Northwest & Ethical Investments L.P. Trims Holdings in Trip.com Group Limited (NASDAQ:TCOM)

Northwest & Ethical Investments L.P. lowered its stake in shares of Trip.com Group Limited (NASDAQ:TCOM) by 41.1% in the third quarter, HoldingsChannel.com reports. The firm 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 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. boosted its position in shares of Trip.com Group by 29.5% during the first quarter. Advisors Asset Management Inc. now owns 2,692 shares of the company’s stock worth $118,000 after buying an additional 613 shares during the period. Swedbank AB purchased a new position in Trip.com Group during the 1st quarter valued at about $8,891,000. Cetera Advisors LLC acquired a new position in Trip.com Group in the 1st quarter valued at about $432,000. Hilltop National Bank increased its stake 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 purchasing an additional 876 shares during the period. Finally, CWM LLC lifted its position in shares of Trip.com Group by 13.5% during the second quarter. CWM LLC now owns 2,107 shares of the company’s stock worth $99,000 after purchasing an additional 251 shares in the last quarter. Institutional investors and hedge funds own 35.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on TCOM shares. StockNews.com upgraded shares of Trip.com Group from a “hold” rating to a “buy” rating in a report on Wednesday, November 20th. Macquarie boosted their price target on shares of Trip.com Group from $75.40 to $80.80 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Sanford C. Bernstein started coverage on Trip.com Group in a research note on Monday, November 4th. They issued an “outperform” rating and a $85.00 price objective on the stock. Benchmark boosted their target price on Trip.com Group from $72.00 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Finally, Citigroup increased their price target on Trip.com Group from $66.00 to $72.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Eleven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $74.18.

Trip.com Group Price Performance

TCOM stock opened at $63.80 on Friday. The business has a 50 day moving average price of $62.32 and a 200 day moving average price of $52.82. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.14. The stock has a market cap of $41.09 billion, a price-to-earnings ratio of 19.10, a PEG ratio of 0.97 and a beta of 0.39. Trip.com Group Limited has a fifty-two week low of $32.42 and a fifty-two week high of $69.67.

Trip.com Group (NASDAQ:TCOM) last issued 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. The business had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.80 billion. Trip.com Group had a net margin of 31.86% and a return on equity of 12.04%. Equities research analysts anticipate that Trip.com Group Limited will post 3.29 earnings per share for the current fiscal year.

Trip.com Group Company Profile

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.