Trip.com Group Limited (NASDAQ:TCOM) Shares Sold by Caprock Group LLC

Caprock Group LLC reduced its position in shares of Trip.com Group Limited (NASDAQ:TCOM) by 2.7% in the 3rd quarter, Holdings Channel.com reports. The firm owned 5,875 shares of the company’s stock after selling 165 shares during the period. Caprock Group LLC’s holdings in Trip.com Group were worth $349,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Fifth Third Bancorp raised its stake in Trip.com Group by 1,188.0% in the second quarter. Fifth Third Bancorp now owns 1,069 shares of the company’s stock valued at $50,000 after buying an additional 986 shares in the last quarter. Hilltop National Bank increased its holdings in shares of Trip.com Group by 322.1% in the 2nd quarter. Hilltop National Bank now owns 1,148 shares of the company’s stock valued at $54,000 after acquiring an additional 876 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its position in shares of Trip.com Group by 72.3% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,165 shares of the company’s stock worth $55,000 after acquiring an additional 489 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Trip.com Group during the second quarter worth approximately $66,000. Finally, Whittier Trust Co. of Nevada Inc. acquired a new position in Trip.com Group in the second quarter valued at approximately $74,000. Institutional investors and hedge funds own 35.41% of the company’s stock.

Trip.com Group Trading Down 2.3 %

Shares of TCOM stock opened at $63.64 on Friday. The company has a market capitalization of $40.99 billion, a P/E ratio of 19.05, a price-to-earnings-growth ratio of 1.10 and a beta of 0.39. The company has a current ratio of 1.42, a quick ratio of 1.32 and a debt-to-equity ratio of 0.14. The business’s 50 day moving average is $60.97 and its two-hundred day moving average is $52.53. Trip.com Group Limited has a twelve month low of $32.42 and a twelve month high of $69.67.

Trip.com Group (NASDAQ:TCOM) 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. The firm 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%. Equities analysts forecast that Trip.com Group Limited will post 2.93 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on TCOM. Macquarie raised their price objective on shares of Trip.com Group from $75.40 to $80.80 and gave the stock an “outperform” rating in a report on Wednesday. HSBC upgraded shares of Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a research note on Tuesday, November 19th. Hsbc Global Res upgraded shares of Trip.com Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 19th. StockNews.com upgraded Trip.com Group from a “hold” rating to a “buy” rating in a research report on Wednesday. Finally, TD Cowen upped their target price on Trip.com Group from $56.00 to $71.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Eleven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Trip.com Group currently has a consensus rating of “Buy” and a consensus price target of $74.18.

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.