Mirae Asset Global Investments Co. Ltd. decreased its position in Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 8.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 759,787 shares of the company's stock after selling 68,484 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned approximately 0.12% of Trip.com Group worth $45,154,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in TCOM. Fifth Third Bancorp lifted its holdings in Trip.com Group by 1,188.0% during the second quarter. Fifth Third Bancorp now owns 1,069 shares of the company's stock valued at $50,000 after purchasing an additional 986 shares during the last quarter. Hilltop National Bank lifted its holdings in shares of Trip.com Group by 322.1% in the second quarter. Hilltop National Bank now owns 1,148 shares of the company's stock worth $54,000 after buying an additional 876 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted 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 worth $55,000 after buying an additional 489 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Trip.com Group in the second quarter worth about $66,000. Finally, Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of Trip.com Group in the second quarter worth about $74,000. Institutional investors own 35.41% of the company's stock.
Trip.com Group Stock Performance
TCOM traded down $0.21 on Friday, hitting $61.85. 1,774,097 shares of the company traded hands, compared to its average volume of 4,085,562. The stock has a market capitalization of $39.84 billion, a PE ratio of 27.86 and a beta of 0.41. The company has a 50 day moving average of $53.41 and a 200-day moving average of $50.47. Trip.com Group Limited has a 12-month low of $31.55 and a 12-month 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 released its quarterly earnings results on Monday, August 26th. The company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.22. Trip.com Group had a return on equity of 11.52% and a net margin of 28.78%. The company had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.80 billion. Sell-side analysts anticipate that Trip.com Group Limited will post 2.93 earnings per share for the current year.
Analyst Upgrades and Downgrades
TCOM has been the topic of several research analyst reports. Citigroup upped their price objective on shares of Trip.com Group from $66.00 to $72.00 and gave the stock a "buy" rating in a research report on Thursday, October 10th. Benchmark reaffirmed a "buy" rating and issued a $72.00 price target on shares of Trip.com Group in a research note on Tuesday, August 27th. TD Cowen lowered their price objective on Trip.com Group from $63.00 to $56.00 and set a "buy" rating for the company in a research report on Tuesday, August 27th. StockNews.com lowered Trip.com Group from a "buy" rating to a "hold" rating in a research report on Tuesday, August 13th. Finally, Hsbc Global Res downgraded Trip.com Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, October 8th. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $64.63.
Read Our Latest Report on Trip.com Group
Trip.com Group Company Profile
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Free Report)
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.
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