Signaturefd LLC Has $552,000 Stake in Trip.com Group Limited (NASDAQ:TCOM)

Signaturefd LLC trimmed its stake in shares of Trip.com Group Limited (NASDAQ:TCOM) 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.

Trip.com Group (NASDAQ:TCOM) last announced its earnings results on Monday, August 26th. The company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.65 by $0.22. The business had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.80 billion. Trip.com Group had a net margin of 28.78% and a return on equity of 11.52%. On average, sell-side analysts predict that Trip.com Group Limited will post 2.93 earnings per share for the current year.

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.

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.