Janney Montgomery Scott LLC Trims Holdings in Trip.com Group Limited (NASDAQ:TCOM)

Janney Montgomery Scott LLC trimmed its holdings in shares of Trip.com Group Limited (NASDAQ:TCOM) by 2.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,864 shares of the company’s stock after selling 397 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Trip.com Group were worth $1,002,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. WT Asset Management Ltd bought a new stake in shares of Trip.com Group in the 3rd quarter valued at about $1,373,000. New York State Common Retirement Fund grew its stake in shares of Trip.com Group by 155.1% in the 3rd quarter. New York State Common Retirement Fund now owns 1,145,863 shares of the company’s stock worth $68,099,000 after buying an additional 696,766 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. boosted its stake in Trip.com Group by 79.2% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 33,062 shares of the company’s stock valued at $1,965,000 after purchasing an additional 14,612 shares during the last quarter. China Universal Asset Management Co. Ltd. boosted its stake in Trip.com Group by 31.9% during the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 63,199 shares of the company’s stock valued at $3,756,000 after purchasing an additional 15,299 shares during the last quarter. Finally, Osborne Partners Capital Management LLC boosted its stake in Trip.com Group by 2.5% during the 3rd quarter. Osborne Partners Capital Management LLC now owns 148,333 shares of the company’s stock valued at $8,815,000 after purchasing an additional 3,589 shares during the last quarter. 35.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on TCOM. TD Cowen lowered their price target on Trip.com Group from $63.00 to $56.00 and set a “buy” rating on the stock in a report on Tuesday, August 27th. Benchmark reiterated a “buy” rating and issued a $72.00 price target on shares of Trip.com Group in a research note on Tuesday, August 27th. Hsbc Global Res lowered Trip.com Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Citigroup lifted their price target on Trip.com Group from $66.00 to $72.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Finally, Sanford C. Bernstein assumed coverage on shares of Trip.com Group in a research note on Monday, November 4th. They issued an “outperform” rating and a $85.00 price objective for the company. Five analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $68.33.

Trip.com Group Stock Down 0.7 %

Trip.com Group stock opened at $59.49 on Friday. The company’s 50-day moving average price is $59.09 and its two-hundred day moving average price is $52.02. The stock has a market cap of $38.32 billion, a price-to-earnings ratio of 20.95 and a beta of 0.39. 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 52 week low of $31.55 and a 52 week high of $69.67.

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

Trip.com Group 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.