Aubrey Capital Management Ltd Cuts Position in Trip.com Group Limited (NASDAQ:TCOM)

Aubrey Capital Management Ltd lowered its holdings in shares of Trip.com Group Limited (NASDAQ:TCOM) by 7.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 365,840 shares of the company’s stock after selling 29,560 shares during the period. Trip.com Group makes up about 8.4% of Aubrey Capital Management Ltd’s holdings, making the stock its 3rd biggest position. Aubrey Capital Management Ltd owned 0.06% of Trip.com Group worth $21,742,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. CWM LLC grew its position in shares of Trip.com Group by 10.4% during the 3rd quarter. CWM LLC now owns 2,327 shares of the company’s stock worth $138,000 after buying an additional 220 shares during the period. QRG Capital Management Inc. grew its holdings in Trip.com Group by 2.6% in the second quarter. QRG Capital Management Inc. now owns 13,772 shares of the company’s stock worth $647,000 after purchasing an additional 344 shares during the period. Mitsubishi UFJ Trust & Banking Corp grew its holdings in Trip.com Group by 0.9% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 40,632 shares of the company’s stock worth $1,908,000 after purchasing an additional 375 shares during the period. Creative Planning increased its stake in Trip.com Group by 1.7% in the third quarter. Creative Planning now owns 25,622 shares of the company’s stock valued at $1,523,000 after purchasing an additional 423 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its holdings in shares of Trip.com Group by 4.2% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 10,647 shares of the company’s stock valued at $500,000 after purchasing an additional 431 shares during the period. 35.41% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on TCOM shares. Sanford C. Bernstein assumed coverage on Trip.com Group in a research note on Monday, November 4th. They issued an “outperform” rating and a $85.00 target price for the company. TD Cowen reduced their price objective on Trip.com Group from $63.00 to $56.00 and set a “buy” rating for the company in a research note on Tuesday, August 27th. HSBC lowered Trip.com Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 8th. StockNews.com lowered shares of Trip.com Group from a “buy” rating to a “hold” rating in a research note on Tuesday, August 13th. Finally, Mizuho raised their price objective on shares of Trip.com Group from $65.00 to $78.00 and gave the company an “outperform” rating in a research note on Tuesday. Five analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $68.33.

Trip.com Group Price Performance

Trip.com Group stock opened at $62.08 on Thursday. The stock has a market cap of $39.99 billion, a P/E ratio of 21.71 and a beta of 0.39. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.15. The company’s 50 day moving average price is $58.85 and its two-hundred day moving average price is $51.97. 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 posted its quarterly earnings data on Monday, August 26th. The company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.22. Trip.com Group had a return on equity of 11.52% and a net margin of 28.78%. The business had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.80 billion. On average, equities analysts predict that Trip.com Group Limited will post 2.93 earnings per share for the current year.

About Trip.com Group

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.