U S Global Investors Inc. Sells 60,517 Shares of Trip.com Group Limited (NASDAQ:TCOM)

U S Global Investors Inc. lessened its stake in shares of Trip.com Group Limited (NASDAQ:TCOM) by 22.1% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 213,866 shares of the company’s stock after selling 60,517 shares during the period. Trip.com Group makes up approximately 1.2% of U S Global Investors Inc.’s portfolio, making the stock its 19th biggest position. U S Global Investors Inc.’s holdings in Trip.com Group were worth $12,710,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Capital World Investors raised its holdings in Trip.com Group by 27.5% in the 1st quarter. Capital World Investors now owns 48,971,654 shares of the company’s stock valued at $2,149,366,000 after buying an additional 10,576,028 shares during the last quarter. 1832 Asset Management L.P. lifted its holdings in shares of Trip.com Group by 4,800.0% during the second quarter. 1832 Asset Management L.P. now owns 1,399,298 shares of the company’s stock worth $65,767,000 after purchasing an additional 1,370,741 shares during the period. National Bank of Canada FI grew its stake in shares of Trip.com Group by 413,028.8% in the first quarter. National Bank of Canada FI now owns 859,308 shares of the company’s stock worth $37,715,000 after purchasing an additional 859,100 shares during the last quarter. Marshall Wace LLP increased its stake in shares of Trip.com Group by 89.6% in the second quarter. Marshall Wace LLP now owns 1,703,234 shares of the company’s stock valued at $80,052,000 after buying an additional 804,885 shares during the period. Finally, Ariose Capital Management Ltd boosted its position in Trip.com Group by 680.1% during the second quarter. Ariose Capital Management Ltd now owns 540,630 shares of the company’s stock valued at $25,410,000 after acquiring an additional 471,330 shares during the last quarter. 35.41% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research 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. HSBC lowered Trip.com Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th. Benchmark reiterated a “buy” rating and issued a $72.00 price objective on shares of Trip.com Group in a research note on Tuesday, August 27th. Hsbc Global Res cut shares of Trip.com Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 8th. Finally, Citigroup upped their price objective on shares of Trip.com Group from $66.00 to $72.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Trip.com Group currently has an average rating of “Moderate Buy” and an average price target of $64.63.

Trip.com Group Stock Down 0.3 %

NASDAQ TCOM traded down $0.20 during trading hours on Tuesday, hitting $60.30. The company’s stock had a trading volume of 118,077 shares, compared to its average volume of 4,099,770. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.15. The company’s 50-day simple moving average is $51.86 and its two-hundred day simple moving average is $50.13. The company has a market capitalization of $38.84 billion, a PE ratio of 27.25 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 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. Trip.com Group had a return on equity of 11.52% and a net margin of 28.78%. The company had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.80 billion. Research analysts anticipate 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.