Aubrey Capital Management Ltd Trims Stock Position in Trip.com Group Limited (NASDAQ:TCOM)

Aubrey Capital Management Ltd lessened its stake in Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 7.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 365,840 shares of the company's stock after selling 29,560 shares during the quarter. Trip.com Group accounts for about 8.4% of Aubrey Capital Management Ltd's portfolio, making the stock its 3rd largest holding. Aubrey Capital Management Ltd owned about 0.06% of Trip.com Group worth $21,742,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TCOM. Fifth Third Bancorp lifted its holdings in Trip.com Group by 1,188.0% during the 2nd quarter. Fifth Third Bancorp now owns 1,069 shares of the company's stock worth $50,000 after buying an additional 986 shares in the last quarter. Hilltop National Bank increased its stake in Trip.com Group by 322.1% in 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 period. Benjamin F. Edwards & Company Inc. increased its position in Trip.com Group by 72.3% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,165 shares of the company's stock worth $55,000 after purchasing an additional 489 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Trip.com Group in the second quarter valued at $66,000. Finally, Whittier Trust Co. of Nevada Inc. acquired a new position in Trip.com Group during the second quarter worth about $74,000. Institutional investors and hedge funds own 35.41% of the company's stock.

Trip.com Group Stock Performance

Shares of TCOM stock traded down $2.15 during midday trading on Thursday, hitting $59.93. 3,229,494 shares of the company were exchanged, compared to its average volume of 4,041,119. Trip.com Group Limited has a 52 week low of $31.55 and a 52 week high of $69.67. The firm has a market capitalization of $38.60 billion, a P/E ratio of 21.71 and a beta of 0.39. The firm's 50 day moving average price is $58.85 and its two-hundred day moving average price is $51.97. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.32 and a current ratio of 1.32.

Trip.com Group (NASDAQ:TCOM - Get Free Report) last released its quarterly earnings results on Monday, August 26th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.22. The business had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.80 billion. Trip.com Group had a return on equity of 11.52% and a net margin of 28.78%. As a group, equities research analysts anticipate that Trip.com Group Limited will post 2.93 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. HSBC cut Trip.com Group from a "buy" rating to a "hold" rating in a report on Tuesday, October 8th. Hsbc Global Res lowered shares of Trip.com Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, October 8th. Mizuho boosted their price objective on shares of Trip.com Group from $65.00 to $78.00 and gave the stock an "outperform" rating in a report on Tuesday. Citigroup boosted their price objective on Trip.com Group from $66.00 to $72.00 and gave the company a "buy" rating in a report on Thursday, October 10th. Finally, Macquarie upgraded shares of Trip.com Group to a "strong-buy" rating in a report on Monday, October 7th. Five investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Trip.com Group presently has an average rating of "Moderate Buy" and an average price target of $68.33.

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.