NS Partners Ltd Lowers Stock Holdings in Trip.com Group Limited (NASDAQ:TCOM)

NS Partners Ltd reduced its holdings in shares of Trip.com Group Limited (NASDAQ:TCOM) by 17.4% during the third quarter, HoldingsChannel reports. The firm owned 835,900 shares of the company’s stock after selling 176,100 shares during the period. Trip.com Group comprises 2.1% of NS Partners Ltd’s portfolio, making the stock its 9th biggest holding. NS Partners Ltd’s holdings in Trip.com Group were worth $49,678,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TCOM. Atlas Capital Advisors LLC lifted its holdings in Trip.com Group by 115.7% in the second quarter. Atlas Capital Advisors LLC now owns 3,628 shares of the company’s stock valued at $171,000 after acquiring an additional 1,946 shares during the period. LMR Partners LLP bought a new position in Trip.com Group in the third quarter valued at about $18,435,000. Bayesian Capital Management LP purchased a new stake in Trip.com Group in the first quarter worth about $742,000. Central Asset Investments & Management Holdings HK Ltd purchased a new stake in Trip.com Group in the third quarter worth about $2,615,000. Finally, Varma Mutual Pension Insurance Co purchased a new stake in Trip.com Group in the second quarter worth about $2,914,000. 35.41% of the stock is owned by institutional investors.

Trip.com Group Trading Up 2.3 %

Shares of NASDAQ TCOM opened at $62.74 on Wednesday. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.15. The business has a fifty day simple moving average of $59.93 and a two-hundred day simple moving average of $52.28. The firm has a market cap of $40.41 billion, a PE ratio of 18.78 and a beta of 0.39. Trip.com Group Limited has a twelve month low of $31.55 and a twelve month high of $69.67.

Trip.com Group (NASDAQ:TCOM) last issued its earnings results on Monday, August 26th. The company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.22. The business had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.80 billion. Trip.com Group had a return on equity of 11.52% and a net margin of 28.78%. Analysts expect that Trip.com Group Limited will post 2.93 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on TCOM shares. Macquarie upgraded Trip.com Group to a “strong-buy” rating in a research report on Monday, October 7th. HSBC upgraded Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a research report on Tuesday. TD Cowen raised their price target on Trip.com Group from $56.00 to $71.00 and gave the company a “buy” rating in a report on Tuesday. StockNews.com cut Trip.com Group from a “buy” rating to a “hold” rating in a report on Tuesday, August 13th. Finally, Sanford C. Bernstein began coverage on Trip.com Group in a research note on Monday, November 4th. They issued an “outperform” rating and a $85.00 price objective for the company. Four analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Trip.com Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $72.56.

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.