Trip.com Group Limited (NASDAQ:TCOM) Shares Sold by BNP PARIBAS ASSET MANAGEMENT Holding S.A.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. reduced its position in shares of Trip.com Group Limited (NASDAQ:TCOM) by 0.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 279,368 shares of the company’s stock after selling 414 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Trip.com Group were worth $16,603,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in TCOM. 1832 Asset Management L.P. raised its stake in shares of Trip.com Group by 4,800.0% during the 2nd quarter. 1832 Asset Management L.P. now owns 1,399,298 shares of the company’s stock worth $65,767,000 after buying an additional 1,370,741 shares in the last quarter. Marshall Wace LLP grew its holdings in Trip.com Group by 89.6% during the second quarter. Marshall Wace LLP now owns 1,703,234 shares of the company’s stock worth $80,052,000 after acquiring an additional 804,885 shares during the period. New York State Common Retirement Fund grew its holdings in Trip.com Group by 155.1% during the third quarter. New York State Common Retirement Fund now owns 1,145,863 shares of the company’s stock worth $68,099,000 after acquiring an additional 696,766 shares during the period. Cantillon Capital Management LLC raised its position in Trip.com Group by 14.9% in the third quarter. Cantillon Capital Management LLC now owns 4,868,383 shares of the company’s stock worth $289,328,000 after acquiring an additional 629,508 shares in the last quarter. Finally, Valliance Asset Management Ltd lifted its holdings in Trip.com Group by 745.5% in the third quarter. Valliance Asset Management Ltd now owns 702,600 shares of the company’s stock valued at $41,756,000 after acquiring an additional 619,500 shares during the period. Institutional investors and hedge funds own 35.41% of the company’s stock.

Trip.com Group Stock Performance

NASDAQ TCOM opened at $63.64 on Friday. The company has a quick ratio of 1.32, a current ratio of 1.42 and a debt-to-equity ratio of 0.14. Trip.com Group Limited has a fifty-two week low of $32.42 and a fifty-two week high of $69.67. The business has a fifty day moving average of $60.97 and a 200-day moving average of $52.53. The stock has a market cap of $40.99 billion, a price-to-earnings ratio of 19.05, a price-to-earnings-growth ratio of 1.10 and a beta of 0.39.

Trip.com Group (NASDAQ:TCOM) last announced its earnings results on Monday, August 26th. The company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.22. Trip.com Group had a net margin of 31.86% and a return on equity of 12.04%. The firm had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.80 billion. As a group, analysts predict that Trip.com Group Limited will post 2.93 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. HSBC raised shares of Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a research note on Tuesday, November 19th. Macquarie lifted their price target on shares of Trip.com Group from $75.40 to $80.80 and gave the company an “outperform” rating in a research report on Wednesday. Barclays boosted their price target on Trip.com Group from $76.00 to $84.00 and gave the stock an “overweight” rating in a research note on Wednesday. Mizuho raised their price objective on Trip.com Group from $65.00 to $78.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Finally, Hsbc Global Res upgraded Trip.com Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 19th. Eleven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $74.18.

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.