The Manufacturers Life Insurance Company Has $31.39 Million Stock Position in Trip.com Group Limited (NASDAQ:TCOM)

The Manufacturers Life Insurance Company cut its position in Trip.com Group Limited (NASDAQ:TCOM) by 51.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 667,963 shares of the company’s stock after selling 706,940 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.10% of Trip.com Group worth $31,394,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of TCOM. Fifth Third Bancorp grew its position in shares of Trip.com Group by 1,188.0% in the second quarter. Fifth Third Bancorp now owns 1,069 shares of the company’s stock valued at $50,000 after purchasing an additional 986 shares during the last quarter. Hilltop National Bank lifted its position in shares of Trip.com Group by 322.1% during the 2nd quarter. Hilltop National Bank now owns 1,148 shares of the company’s stock worth $54,000 after purchasing an additional 876 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in Trip.com Group by 72.3% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,165 shares of the company’s stock valued at $55,000 after purchasing an additional 489 shares during the period. Clarity Asset Management Inc. acquired a new stake in Trip.com Group in the 4th quarter valued at approximately $66,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Trip.com Group in the 2nd quarter worth approximately $66,000. Institutional investors own 35.41% of the company’s stock.

Trip.com Group Price Performance

NASDAQ:TCOM opened at $59.43 on Tuesday. 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 50-day moving average of $45.69 and a 200-day moving average of $48.27. Trip.com Group Limited has a 52 week low of $31.55 and a 52 week high of $63.87. The company has a market capitalization of $38.28 billion, a price-to-earnings ratio of 26.77 and a beta of 0.39.

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. As a group, equities research analysts anticipate that Trip.com Group Limited will post 2.88 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

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.