HighVista Strategies LLC Cuts Stock Position in Trip.com Group Limited (NASDAQ:TCOM)

HighVista Strategies LLC trimmed its holdings in Trip.com Group Limited (NASDAQ:TCOM) by 6.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,756 shares of the company’s stock after selling 873 shares during the period. HighVista Strategies LLC’s holdings in Trip.com Group were worth $553,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. AIA Group Ltd lifted its holdings in Trip.com Group by 22.7% in the 1st quarter. AIA Group Ltd now owns 110,994 shares of the company’s stock worth $4,872,000 after purchasing an additional 20,545 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its holdings in shares of Trip.com Group by 58.5% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 80,829 shares of the company’s stock worth $3,548,000 after buying an additional 29,829 shares in the last quarter. Van ECK Associates Corp bought a new position in shares of Trip.com Group during the first quarter worth $3,000,000. OPTIMAS CAPITAL Ltd purchased a new position in Trip.com Group during the first quarter valued at $4,516,000. Finally, Atlas Capital Advisors LLC increased its holdings in Trip.com Group by 115.7% in the 2nd quarter. Atlas Capital Advisors LLC now owns 3,628 shares of the company’s stock valued at $171,000 after acquiring an additional 1,946 shares during the last quarter. Institutional investors own 35.41% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on TCOM shares. Benchmark reissued a “buy” rating and set a $72.00 price objective on shares of Trip.com Group in a report on Tuesday, August 27th. StockNews.com lowered Trip.com Group from a “buy” rating to a “hold” rating in a research note on Tuesday, August 13th. Finally, TD Cowen reduced their price objective on Trip.com Group from $63.00 to $56.00 and set a “buy” rating on the stock in a research note on Tuesday, August 27th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $62.50.

Trip.com Group Price Performance

TCOM stock opened at $48.66 on Monday. 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 has a 50-day moving average price of $44.68 and a 200 day moving average price of $47.80. The stock has a market cap of $31.34 billion, a PE ratio of 21.92 and a beta of 0.39. Trip.com Group Limited has a 12 month low of $31.55 and a 12 month high of $58.00.

Trip.com Group (NASDAQ:TCOM) last announced its quarterly earnings results 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 return on equity of 11.52% and a net margin of 28.78%. The firm had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.80 billion. Equities research analysts anticipate that Trip.com Group Limited will post 2.88 earnings per share for the current year.

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.