Signaturefd LLC trimmed its stake in shares of Trip.com Group Limited (NASDAQ:TCOM – Free Report) by 1.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,280 shares of the company’s stock after selling 174 shares during the period. Signaturefd LLC’s holdings in Trip.com Group were worth $552,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in TCOM. Capital World Investors increased its stake in Trip.com Group by 27.5% in the 1st quarter. Capital World Investors now owns 48,971,654 shares of the company’s stock valued at $2,149,366,000 after buying an additional 10,576,028 shares during the last quarter. Capital International Investors increased its stake in Trip.com Group by 0.4% in the 1st quarter. Capital International Investors now owns 7,941,645 shares of the company’s stock valued at $348,559,000 after buying an additional 29,768 shares during the last quarter. Kontiki Capital Management HK Ltd. increased its stake in Trip.com Group by 1.9% in the 1st quarter. Kontiki Capital Management HK Ltd. now owns 4,523,780 shares of the company’s stock valued at $198,549,000 after buying an additional 83,200 shares during the last quarter. Ninety One UK Ltd increased its stake in Trip.com Group by 1.3% in the 2nd quarter. Ninety One UK Ltd now owns 2,748,579 shares of the company’s stock valued at $129,183,000 after buying an additional 36,122 shares during the last quarter. Finally, Marshall Wace LLP increased its stake in Trip.com Group by 89.6% in 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 during the last quarter. 35.41% of the stock is currently owned by institutional investors and hedge funds.
Trip.com Group Stock Performance
Shares of TCOM stock opened at $61.85 on Friday. The company has a market capitalization of $39.84 billion, a price-to-earnings ratio of 27.86 and a beta of 0.41. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.32 and a current ratio of 1.32. The company has a 50-day simple moving average of $53.03 and a 200 day simple moving average of $50.38. Trip.com Group Limited has a 52 week low of $31.55 and a 52 week high of $69.67.
Wall Street Analyst Weigh In
Several equities research analysts have issued reports on the stock. Macquarie upgraded shares of Trip.com Group to a “strong-buy” rating in a research note on Monday, October 7th. TD Cowen lowered their price objective on shares of Trip.com Group from $63.00 to $56.00 and set a “buy” rating on the stock in a research note on Tuesday, August 27th. Benchmark restated a “buy” rating and set a $72.00 price objective on shares of Trip.com Group in a research note on Tuesday, August 27th. HSBC lowered shares of Trip.com Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th. Finally, Citigroup boosted 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 note on Thursday, October 10th. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $64.63.
Read Our Latest Research Report on TCOM
Trip.com Group 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.
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