Trip.com Group Limited (NASDAQ:TCOM) Shares Sold by Northwest & Ethical Investments L.P.

Northwest & Ethical Investments L.P. decreased its stake in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 41.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 73,535 shares of the company's stock after selling 51,332 shares during the period. Northwest & Ethical Investments L.P.'s holdings in Trip.com Group were worth $4,370,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Advisors Asset Management Inc. boosted its position in shares of Trip.com Group by 29.5% in the first quarter. Advisors Asset Management Inc. now owns 2,692 shares of the company's stock worth $118,000 after acquiring an additional 613 shares during the last quarter. Swedbank AB acquired a new position in shares of Trip.com Group in the 1st quarter valued at $8,891,000. Cetera Advisors LLC purchased a new stake in shares of Trip.com Group during the 1st quarter valued at $432,000. Hilltop National Bank increased its holdings in shares of Trip.com Group by 322.1% during the 2nd quarter. Hilltop National Bank now owns 1,148 shares of the company's stock worth $54,000 after buying an additional 876 shares during the last quarter. Finally, CWM LLC raised its position in shares of Trip.com Group by 13.5% in the 2nd quarter. CWM LLC now owns 2,107 shares of the company's stock worth $99,000 after buying an additional 251 shares during the period. Hedge funds and other institutional investors own 35.41% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on TCOM shares. Macquarie boosted their price target on Trip.com Group from $75.40 to $80.80 and gave the company an "outperform" rating in a research report on Wednesday, November 20th. Mizuho boosted their target price on Trip.com Group from $65.00 to $78.00 and gave the stock an "outperform" rating in a report on Tuesday, November 12th. Citigroup increased their target price 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. Barclays lifted 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 report on Wednesday, November 20th. Finally, Benchmark increased their price objective on shares of Trip.com Group from $72.00 to $80.00 and gave the stock a "buy" rating in a research report on Tuesday, November 19th. Eleven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $74.18.

Trip.com Group Stock Up 1.3 %

TCOM traded up $0.85 during trading hours on Friday, reaching $64.65. 2,559,442 shares of the stock traded hands, compared to its average volume of 4,022,898. Trip.com Group Limited has a fifty-two week low of $32.42 and a fifty-two week high of $69.67. The company has a market cap of $41.64 billion, a price-to-earnings ratio of 19.36, a PEG ratio of 0.96 and a beta of 0.39. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.42 and a quick ratio of 1.42. The firm's fifty day simple moving average is $62.64 and its two-hundred day simple moving average is $52.89.

Trip.com Group (NASDAQ:TCOM - Get Free Report) last posted its quarterly earnings data 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. Trip.com Group had a net margin of 31.86% and a return on equity of 12.04%. The company had revenue of $1.76 billion during the quarter, compared to analysts' expectations of $1.80 billion. As a group, analysts forecast 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.