Trip.com Group Limited (NASDAQ:TCOM) Stock Holdings Trimmed by Driehaus Capital Management LLC

Driehaus Capital Management LLC lessened its position in shares of Trip.com Group Limited (NASDAQ:TCOM) by 13.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,420,431 shares of the company’s stock after selling 226,429 shares during the period. Driehaus Capital Management LLC owned about 0.22% of Trip.com Group worth $66,760,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Fifth Third Bancorp boosted its holdings in shares of Trip.com Group by 1,188.0% in the 2nd quarter. Fifth Third Bancorp now owns 1,069 shares of the company’s stock valued at $50,000 after buying an additional 986 shares during the period. Hilltop National Bank boosted its stake in Trip.com Group by 322.1% in the second 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 period. Benjamin F. Edwards & Company Inc. grew its holdings in shares of 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 during the last quarter. Clarity Asset Management Inc. acquired a new stake in shares of Trip.com Group during the 4th quarter worth approximately $66,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Trip.com Group in the 2nd quarter worth approximately $66,000. Institutional investors and hedge funds own 35.41% of the company’s stock.

Trip.com Group Trading Up 8.2 %

Trip.com Group stock opened at $61.32 on Friday. 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 business’s 50-day simple moving average is $45.45 and its 200-day simple moving average is $48.11. The firm has a market capitalization of $39.50 billion, a PE ratio of 27.62 and a beta of 0.39. Trip.com Group Limited has a 52 week low of $31.55 and a 52 week high of $61.65.

Trip.com Group (NASDAQ:TCOM) last issued its quarterly earnings results on Monday, August 26th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 11.52% and a net margin of 28.78%. Equities research analysts forecast that Trip.com Group Limited will post 2.88 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. StockNews.com lowered shares of Trip.com Group from a “buy” rating to a “hold” rating in a research report on Tuesday, August 13th. Benchmark reiterated a “buy” rating and issued a $72.00 price target on shares of Trip.com Group in a research report on Tuesday, August 27th. Finally, TD Cowen reduced their price objective on shares of Trip.com Group from $63.00 to $56.00 and set a “buy” rating for the company in a research report on Tuesday, August 27th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Trip.com Group currently has an average rating of “Moderate Buy” and a consensus target price of $62.50.

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.