U S Global Investors Inc. Sells 60,517 Shares of Trip.com Group Limited (NASDAQ:TCOM)

U S Global Investors Inc. cut its stake in shares of Trip.com Group Limited (NASDAQ:TCOM) by 22.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 213,866 shares of the company’s stock after selling 60,517 shares during the quarter. Trip.com Group makes up 1.2% of U S Global Investors Inc.’s portfolio, making the stock its 19th largest holding. U S Global Investors Inc.’s holdings in Trip.com Group were worth $12,710,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Ballentine Partners LLC lifted its holdings in Trip.com Group by 42.6% during the 1st quarter. Ballentine Partners LLC now owns 8,595 shares of the company’s stock valued at $377,000 after purchasing an additional 2,566 shares during the last quarter. ARGA Investment Management LP boosted its holdings in shares of Trip.com Group by 4.8% in the 1st quarter. ARGA Investment Management LP now owns 4,814,510 shares of the company’s stock worth $211,309,000 after acquiring an additional 219,359 shares in the last quarter. Matthews International Capital Management LLC grew its holdings in shares of Trip.com Group by 6.2% during the first quarter. Matthews International Capital Management LLC now owns 644,541 shares of the company’s stock worth $28,289,000 after purchasing an additional 37,804 shares during the last quarter. Atlas Capital Advisors LLC acquired a new position in Trip.com Group during the 1st quarter worth about $74,000. Finally, Diversified Trust Co grew its holdings in Trip.com Group by 1.5% during the 1st quarter. Diversified Trust Co now owns 24,686 shares of the company’s stock worth $1,083,000 after acquiring an additional 375 shares during the last quarter. Institutional investors and hedge funds own 35.41% of the company’s stock.

Trip.com Group Stock Down 0.3 %

NASDAQ TCOM traded down $0.20 during trading hours on Tuesday, reaching $60.30. 118,077 shares of the company’s stock were exchanged, compared to its average volume of 4,099,770. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.32 and a current ratio of 1.32. Trip.com Group Limited has a one year low of $31.55 and a one year high of $69.67. The company’s 50-day moving average is $51.86 and its two-hundred day moving average is $50.13. The company has a market capitalization of $38.84 billion, a price-to-earnings ratio of 27.25 and a beta of 0.41.

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, topping analysts’ consensus estimates of $0.65 by $0.22. The firm had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.80 billion. Trip.com Group had a net margin of 28.78% and a return on equity of 11.52%. On average, analysts forecast that Trip.com Group Limited will post 2.93 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently commented on TCOM shares. TD Cowen decreased their price target on shares of Trip.com Group from $63.00 to $56.00 and set a “buy” rating on the stock in a research note on Tuesday, August 27th. Hsbc Global Res lowered Trip.com Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 8th. HSBC downgraded Trip.com Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Benchmark restated a “buy” rating and set a $72.00 target price on shares of Trip.com Group in a research report on Tuesday, August 27th. Finally, StockNews.com lowered Trip.com Group from a “buy” rating to a “hold” rating in a research note on Tuesday, August 13th. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Trip.com Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $64.63.

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.