Mackenzie Financial Corp Has $29.30 Million Stock Holdings in Trip.com Group Limited (NASDAQ:TCOM)

Mackenzie Financial Corp decreased its stake in Trip.com Group Limited (NASDAQ:TCOM) by 14.5% in the second quarter, HoldingsChannel reports. The firm owned 623,355 shares of the company’s stock after selling 105,838 shares during the period. Mackenzie Financial Corp’s holdings in Trip.com Group were worth $29,298,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of TCOM. Maverick Capital Ltd. acquired a new position in shares of Trip.com Group in the second quarter worth about $1,678,000. MBB Public Markets I LLC purchased a new position in Trip.com Group during the 2nd quarter worth approximately $898,000. AXA S.A. raised its stake in Trip.com Group by 17.9% during the 2nd quarter. AXA S.A. now owns 157,009 shares of the company’s stock valued at $7,379,000 after purchasing an additional 23,819 shares during the period. Point72 Hong Kong Ltd purchased a new stake in shares of Trip.com Group in the second quarter valued at $10,795,000. Finally, Squarepoint Ops LLC boosted its position in shares of Trip.com Group by 10.8% in the second quarter. Squarepoint Ops LLC now owns 66,354 shares of the company’s stock worth $3,119,000 after buying an additional 6,454 shares during the period. Hedge funds and other institutional investors own 35.41% of the company’s stock.

Trip.com Group Stock Up 8.2 %

TCOM opened at $61.32 on Friday. The company has a market capitalization of $39.50 billion, a PE ratio of 27.62 and a beta of 0.39. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.32 and a quick ratio of 1.32. Trip.com Group Limited has a fifty-two week low of $31.55 and a fifty-two week high of $61.65. The business has a 50-day moving average of $45.45 and a 200-day moving average of $48.14.

Trip.com Group (NASDAQ:TCOM) last posted its earnings results on Monday, August 26th. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.22. The firm had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.80 billion. Trip.com Group had a net margin of 28.78% and a return on equity of 11.52%. Equities research analysts forecast that Trip.com Group Limited will post 2.88 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on TCOM shares. StockNews.com lowered 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 target price on shares of Trip.com Group in a report on Tuesday, August 27th. Finally, TD Cowen decreased their price target on shares of Trip.com Group from $63.00 to $56.00 and set a “buy” rating for the company in a report on Tuesday, August 27th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Trip.com Group presently has a consensus rating of “Moderate Buy” and an average 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.