Janney Montgomery Scott LLC Decreases Holdings in Trip.com Group Limited (NASDAQ:TCOM)

Janney Montgomery Scott LLC lowered its stake in Trip.com Group Limited (NASDAQ:TCOM) by 2.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,864 shares of the company’s stock after selling 397 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Trip.com Group were worth $1,002,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of TCOM. WT Asset Management Ltd bought a new stake in Trip.com Group in the third quarter worth $1,373,000. New York State Common Retirement Fund raised its position in Trip.com Group by 155.1% during the third 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 during the period. E Fund Management Hong Kong Co. Ltd. raised its holdings in shares of Trip.com Group by 79.2% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 33,062 shares of the company’s stock worth $1,965,000 after buying an additional 14,612 shares during the period. China Universal Asset Management Co. Ltd. increased its holdings in Trip.com Group by 31.9% during the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 63,199 shares of the company’s stock worth $3,756,000 after purchasing an additional 15,299 shares during the period. Finally, Osborne Partners Capital Management LLC boosted its position in Trip.com Group by 2.5% during the 3rd quarter. Osborne Partners Capital Management LLC now owns 148,333 shares of the company’s stock valued at $8,815,000 after acquiring an additional 3,589 shares in the last quarter. 35.41% of the stock is owned by hedge funds and other institutional investors.

Trip.com Group Stock Down 0.7 %

TCOM stock opened at $59.49 on Friday. The firm has a 50-day moving average price of $59.09 and a 200-day moving average price of $52.02. The stock has a market capitalization of $38.32 billion, a P/E ratio of 20.95 and a beta of 0.39. Trip.com Group Limited has a 12 month low of $31.55 and a 12 month high of $69.67. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.15.

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 for the quarter, compared to the consensus estimate of $1.80 billion. As a group, equities research analysts anticipate that Trip.com Group Limited will post 2.93 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on TCOM shares. TD Cowen lowered their price objective on 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. Mizuho lifted their price target on Trip.com Group from $65.00 to $78.00 and gave the company an “outperform” rating in a research note on Tuesday. Citigroup lifted their price objective on Trip.com Group from $66.00 to $72.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Sanford C. Bernstein assumed coverage on Trip.com Group in a report on Monday, November 4th. They set an “outperform” rating and a $85.00 target price on the stock. Finally, Benchmark reissued a “buy” rating and issued a $72.00 target price on shares of Trip.com Group in a research report on Tuesday, August 27th. Five analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Trip.com Group presently has a consensus rating of “Moderate Buy” and an average price target of $68.33.

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.