesday, November 21st. StockNews.com lowered shares of Trip.com Group from a “buy” rating to a “hold” rating in a research note on Monday, November 13th. Finally, Nomura Instinet reiterated a “neutral” rating on shares of Trip.com Group in a research note on Tuesday, November 21st. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Trip.com Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $50.33.

Get Our Latest Report on Trip.com Group

Trip.com Group Trading Up 1.0 %

Shares of TCOM opened at $40.00 on Tuesday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.16. The firm’s 50-day moving average is $36.00 and its two-hundred day moving average is $36.11. Trip.com Group Limited has a twelve month low of $30.70 and a twelve month high of $43.59. The firm has a market capitalization of $25.84 billion, a P/E ratio of 17.78 and a beta of 0.53.

Trip.com Group (NASDAQ:TCOMGet Free Report) last issued its earnings results on Monday, November 20th. The company reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.28. Trip.com Group had a net margin of 27.48% and a return on equity of 7.95%. The company had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.88 billion. On average, research analysts predict that Trip.com Group Limited will post 1.98 earnings per share for the current fiscal year.

Trip.com Group Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Trip.com Group (NASDAQ:TCOM)

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