Harvest Fund Management Co. Ltd Decreases Position in Trip.com Group Limited (NASDAQ:TCOM)

Harvest Fund Management Co. Ltd decreased its holdings in Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 48.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 66,231 shares of the company's stock after selling 63,172 shares during the period. Harvest Fund Management Co. Ltd's holdings in Trip.com Group were worth $3,936,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TCOM. CWM LLC lifted its holdings in shares of Trip.com Group by 10.4% in the 3rd quarter. CWM LLC now owns 2,327 shares of the company's stock worth $138,000 after buying an additional 220 shares during the period. QRG Capital Management Inc. raised its stake in Trip.com Group by 2.6% in the second quarter. QRG Capital Management Inc. now owns 13,772 shares of the company's stock valued at $647,000 after buying an additional 344 shares during the last quarter. Creative Planning boosted its stake in Trip.com Group by 1.7% in 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. Vanguard Personalized Indexing Management LLC grew its holdings in shares of Trip.com Group by 4.2% during the second 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. Finally, Benjamin F. Edwards & Company Inc. increased its holdings in shares of Trip.com Group by 72.3% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,165 shares of the company's stock valued at $55,000 after purchasing an additional 489 shares during the period. Institutional investors own 35.41% of the company's stock.

Trip.com Group Stock Performance

Shares of NASDAQ TCOM traded up $0.89 during midday trading on Monday, reaching $64.53. 1,811,894 shares of the company were exchanged, compared to its average volume of 4,028,695. The stock has a fifty day simple moving average of $60.97 and a 200 day simple moving average of $52.52. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.14. The stock has a market cap of $41.56 billion, a P/E ratio of 19.05, a PEG ratio of 1.08 and a beta of 0.39. Trip.com Group Limited has a 1 year low of $32.42 and a 1 year high of $69.67.

Trip.com Group (NASDAQ:TCOM - Get Free Report) last posted its quarterly earnings results 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 31.86% and a return on equity of 12.04%. The firm had revenue of $1.76 billion during the quarter, compared to analysts' expectations of $1.80 billion. On average, research analysts forecast that Trip.com Group Limited will post 2.93 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on TCOM. Mizuho raised their price objective on shares of Trip.com Group from $65.00 to $78.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 12th. Citigroup raised their target price on Trip.com Group from $66.00 to $72.00 and gave the company a "buy" rating in a research report on Thursday, October 10th. Barclays increased their price target on Trip.com Group from $76.00 to $84.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 20th. Macquarie boosted their price objective on Trip.com Group from $75.40 to $80.80 and gave the stock an "outperform" rating in a research note on Wednesday, November 20th. Finally, Benchmark raised their target price on Trip.com Group from $72.00 to $80.00 and gave the company a "buy" rating in a research report on Tuesday, November 19th. Eleven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $74.18.

About Trip.com Group

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.