Profund Advisors LLC Sells 5,826 Shares of Trip.com Group Limited (NASDAQ:TCOM)

Profund Advisors LLC trimmed its holdings in shares of Trip.com Group Limited (NASDAQ:TCOM) by 13.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 36,467 shares of the company’s stock after selling 5,826 shares during the quarter. Profund Advisors LLC’s holdings in Trip.com Group were worth $1,714,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Fifth Third Bancorp lifted its holdings in Trip.com Group by 1,188.0% during the second quarter. Fifth Third Bancorp now owns 1,069 shares of the company’s stock valued at $50,000 after purchasing an additional 986 shares in the last quarter. Hilltop National Bank lifted its holdings in Trip.com Group by 322.1% during the second quarter. Hilltop National Bank now owns 1,148 shares of the company’s stock valued at $54,000 after purchasing an additional 876 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its holdings in Trip.com Group by 72.3% during 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 in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Trip.com Group during the second quarter valued at approximately $66,000. Finally, Whittier Trust Co. of Nevada Inc. purchased a new position in Trip.com Group during the second quarter valued at approximately $74,000. 35.41% of the stock is currently owned by institutional investors.

Trip.com Group Price Performance

TCOM stock opened at $48.66 on Monday. Trip.com Group Limited has a 52 week low of $31.55 and a 52 week high of $58.00. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.15. The company has a fifty day simple moving average of $44.68 and a two-hundred day simple moving average of $47.80. The firm has a market capitalization of $31.34 billion, a P/E ratio of 21.92 and a beta of 0.39.

Trip.com Group (NASDAQ:TCOM) last released its quarterly earnings data on Monday, August 26th. The company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.65 by $0.22. Trip.com Group had a net margin of 28.78% and a return on equity of 11.52%. The business had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.80 billion. Analysts anticipate that Trip.com Group Limited will post 2.88 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on TCOM. Benchmark reaffirmed a “buy” rating and set a $72.00 price target on shares of Trip.com Group in a report on Tuesday, August 27th. StockNews.com downgraded shares of Trip.com Group from a “buy” rating to a “hold” rating in a report on Tuesday, August 13th. Finally, TD Cowen lowered their target price on shares of Trip.com Group from $63.00 to $56.00 and set a “buy” rating on the stock in a report on Tuesday, August 27th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $62.50.

About Trip.com Group

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.