Daiwa Securities Group Inc. Has $774,000 Stock Holdings in Trip.com Group Limited (NASDAQ:TCOM)

Daiwa Securities Group Inc. trimmed its position in shares of Trip.com Group Limited (NASDAQ:TCOM) by 29.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,489 shares of the company’s stock after selling 8,892 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Trip.com Group were worth $774,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Acadian Asset Management LLC lifted its stake in shares of Trip.com Group by 98.2% in the third quarter. Acadian Asset Management LLC now owns 5,438,991 shares of the company’s stock worth $190,164,000 after acquiring an additional 2,695,221 shares during the period. Assenagon Asset Management S.A. lifted its stake in shares of Trip.com Group by 73.0% in the third quarter. Assenagon Asset Management S.A. now owns 3,341,602 shares of the company’s stock worth $116,856,000 after acquiring an additional 1,409,655 shares during the period. NS Partners Ltd acquired a new position in shares of Trip.com Group in the third quarter worth approximately $39,890,000. Nordea Investment Management AB lifted its stake in shares of Trip.com Group by 1,628.6% in the fourth quarter. Nordea Investment Management AB now owns 1,177,866 shares of the company’s stock worth $42,368,000 after acquiring an additional 1,109,727 shares during the period. Finally, Origin Asset Management LLP acquired a new position in shares of Trip.com Group in the third quarter worth approximately $24,382,000. 35.41% of the stock is owned by institutional investors and hedge funds.

Trip.com Group Trading Down 0.4 %

TCOM stock opened at $50.42 on Friday. The company has a market capitalization of $32.57 billion, a PE ratio of 24.36 and a beta of 0.56. Trip.com Group Limited has a one year low of $30.70 and a one year high of $51.26. The company’s 50 day moving average price is $45.81 and its two-hundred day moving average price is $39.01. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.17 and a current ratio of 1.23.

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

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on TCOM. StockNews.com raised Trip.com Group from a “hold” rating to a “buy” rating in a research note on Friday, February 23rd. UBS Group boosted their price target on Trip.com Group from $48.00 to $52.00 and gave the company a “buy” rating in a research note on Thursday, February 22nd. Citigroup boosted their price target on Trip.com Group from $53.00 to $55.00 and gave the company a “buy” rating in a research note on Monday, April 1st. Barclays boosted their price target on Trip.com Group from $56.00 to $60.00 and gave the company an “overweight” rating in a research note on Thursday, February 22nd. Finally, Mizuho boosted their price target on Trip.com Group from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, February 22nd. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $53.67.

Trip.com Group Company 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.