Raymond James & Associates Has $885,000 Stake in Trip.com Group Limited (NASDAQ:TCOM)

Raymond James & Associates decreased its position in shares of Trip.com Group Limited (NASDAQ:TCOM) by 80.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 24,577 shares of the company’s stock after selling 98,396 shares during the quarter. Raymond James & Associates’ holdings in Trip.com Group were worth $885,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also bought and sold shares of the business. Nordea Investment Management AB boosted its position in Trip.com Group by 1,628.6% during the 4th quarter. Nordea Investment Management AB now owns 1,177,866 shares of the company’s stock worth $42,368,000 after buying an additional 1,109,727 shares during the period. JPMorgan Chase & Co. raised its stake in Trip.com Group by 2.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,172,916 shares of the company’s stock valued at $145,927,000 after acquiring an additional 81,201 shares during the period. Acadian Asset Management LLC lifted its holdings in Trip.com Group by 98.2% during the 3rd quarter. Acadian Asset Management LLC now owns 5,438,991 shares of the company’s stock worth $190,164,000 after purchasing an additional 2,695,221 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in Trip.com Group by 18.6% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,077,817 shares of the company’s stock worth $37,691,000 after purchasing an additional 168,930 shares during the period. Finally, SG Americas Securities LLC grew its holdings in Trip.com Group by 16.2% during the 4th quarter. SG Americas Securities LLC now owns 6,467 shares of the company’s stock valued at $233,000 after buying an additional 902 shares in the last quarter. 35.41% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Citigroup increased their price target on shares of Trip.com Group from $53.00 to $55.00 and gave the stock a “buy” rating in a report on Monday, April 1st. UBS Group increased their target price on shares of Trip.com Group from $48.00 to $52.00 and gave the stock a “buy” rating in a research note on Thursday, February 22nd. HSBC boosted their price target on shares of Trip.com Group from $50.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, April 12th. Mizuho increased their price objective on Trip.com Group from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, February 22nd. Finally, Benchmark restated a “buy” rating and set a $55.00 target price on shares of Trip.com Group in a research report on Wednesday, April 17th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $53.67.

Trip.com Group Stock Up 2.8 %

Shares of NASDAQ TCOM opened at $49.35 on Tuesday. Trip.com Group Limited has a 12 month low of $30.70 and a 12 month high of $50.63. The company has a current ratio of 1.23, a quick ratio of 1.17 and a debt-to-equity ratio of 0.16. The firm has a fifty day simple moving average of $45.20 and a two-hundred day simple moving average of $38.73. The firm has a market capitalization of $31.88 billion, a PE ratio of 23.84 and a beta of 0.56.

Trip.com Group (NASDAQ:TCOM) last posted its quarterly earnings data on Wednesday, February 21st. The company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.29. Trip.com Group had a return on equity of 9.35% and a net margin of 22.43%. The business had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.42 billion. Equities analysts expect that Trip.com Group Limited will post 2.54 earnings per share for the current year.

Trip.com Group Profile

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.