U S Global Investors Inc. Reduces Position in Trip.com Group Limited (NASDAQ:TCOM)

U S Global Investors Inc. trimmed its position in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 22.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 213,866 shares of the company's stock after selling 60,517 shares during the quarter. Trip.com Group accounts for approximately 1.2% of U S Global Investors Inc.'s holdings, making the stock its 19th largest position. U S Global Investors Inc.'s holdings in Trip.com Group were worth $12,710,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Fifth Third Bancorp raised its holdings in Trip.com Group by 1,188.0% in the 2nd quarter. Fifth Third Bancorp now owns 1,069 shares of the company's stock worth $50,000 after purchasing an additional 986 shares during the period. Hilltop National Bank raised its holdings in Trip.com Group by 322.1% in the 2nd quarter. Hilltop National Bank now owns 1,148 shares of the company's stock worth $54,000 after purchasing an additional 876 shares during the period. Benjamin F. Edwards & Company Inc. raised its holdings in Trip.com Group by 72.3% in 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 bought a new position in Trip.com Group in the 2nd quarter worth $66,000. Finally, Atlas Capital Advisors LLC bought a new position in Trip.com Group in the 1st quarter worth $74,000. 35.41% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on TCOM shares. Hsbc Global Res cut Trip.com Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, October 8th. TD Cowen decreased their price target on Trip.com Group from $63.00 to $56.00 and set a "buy" rating on the stock in a report on Tuesday, August 27th. HSBC cut Trip.com Group from a "buy" rating to a "hold" rating in a report on Tuesday, October 8th. Benchmark reissued a "buy" rating and set a $72.00 price target on shares of Trip.com Group in a report on Tuesday, August 27th. Finally, StockNews.com cut Trip.com Group from a "buy" rating to a "hold" rating in a report on Tuesday, August 13th. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $64.63.

Trip.com Group Price Performance

Shares of Trip.com Group stock traded up $0.03 during trading on Tuesday, reaching $60.53. 2,504,837 shares of the stock traded hands, compared to its average volume of 4,111,379. The company has a market capitalization of $38.99 billion, a price-to-earnings ratio of 27.27 and a beta of 0.41. Trip.com Group Limited has a 52-week low of $31.55 and a 52-week high of $69.67. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.32 and a quick ratio of 1.32. The business has a fifty day simple moving average of $52.23 and a two-hundred day simple moving average of $50.22.

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

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.