Lazard Asset Management LLC Sells 32,682 Shares of Trip.com Group Limited (NASDAQ:TCOM)

Lazard Asset Management LLC cut its holdings in Trip.com Group Limited (NASDAQ:TCOM) by 3.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 951,692 shares of the company’s stock after selling 32,682 shares during the period. Lazard Asset Management LLC owned 0.15% of Trip.com Group worth $41,769,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in TCOM. Capital World Investors raised its position in Trip.com Group by 40.4% in the fourth quarter. Capital World Investors now owns 38,395,626 shares of the company’s stock worth $1,382,592,000 after acquiring an additional 11,039,672 shares during the period. Schroder Investment Management Group increased its stake in shares of Trip.com Group by 3,752.1% in the fourth quarter. Schroder Investment Management Group now owns 9,886,320 shares of the company’s stock worth $356,006,000 after purchasing an additional 9,629,673 shares in the last quarter. Brilliance Asset Management Ltd. increased its stake in shares of Trip.com Group by 433.6% in the fourth quarter. Brilliance Asset Management Ltd. now owns 1,904,603 shares of the company’s stock worth $68,585,000 after purchasing an additional 1,547,659 shares in the last quarter. Green Court Capital Management Ltd increased its stake in shares of Trip.com Group by 64.5% in the fourth quarter. Green Court Capital Management Ltd now owns 3,421,281 shares of the company’s stock worth $123,200,000 after purchasing an additional 1,341,806 shares in the last quarter. Finally, National Bank of Canada FI increased its stake in shares of Trip.com Group by 413,028.8% in the first quarter. National Bank of Canada FI now owns 859,308 shares of the company’s stock worth $37,715,000 after purchasing an additional 859,100 shares in the last quarter. 35.41% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

TCOM has been the subject of a number of analyst reports. Citigroup increased their price objective on shares of Trip.com Group from $53.00 to $55.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. Barclays increased their price objective on shares of Trip.com Group from $60.00 to $76.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 22nd. HSBC increased their price objective on shares of Trip.com Group from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, April 12th. Mizuho raised their target price on shares of Trip.com Group from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, May 21st. Finally, CLSA raised their target price on shares of Trip.com Group from $55.00 to $64.00 and gave the company a “buy” rating in a research note on Monday, May 13th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $61.89.

Trip.com Group Price Performance

Shares of NASDAQ:TCOM traded down $0.08 on Friday, reaching $43.35. The company’s stock had a trading volume of 3,162,436 shares, compared to its average volume of 2,867,356. Trip.com Group Limited has a 52-week low of $31.55 and a 52-week high of $58.00. The company has a market cap of $27.92 billion, a P/E ratio of 19.53 and a beta of 0.42. The company has a 50-day simple moving average of $49.67 and a 200 day simple moving average of $46.42. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.15 and a current ratio of 1.15.

Trip.com Group (NASDAQ:TCOM) last issued its quarterly earnings data on Monday, May 20th. The company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.21. Trip.com Group had a net margin of 22.99% and a return on equity of 10.73%. The business had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.61 billion. As a group, equities research analysts anticipate that Trip.com Group Limited will post 2.78 EPS for the current fiscal 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.