Bleakley Financial Group LLC Trims Position in Trip.com Group Limited (NASDAQ:TCOM)

Bleakley Financial Group LLC trimmed its position in Trip.com Group Limited (NASDAQ:TCOM) by 91.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,758 shares of the company’s stock after selling 103,285 shares during the period. Bleakley Financial Group LLC’s holdings in Trip.com Group were worth $580,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. CWM LLC lifted its stake in shares of Trip.com Group by 10.4% in the 3rd quarter. CWM LLC now owns 2,327 shares of the company’s stock worth $138,000 after purchasing an additional 220 shares during the period. QRG Capital Management Inc. boosted its stake in shares of Trip.com Group by 2.6% during the 2nd quarter. QRG Capital Management Inc. now owns 13,772 shares of the company’s stock worth $647,000 after acquiring an additional 344 shares during the last quarter. Diversified Trust Co grew its position in shares of Trip.com Group by 1.5% during the 1st quarter. Diversified Trust Co now owns 24,686 shares of the company’s stock valued at $1,083,000 after acquiring an additional 375 shares during the period. Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of Trip.com Group by 0.9% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 40,632 shares of the company’s stock worth $1,908,000 after purchasing an additional 375 shares in the last quarter. Finally, Creative Planning raised its holdings in Trip.com Group by 1.7% in the 3rd quarter. Creative Planning now owns 25,622 shares of the company’s stock worth $1,523,000 after purchasing an additional 423 shares during the period. 35.41% of the stock is currently owned by institutional investors.

Trip.com Group Stock Down 1.2 %

NASDAQ TCOM opened at $60.50 on Tuesday. The stock has a 50 day moving average price of $51.86 and a 200-day moving average price of $50.13. Trip.com Group Limited has a one year low of $31.55 and a one year high of $69.67. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.32 and a current ratio of 1.32. The company has a market capitalization of $38.97 billion, a P/E ratio of 27.25 and a beta of 0.41.

Trip.com Group (NASDAQ:TCOM) last posted its earnings results on Monday, August 26th. The company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.22. The firm had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.80 billion. Trip.com Group had a net margin of 28.78% and a return on equity of 11.52%. As a group, equities analysts predict that Trip.com Group Limited will post 2.93 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently commented on TCOM. Benchmark reaffirmed a “buy” rating and issued a $72.00 price objective on shares of Trip.com Group in a research note on Tuesday, August 27th. StockNews.com downgraded shares of Trip.com Group from a “buy” rating to a “hold” rating in a report on Tuesday, August 13th. Hsbc Global Res downgraded shares of Trip.com Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Macquarie upgraded Trip.com Group to a “strong-buy” rating in a research note on Monday, October 7th. Finally, 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 research report on Tuesday, August 27th. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Trip.com Group presently has an average rating of “Moderate Buy” and a consensus target price of $64.63.

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.