PARUS FINANCE UK Ltd lessened its stake in shares of Trip.com Group Limited (NASDAQ:TCOM – Free Report) by 41.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 68,238 shares of the company’s stock after selling 47,929 shares during the quarter. Trip.com Group comprises about 1.3% of PARUS FINANCE UK Ltd’s holdings, making the stock its 18th biggest holding. PARUS FINANCE UK Ltd’s holdings in Trip.com Group were worth $2,457,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also modified their holdings of the company. Benjamin F. Edwards & Company Inc. lifted its position in shares of Trip.com Group by 90.4% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 952 shares of the company’s stock worth $34,000 after buying an additional 452 shares during the last quarter. Parallel Advisors LLC increased its holdings in shares of Trip.com Group by 14.5% in the 4th quarter. Parallel Advisors LLC now owns 3,396 shares of the company’s stock valued at $122,000 after acquiring an additional 430 shares during the period. Barometer Capital Management Inc. acquired a new position in shares of Trip.com Group in the 4th quarter valued at $122,000. PNC Financial Services Group Inc. increased its holdings in shares of Trip.com Group by 10.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 4,102 shares of the company’s stock valued at $143,000 after acquiring an additional 402 shares during the period. Finally, West Family Investments Inc. acquired a new position in shares of Trip.com Group in the 4th quarter valued at $204,000. Hedge funds and other institutional investors own 35.41% of the company’s stock.
Trip.com Group Price Performance
Trip.com Group stock opened at $50.27 on Friday. Trip.com Group Limited has a 52 week low of $31.55 and a 52 week high of $58.00. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.07. The firm’s 50-day simple moving average is $51.59 and its 200 day simple moving average is $43.58. The firm has a market capitalization of $32.38 billion, a PE ratio of 22.64 and a beta of 0.44.
Trip.com Group (NASDAQ:TCOM – Get Free Report) last released its quarterly earnings data on Monday, May 20th. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.53 by $0.21. Trip.com Group had a net margin of 22.99% and a return on equity of 10.73%. The business had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.61 billion. On average, equities research analysts predict that Trip.com Group Limited will post 2.66 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on the stock. Mizuho lifted their target price on shares of Trip.com Group from $60.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, May 21st. StockNews.com raised shares of Trip.com Group from a “hold” rating to a “buy” rating in a research note on Wednesday, May 22nd. HSBC boosted 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 note on Friday, April 12th. Barclays boosted their price objective on shares of Trip.com Group from $60.00 to $76.00 and gave the company an “overweight” rating in a research note on Wednesday, May 22nd. Finally, CLSA boosted their price objective on shares of Trip.com Group from $55.00 to $64.00 and gave the company a “buy” rating in a research note on Monday, May 13th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $61.89.
View Our Latest Stock Report on TCOM
Trip.com Group 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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider Trip.com Group, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Trip.com Group wasn’t on the list.
While Trip.com Group currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
Click the link below and we’ll send you MarketBeat’s list of seven best retirement stocks and why they should be in your portfolio.
