GAM Holding AG Sells 90,470 Shares of Trip.com Group Limited (NASDAQ:TCOM)

GAM Holding AG decreased its holdings in Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 60.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 59,951 shares of the company's stock after selling 90,470 shares during the period. GAM Holding AG's holdings in Trip.com Group were worth $3,563,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Ballentine Partners LLC increased its stake in shares of Trip.com Group by 42.6% during the first quarter. Ballentine Partners LLC now owns 8,595 shares of the company's stock worth $377,000 after purchasing an additional 2,566 shares during the period. Atlas Capital Advisors LLC bought a new position in shares of Trip.com Group during the first quarter worth approximately $74,000. Diversified Trust Co increased its stake in shares of Trip.com Group by 1.5% during the first quarter. Diversified Trust Co now owns 24,686 shares of the company's stock worth $1,083,000 after purchasing an additional 375 shares during the period. Caprock Group LLC bought a new position in shares of Trip.com Group during the first quarter worth approximately $224,000. Finally, Van ECK Associates Corp bought a new position in shares of Trip.com Group during the first quarter worth approximately $3,000,000. Institutional investors own 35.41% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on TCOM shares. Hsbc Global Res lowered Trip.com Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, October 8th. Citigroup increased their target price on Trip.com Group from $66.00 to $72.00 and gave the stock a "buy" rating in a research note on Thursday, October 10th. HSBC downgraded Trip.com Group from a "buy" rating to a "hold" rating in a research report on Tuesday, October 8th. Macquarie raised Trip.com Group to a "strong-buy" rating in a research report on Monday, October 7th. Finally, TD Cowen reduced their price target on Trip.com Group from $63.00 to $56.00 and set a "buy" rating on the stock in a research report on Tuesday, August 27th. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $64.63.

Trip.com Group Price Performance

Shares of TCOM stock traded up $0.91 during trading hours on Wednesday, reaching $61.44. The company's stock had a trading volume of 3,053,214 shares, compared to its average volume of 4,106,318. The firm's 50 day simple moving average is $52.63 and its 200-day simple moving average is $50.30. The company has a market capitalization of $39.57 billion, a price-to-earnings ratio of 27.68 and a beta of 0.41. Trip.com Group Limited has a fifty-two week low of $31.55 and a fifty-two week high of $69.67. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.15.

Trip.com Group (NASDAQ:TCOM - Get Free Report) last issued its earnings results on Monday, August 26th. The company reported $0.87 earnings per share for the quarter, beating analysts' consensus estimates of $0.65 by $0.22. The firm had revenue of $1.76 billion for 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%. Sell-side analysts forecast that Trip.com Group Limited will post 2.93 earnings per share 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.