Trip.com Group Limited (NASDAQ:TCOM) Shares Sold by Cable Hill Partners LLC

Cable Hill Partners LLC decreased its holdings in Trip.com Group Limited (NASDAQ:TCOM) by 12.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,339 shares of the company’s stock after selling 639 shares during the quarter. Cable Hill Partners LLC’s holdings in Trip.com Group were worth $258,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TCOM. Fifth Third Bancorp increased its holdings in Trip.com Group by 1,188.0% during the 2nd quarter. Fifth Third Bancorp now owns 1,069 shares of the company’s stock worth $50,000 after purchasing an additional 986 shares during the last quarter. Hilltop National Bank increased its stake in shares of Trip.com Group by 322.1% in the second quarter. Hilltop National Bank now owns 1,148 shares of the company’s stock worth $54,000 after buying an additional 876 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its holdings in Trip.com Group by 72.3% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,165 shares of the company’s stock valued at $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 2nd quarter valued at $66,000. Finally, Whittier Trust Co. of Nevada Inc. acquired a new position in Trip.com Group during the 2nd quarter worth $74,000. Hedge funds and other institutional investors own 35.41% of the company’s stock.

Trip.com Group Trading Down 3.5 %

Shares of Trip.com Group stock opened at $59.93 on Friday. The company’s fifty day moving average price is $58.85 and its two-hundred day moving average price is $51.97. The firm has a market capitalization of $38.60 billion, a PE ratio of 21.71 and a beta of 0.39. Trip.com Group Limited has a 52-week low of $31.55 and a 52-week 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 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.80 billion. On average, analysts expect that Trip.com Group Limited will post 2.93 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TCOM. HSBC lowered shares of Trip.com Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th. StockNews.com lowered Trip.com Group from a “buy” rating to a “hold” rating in a research report on Tuesday, August 13th. TD Cowen lowered their price target on Trip.com Group from $63.00 to $56.00 and set a “buy” rating for the company in a report on Tuesday, August 27th. Mizuho raised their price objective on Trip.com Group from $65.00 to $78.00 and gave the stock an “outperform” rating in a research note on Tuesday. Finally, Macquarie upgraded shares of Trip.com Group to a “strong-buy” rating in a research note on Monday, October 7th. Five equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Trip.com Group currently has a consensus rating of “Moderate Buy” and an average target price 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.