Trip.com Group Limited (NASDAQ:TCOM) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP trimmed its stake in shares of Trip.com Group Limited (NASDAQ:TCOM) by 8.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,429,223 shares of the company’s stock after selling 218,650 shares during the quarter. Dimensional Fund Advisors LP owned about 0.38% of Trip.com Group worth $114,187,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. AIA Group Ltd raised its position in shares of Trip.com Group by 22.7% during 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 during the period. BI Asset Management Fondsmaeglerselskab A S increased its position in Trip.com Group by 58.5% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 80,829 shares of the company’s stock valued at $3,548,000 after acquiring an additional 29,829 shares during the period. Van ECK Associates Corp acquired a new stake in Trip.com Group in the 1st quarter valued at approximately $3,000,000. OPTIMAS CAPITAL Ltd acquired a new stake in Trip.com Group in the 1st quarter valued at approximately $4,516,000. Finally, Atlas Capital Advisors LLC increased its position 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 period. 35.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently commented on TCOM. TD Cowen lowered their target price 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. Benchmark reiterated a “buy” rating and set a $72.00 price target on shares of Trip.com Group in a research report on Tuesday, August 27th. Finally, StockNews.com cut Trip.com Group from a “buy” rating to a “hold” rating in a research report on Tuesday, August 13th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Trip.com Group presently has an average rating of “Moderate Buy” and a consensus target price of $62.50.

Trip.com Group Price Performance

NASDAQ TCOM opened at $49.09 on Tuesday. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.15. Trip.com Group Limited has a 1 year low of $31.55 and a 1 year high of $58.00. The company has a market cap of $31.62 billion, a PE ratio of 22.11 and a beta of 0.39. The stock’s 50-day moving average price is $44.70 and its two-hundred day moving average price is $47.84.

Trip.com Group (NASDAQ:TCOM) last released its quarterly earnings results on Monday, August 26th. The company reported $0.87 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.80 billion. On average, analysts predict that Trip.com Group Limited will post 2.88 EPS 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.