Private Advisor Group LLC Has $941,000 Holdings in Trip.com Group Limited (NASDAQ:TCOM)

Private Advisor Group LLC cut its stake in shares of Trip.com Group Limited (NASDAQ:TCOM) by 1.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,832 shares of the company’s stock after selling 263 shares during the period. Private Advisor Group LLC’s holdings in Trip.com Group were worth $941,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in TCOM. 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 worth $50,000 after acquiring 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 worth $54,000 after acquiring 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 worth $55,000 after acquiring an additional 489 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Trip.com Group during the second quarter worth about $66,000. Finally, Whittier Trust Co. of Nevada Inc. bought a new position in Trip.com Group during the second quarter worth about $74,000. 35.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently commented on TCOM shares. HSBC lowered Trip.com Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 8th. StockNews.com lowered Trip.com Group from a “buy” rating to a “hold” rating in a report on Tuesday, August 13th. Macquarie upgraded Trip.com Group to a “strong-buy” rating in a report on Monday, October 7th. Citigroup boosted their price target on Trip.com Group from $66.00 to $72.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Finally, TD Cowen cut their price target on Trip.com Group from $63.00 to $56.00 and set a “buy” rating on the stock in a report on Tuesday, August 27th. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $64.63.

Trip.com Group Price Performance

NASDAQ:TCOM opened at $65.19 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 stock’s 50-day simple moving average is $55.67 and its 200 day simple moving average is $51.02. The company has a market cap of $41.99 billion, a P/E ratio of 22.79 and a beta of 0.41. 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 quarterly earnings results on Monday, August 26th. The company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.22. The firm had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.80 billion. Trip.com Group had a return on equity of 11.52% and a net margin of 28.78%. As a group, sell-side analysts forecast that Trip.com Group Limited will post 2.93 EPS for the current fiscal year.

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.