Trip.com Group Limited (NASDAQ:TCOM) Shares Sold by Northwest & Ethical Investments L.P.

Northwest & Ethical Investments L.P. lessened its holdings in Trip.com Group Limited (NASDAQ:TCOM) by 41.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 73,535 shares of the company’s stock after selling 51,332 shares during the period. Northwest & Ethical Investments L.P.’s holdings in Trip.com Group were worth $4,370,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. RPg Family Wealth Advisory LLC purchased a new stake in shares of Trip.com Group in the third quarter valued at approximately $38,000. Fifth Third Bancorp increased its holdings in Trip.com Group by 1,188.0% in the 2nd quarter. Fifth Third Bancorp now owns 1,069 shares of the company’s stock worth $50,000 after acquiring an additional 986 shares in the last quarter. Hilltop National Bank raised its position in Trip.com Group by 322.1% during the second quarter. Hilltop National Bank now owns 1,148 shares of the company’s stock worth $54,000 after acquiring an additional 876 shares during the period. Benjamin F. Edwards & Company Inc. lifted its holdings in Trip.com Group by 72.3% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,165 shares of the company’s stock valued at $55,000 after purchasing an additional 489 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Trip.com Group during the second quarter valued at $66,000. Institutional investors and hedge funds own 35.41% of the company’s stock.

Trip.com Group Price Performance

Shares of TCOM stock opened at $63.80 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.42 and a quick ratio of 1.42. The company has a market capitalization of $41.09 billion, a PE ratio of 19.10, a price-to-earnings-growth ratio of 0.97 and a beta of 0.39. The firm’s 50-day moving average is $62.32 and its two-hundred day moving average is $52.82. Trip.com Group Limited has a 12 month low of $32.42 and a 12 month high of $69.67.

Trip.com Group (NASDAQ:TCOM) last released its quarterly earnings results on Monday, August 26th. The company reported $0.87 EPS 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 for the quarter, compared to analyst estimates of $1.80 billion. Analysts predict that Trip.com Group Limited will post 3.29 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. HSBC raised shares of Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a research note on Tuesday, November 19th. Barclays increased their target price on Trip.com Group from $76.00 to $84.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. Hsbc Global Res raised Trip.com Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 19th. Mizuho increased 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, Citigroup raised their price objective on Trip.com Group from $66.00 to $72.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Eleven analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Trip.com Group 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.