Parallel Advisors LLC Has $31,000 Stock Holdings in Trip.com Group Limited (NASDAQ:TCOM)

Parallel Advisors LLC lowered its position in Trip.com Group Limited (NASDAQ:TCOM – Get Rating) by 47.3% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 1,268 shares of the company’s stock after selling 1,137 shares during the quarter. Parallel Advisors LLC’s holdings in Trip.com Group were worth $31,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in TCOM. Pinebridge Investments L.P. bought a new position in shares of Trip.com Group during the fourth quarter valued at $52,000. Exane Derivatives acquired a new position in Trip.com Group during the 1st quarter worth about $78,000. Causeway Capital Management LLC grew its position in shares of Trip.com Group by 9.5% in the 4th quarter. Causeway Capital Management LLC now owns 8,892 shares of the company’s stock valued at $219,000 after buying an additional 774 shares during the last quarter. Pictet North America Advisors SA increased its stake in shares of Trip.com Group by 7.0% in the fourth quarter. Pictet North America Advisors SA now owns 9,200 shares of the company’s stock valued at $227,000 after buying an additional 600 shares during the period. Finally, FNY Investment Advisers LLC bought a new position in shares of Trip.com Group during the first quarter worth about $231,000. Institutional investors own 66.54% of the company’s stock.

Trip.com Group Price Performance

TCOM stock opened at $26.51 on Monday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.20 and a current ratio of 1.20. The business has a 50-day simple moving average of $23.59 and a two-hundred day simple moving average of $23.98. The company has a market capitalization of $15.90 billion, a P/E ratio of -33.14 and a beta of 0.70. Trip.com Group Limited has a 52-week low of $14.29 and a 52-week high of $33.27.

Trip.com Group (NASDAQ:TCOM – Get Rating) last posted its quarterly earnings data on Monday, June 27th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.55) by $0.49. The firm had revenue of $4.11 billion for the quarter, compared to the consensus estimate of $3.85 billion. Trip.com Group had a negative net margin of 16.53% and a positive return on equity of 0.51%. The business’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.12) EPS. Research analysts expect that Trip.com Group Limited will post -0.22 EPS for the current fiscal year.

Analysts Set New Price Targets

TCOM has been the subject of a number of recent analyst reports. StockNews.com raised shares of Trip.com Group from a “sell” rating to a “hold” rating in a research report on Wednesday, July 6th. Mizuho lowered their target price on shares of Trip.com Group from $32.00 to $30.00 and set a “buy” rating for the company in a research note on Tuesday, June 28th. Benchmark cut their price target on shares of Trip.com Group from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Tuesday, June 28th. Finally, Citigroup lifted their price objective on Trip.com Group from $29.00 to $32.00 and gave the stock a “buy” rating in a research report on Wednesday, June 29th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $31.38.

Trip.com Group Company Profile

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Trip.com Group Limited 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.