Cwm LLC Has $138,000 Holdings in Trip.com Group Limited (NASDAQ:TCOM)

Cwm LLC raised its position in shares of Trip.com Group Limited (NASDAQ:TCOM) by 10.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,327 shares of the company’s stock after purchasing an additional 220 shares during the period. Cwm LLC’s holdings in Trip.com Group were worth $138,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC lifted its position in Trip.com Group by 1,917.9% during the 3rd quarter. SG Americas Securities LLC now owns 351,081 shares of the company’s stock worth $20,865,000 after acquiring an additional 333,683 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Trip.com Group in the 2nd quarter valued at $9,795,000. Shellback Capital LP bought a new position in shares of Trip.com Group in the second quarter valued at approximately $1,175,000. Lighthouse Investment Partners LLC boosted its stake in Trip.com Group by 186.8% in the second quarter. Lighthouse Investment Partners LLC now owns 30,969 shares of the company’s stock worth $1,456,000 after purchasing an additional 20,169 shares in the last quarter. Finally, Maverick Capital Ltd. acquired a new stake in Trip.com Group in the 2nd quarter valued at about $1,678,000. 35.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. StockNews.com lowered Trip.com Group from a “buy” rating to a “hold” rating in a research report on Tuesday, August 13th. Benchmark reissued a “buy” rating and set a $72.00 price target on shares of Trip.com Group in a research report on Tuesday, August 27th. HSBC cut shares of Trip.com Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th. TD Cowen reduced their target price on Trip.com Group from $63.00 to $56.00 and set a “buy” rating for the company in a research note on Tuesday, August 27th. Finally, Hsbc Global Res cut Trip.com Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 8th. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $64.63.

Trip.com Group Stock Up 1.0 %

NASDAQ TCOM opened at $62.06 on Friday. The business has a fifty day moving average price of $52.63 and a two-hundred day moving average price of $50.30. The stock has a market capitalization of $39.97 billion, a PE ratio of 27.84 and a beta of 0.41. 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 Limited has a fifty-two week low of $31.55 and a fifty-two week high of $69.67.

Trip.com Group (NASDAQ:TCOM) last released its quarterly earnings data on Monday, August 26th. The company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.22. The company had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.80 billion. Trip.com Group had a return on equity of 11.52% and a net margin of 28.78%. Equities analysts expect that Trip.com Group Limited will post 2.93 earnings per share for the current fiscal 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.