Bridgewater Associates LP Lowers Stock Position in Trip.com Group Limited (NASDAQ:TCOM)

Bridgewater Associates LP reduced its position in Trip.com Group Limited (NASDAQ:TCOM) by 1.3% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 588,260 shares of the company’s stock after selling 7,966 shares during the period. Bridgewater Associates LP’s holdings in Trip.com Group were worth $34,960,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TCOM. FMR LLC grew its stake in Trip.com Group by 32.8% during the third quarter. FMR LLC now owns 11,123,783 shares of the company’s stock worth $661,086,000 after buying an additional 2,749,365 shares during the period. Sanders Capital LLC lifted its holdings in shares of Trip.com Group by 34.7% during the 3rd quarter. Sanders Capital LLC now owns 9,566,403 shares of the company’s stock valued at $568,531,000 after acquiring an additional 2,462,767 shares in the last quarter. 1832 Asset Management L.P. lifted its holdings in shares of Trip.com Group by 4,800.0% during the 2nd quarter. 1832 Asset Management L.P. now owns 1,399,298 shares of the company’s stock valued at $65,767,000 after acquiring an additional 1,370,741 shares in the last quarter. Marshall Wace LLP boosted its position in Trip.com Group by 89.6% during the 2nd quarter. Marshall Wace LLP now owns 1,703,234 shares of the company’s stock worth $80,052,000 after purchasing an additional 804,885 shares during the period. Finally, New York State Common Retirement Fund increased its holdings in Trip.com Group by 155.1% in the 3rd quarter. New York State Common Retirement Fund now owns 1,145,863 shares of the company’s stock valued at $68,099,000 after purchasing an additional 696,766 shares in the last quarter. Institutional investors and hedge funds own 35.41% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on TCOM shares. Benchmark boosted their price objective on Trip.com Group from $72.00 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Hsbc Global Res raised Trip.com Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 19th. HSBC raised shares of Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a research report on Tuesday, November 19th. StockNews.com raised Trip.com Group from a “hold” rating to a “buy” rating in a research report on Wednesday, November 20th. Finally, Citigroup lifted their price target 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. Eleven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Trip.com Group has an average rating of “Buy” and a consensus price target of $74.18.

Trip.com Group Trading Down 2.5 %

Trip.com Group stock opened at $62.90 on Wednesday. Trip.com Group Limited has a 52-week low of $32.42 and a 52-week high of $69.67. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $40.51 billion, a price-to-earnings ratio of 18.83, a PEG ratio of 0.97 and a beta of 0.39. The firm has a 50-day moving average price of $61.65 and a two-hundred day moving average price of $52.67.

Trip.com Group (NASDAQ:TCOM) last issued its quarterly earnings data on Monday, August 26th. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.22. Trip.com Group had a return on equity of 12.04% and a net margin of 31.86%. The business had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.80 billion. Sell-side analysts expect that Trip.com Group Limited will post 3.29 earnings per share for the current 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.