Thrivent Financial for Lutherans cut its position in Trip.com Group Limited (NASDAQ:TCOM – Get Rating) by 4.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 86,964 shares of the company’s stock after selling 4,468 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Trip.com Group were worth $2,992,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in TCOM. BlackRock Inc. increased its holdings in shares of Trip.com Group by 18.1% during the first quarter. BlackRock Inc. now owns 25,456,730 shares of the company’s stock valued at $588,559,000 after acquiring an additional 3,893,531 shares in the last quarter. Marshall Wace LLP increased its holdings in shares of Trip.com Group by 342.6% during the third quarter. Marshall Wace LLP now owns 3,463,775 shares of the company’s stock valued at $94,594,000 after acquiring an additional 2,681,164 shares in the last quarter. Ninety One UK Ltd acquired a new position in shares of Trip.com Group during the fourth quarter valued at about $58,450,000. Assenagon Asset Management S.A. increased its holdings in shares of Trip.com Group by 135.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 2,837,842 shares of the company’s stock valued at $97,622,000 after acquiring an additional 1,632,433 shares in the last quarter. Finally, RWC Asset Advisors US LLC acquired a new position in shares of Trip.com Group during the fourth quarter valued at about $52,434,000. 52.13% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several equities analysts have recently issued reports on the stock. StockNews.com assumed coverage on shares of Trip.com Group in a report on Thursday, March 16th. They set a “hold” rating on the stock. Jefferies Financial Group upped their target price on Trip.com Group from $45.00 to $48.00 in a research report on Tuesday, March 7th. Mizuho upped their target price on Trip.com Group from $45.00 to $49.00 and gave the company a “buy” rating in a research report on Tuesday, March 7th. HSBC upped their target price on Trip.com Group from $44.00 to $48.00 and gave the company a “buy” rating in a research report on Wednesday, March 8th. Finally, Barclays upped their target price on Trip.com Group from $40.00 to $46.00 and gave the company an “overweight” rating in a research report on Wednesday, March 8th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Trip.com Group presently has an average rating of “Moderate Buy” and a consensus price target of $44.70.
Trip.com Group Trading Down 0.8 %
Trip.com Group (NASDAQ:TCOM – Get Rating) last released its quarterly earnings data on Monday, March 6th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of ($0.09) by $0.20. Trip.com Group had a return on equity of 0.31% and a net margin of 6.45%. The business had revenue of $729.00 million for the quarter, compared to analyst estimates of $699.15 million. Analysts anticipate that Trip.com Group Limited will post 0.73 earnings per share for the current year.
About Trip.com Group
Trip.com Group Ltd. engages in the provision of travel-related services. It provides hotel accommodations, airline tickets, packaged tours, corporate travel management services, property management systems and advertising services. The company was founded by Jian Zhang Liang, Min Fan, Nan Peng Shen and Qi Ji in June 1999 and is headquartered in Shanghai, China.
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