Bridgewater Associates LP Sells 7,966 Shares of Trip.com Group Limited (NASDAQ:TCOM)

Bridgewater Associates LP trimmed its holdings in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 1.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 588,260 shares of the company's stock after selling 7,966 shares during the period. Bridgewater Associates LP owned approximately 0.09% of Trip.com Group worth $34,960,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. FMR LLC grew its holdings in Trip.com Group by 32.8% during the third quarter. FMR LLC now owns 11,123,783 shares of the company's stock valued at $661,086,000 after purchasing an additional 2,749,365 shares during the period. Sanders Capital LLC lifted its holdings in Trip.com Group by 34.7% in the 3rd quarter. Sanders Capital LLC now owns 9,566,403 shares of the company's stock worth $568,531,000 after purchasing an additional 2,462,767 shares in the last quarter. 1832 Asset Management L.P. boosted its stake in Trip.com Group by 4,800.0% in the 2nd quarter. 1832 Asset Management L.P. now owns 1,399,298 shares of the company's stock worth $65,767,000 after purchasing an additional 1,370,741 shares during the period. Marshall Wace LLP grew its holdings in Trip.com Group by 89.6% during the 2nd quarter. Marshall Wace LLP now owns 1,703,234 shares of the company's stock valued at $80,052,000 after buying an additional 804,885 shares in the last quarter. Finally, New York State Common Retirement Fund raised its position in shares of Trip.com Group by 155.1% during the third quarter. New York State Common Retirement Fund now owns 1,145,863 shares of the company's stock valued at $68,099,000 after buying an additional 696,766 shares during the last quarter. Hedge funds and other institutional investors own 35.41% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on TCOM shares. Mizuho increased their price target on Trip.com Group from $65.00 to $78.00 and gave the company an "outperform" rating in a research note on Tuesday, November 12th. Citigroup increased 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 upped their price target on shares of Trip.com Group from $76.00 to $84.00 and gave the company an "overweight" rating in a research note on Wednesday, November 20th. Hsbc Global Res raised shares of Trip.com Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, November 19th. Finally, HSBC upgraded shares of Trip.com Group from a "hold" rating to a "buy" rating and set a $75.00 target price on the stock in a research report on Tuesday, November 19th. Eleven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $74.18.

Trip.com Group Trading Up 1.6 %

TCOM stock traded up $1.00 during mid-day trading on Wednesday, reaching $63.90. The company had a trading volume of 2,978,692 shares, compared to its average volume of 4,024,067. The company has a market capitalization of $41.16 billion, a PE ratio of 18.83, a price-to-earnings-growth ratio of 0.97 and a beta of 0.39. The firm has a 50 day moving average of $61.65 and a 200 day moving average of $52.67. Trip.com Group Limited has a 12 month low of $32.42 and a 12 month high of $69.67. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.42 and a quick ratio of 1.42.

Trip.com Group (NASDAQ:TCOM - Get Free Report) last released its quarterly earnings data on Monday, August 26th. The company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.65 by $0.22. Trip.com Group had a return on equity of 12.04% and a net margin of 31.86%. The company had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.80 billion. On average, equities analysts predict that Trip.com Group Limited will post 3.29 earnings per share for the current fiscal year.

Trip.com Group Company 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.