Loomis Sayles & Co. L P Reduces Stock Position in Trip.com Group Limited (NASDAQ:TCOM)

Loomis Sayles & Co. L P decreased its position in Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 3.0% 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 1,094,185 shares of the company's stock after selling 33,874 shares during the quarter. Loomis Sayles & Co. L P owned approximately 0.17% of Trip.com Group worth $65,027,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in TCOM. Fifth Third Bancorp boosted its holdings in shares of Trip.com Group by 1,188.0% in the 2nd quarter. Fifth Third Bancorp now owns 1,069 shares of the company's stock worth $50,000 after buying an additional 986 shares during the last quarter. Hilltop National Bank increased its stake 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 purchasing an additional 876 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its stake in 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 valued at $55,000 after purchasing an additional 489 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Trip.com Group in the second quarter worth $66,000. Finally, Whittier Trust Co. of Nevada Inc. bought a new stake in shares of Trip.com Group in the second quarter valued at $74,000. Hedge funds and other institutional investors own 35.41% of the company's stock.

Trip.com Group Price Performance

TCOM stock traded up $0.89 during mid-day trading on Monday, hitting $64.53. 2,807,002 shares of the stock were exchanged, compared to its average volume of 4,034,000. 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 stock has a market capitalization of $41.56 billion, a price-to-earnings ratio of 19.05, a PEG ratio of 1.08 and a beta of 0.39. The business has a fifty day moving average price of $60.97 and a 200 day moving average price of $52.52. Trip.com Group Limited has a 12 month low of $32.42 and a 12 month high of $69.67.

Trip.com Group (NASDAQ:TCOM - Get Free Report) last released its earnings results on Monday, August 26th. The company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.65 by $0.22. The company had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.80 billion. Trip.com Group had a net margin of 31.86% and a return on equity of 12.04%. On average, sell-side analysts anticipate that Trip.com Group Limited will post 2.93 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Mizuho boosted their price objective 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. Benchmark boosted their target price on shares of Trip.com Group from $72.00 to $80.00 and gave the company a "buy" rating in a report on Tuesday, November 19th. HSBC upgraded Trip.com Group from a "hold" rating to a "buy" rating and set a $75.00 price target for the company in a research report on Tuesday, November 19th. StockNews.com upgraded Trip.com Group from a "hold" rating to a "buy" rating in a research note on Wednesday, November 20th. Finally, Citigroup increased their price target on shares of Trip.com Group from $66.00 to $72.00 and gave the stock a "buy" rating in a report on Thursday, October 10th. Eleven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $74.18.

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.