Deltec Asset Management LLC trimmed its position in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 87.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,000 shares of the company's stock after selling 42,300 shares during the period. Deltec Asset Management LLC's holdings in Trip.com Group were worth $357,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in TCOM. Diversified Trust Co lifted its stake in shares of Trip.com Group by 1.5% in the first quarter. Diversified Trust Co now owns 24,686 shares of the company's stock worth $1,083,000 after acquiring an additional 375 shares in the last quarter. Van ECK Associates Corp bought a new stake in Trip.com Group in the 1st quarter valued at about $3,000,000. Private Advisor Group LLC acquired a new position in shares of Trip.com Group during the first quarter worth approximately $423,000. Janney Montgomery Scott LLC acquired a new stake in Trip.com Group in the 1st quarter valued at approximately $740,000. Finally, Nordea Investment Management AB raised its stake in Trip.com Group by 12.7% during the 1st quarter. Nordea Investment Management AB now owns 1,327,429 shares of the company's stock valued at $58,818,000 after acquiring an additional 149,563 shares in the last quarter. 35.41% of the stock is currently owned by institutional investors and hedge funds.
Trip.com Group Price Performance
Shares of NASDAQ:TCOM traded up $0.17 on Wednesday, reaching $65.06. 3,761,382 shares of the company traded hands, compared to its average volume of 4,089,983. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.32 and a quick ratio of 1.32. Trip.com Group Limited has a fifty-two week low of $31.55 and a fifty-two week high of $69.67. The stock has a market capitalization of $41.90 billion, a PE ratio of 22.31 and a beta of 0.41. The company's 50 day moving average is $54.33 and its 200-day moving average is $50.71.
Trip.com Group (NASDAQ:TCOM - Get Free Report) last posted its quarterly earnings data on Monday, August 26th. The company reported $0.87 EPS for the quarter, beating analysts' consensus estimates of $0.65 by $0.22. Trip.com Group had a net margin of 28.78% and a return on equity of 11.52%. The company had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.80 billion. As a group, analysts anticipate that Trip.com Group Limited will post 2.93 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of brokerages have recently commented on TCOM. 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. StockNews.com cut shares of Trip.com Group from a "buy" rating to a "hold" rating in a research note on Tuesday, August 13th. Citigroup increased their price objective on shares of Trip.com Group from $66.00 to $72.00 and gave the company a "buy" rating in a report on Thursday, October 10th. Macquarie upgraded shares of Trip.com Group to a "strong-buy" rating in a research note on Monday, October 7th. Finally, HSBC downgraded Trip.com Group from a "buy" rating to a "hold" rating in a research report on Tuesday, October 8th. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $64.63.
View Our Latest Report on TCOM
Trip.com Group 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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