Mirae Asset Global Investments Co. Ltd. Lowers Stock Position in Trip.com Group Limited (NASDAQ:TCOM)

Mirae Asset Global Investments Co. Ltd. decreased its holdings in Trip.com Group Limited (NASDAQ:TCOM) by 8.3% in the 3rd quarter, Holdings Channel reports. The firm owned 759,787 shares of the company’s stock after selling 68,484 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Trip.com Group were worth $45,154,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of TCOM. Capital World Investors raised its holdings in shares of Trip.com Group by 27.5% in the first 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. Capital International Investors lifted its position in Trip.com Group by 0.4% during the 1st quarter. Capital International Investors now owns 7,941,645 shares of the company’s stock worth $348,559,000 after acquiring an additional 29,768 shares during the period. Kontiki Capital Management HK Ltd. grew its stake in shares of Trip.com Group by 1.9% in the 1st quarter. Kontiki Capital Management HK Ltd. now owns 4,523,780 shares of the company’s stock valued at $198,549,000 after purchasing an additional 83,200 shares during the last quarter. Ninety One UK Ltd increased its holdings in shares of Trip.com Group by 1.3% in the second quarter. Ninety One UK Ltd now owns 2,748,579 shares of the company’s stock valued at $129,183,000 after purchasing an additional 36,122 shares during the period. Finally, Marshall Wace LLP raised its stake in shares of Trip.com Group by 89.6% during the second quarter. Marshall Wace LLP now owns 1,703,234 shares of the company’s stock worth $80,052,000 after purchasing an additional 804,885 shares during the last quarter. Institutional investors and hedge funds own 35.41% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Benchmark reiterated a “buy” rating and issued a $72.00 price objective on shares of Trip.com Group in a research report on Tuesday, August 27th. Hsbc Global Res downgraded shares of Trip.com Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 8th. Citigroup increased their price target on shares of Trip.com Group from $66.00 to $72.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. TD Cowen lowered their price objective 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. Finally, Macquarie upgraded Trip.com Group to a “strong-buy” rating in a research report on Monday, October 7th. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Trip.com Group has a consensus rating of “Moderate Buy” and an average target price of $64.63.

Trip.com Group Price Performance

Shares of NASDAQ:TCOM opened at $61.85 on Friday. The business’s 50 day simple moving average is $53.41 and its 200-day simple moving average is $50.47. The firm has a market capitalization of $39.84 billion, a price-to-earnings ratio of 27.86 and a beta of 0.41. Trip.com Group Limited has a 12 month low of $31.55 and a 12 month high of $69.67. 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 (NASDAQ:TCOM) last announced 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. Trip.com Group had a net margin of 28.78% and a return on equity of 11.52%. The company had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.80 billion. As a group, equities analysts forecast that Trip.com Group Limited will post 2.93 earnings per share for the current fiscal year.

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.