Trip.com Group Limited (NASDAQ:TCOM) Shares Sold by Migdal Insurance & Financial Holdings Ltd.

Migdal Insurance & Financial Holdings Ltd. reduced its stake in Trip.com Group Limited (NASDAQ:TCOM) by 16.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,712 shares of the company’s stock after selling 533 shares during the period. Migdal Insurance & Financial Holdings Ltd.’s holdings in Trip.com Group were worth $96,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of TCOM. E Fund Management Hong Kong Co. Ltd. raised its stake in Trip.com Group by 136.0% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 298,950 shares of the company’s stock valued at $6,424,000 after buying an additional 172,253 shares in the last quarter. Advisor Group Holdings Inc. raised its stake in Trip.com Group by 19.7% in the first quarter. Advisor Group Holdings Inc. now owns 6,496 shares of the company’s stock valued at $152,000 after buying an additional 1,068 shares in the last quarter. American Century Companies Inc. raised its stake in Trip.com Group by 102.8% in the first quarter. American Century Companies Inc. now owns 102,370 shares of the company’s stock valued at $2,367,000 after buying an additional 51,896 shares in the last quarter. Natixis Advisors L.P. raised its stake in Trip.com Group by 9.2% in the first quarter. Natixis Advisors L.P. now owns 27,367 shares of the company’s stock valued at $632,000 after buying an additional 2,312 shares in the last quarter. Finally, BlackRock Inc. raised its stake in Trip.com Group by 18.1% in the first quarter. BlackRock Inc. now owns 25,456,730 shares of the company’s stock valued at $588,559,000 after buying an additional 3,893,531 shares in the last quarter. 35.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have weighed in on TCOM shares. Barclays raised their price target on Trip.com Group from $56.00 to $60.00 and gave the company an “overweight” rating in a research note on Thursday, February 22nd. Citigroup lifted their target price on Trip.com Group from $53.00 to $55.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. Mizuho lifted their target price on Trip.com Group from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, February 22nd. StockNews.com upgraded Trip.com Group from a “hold” rating to a “buy” rating in a research report on Friday, February 23rd. Finally, UBS Group lifted their target price on Trip.com Group from $48.00 to $52.00 and gave the stock a “buy” rating in a research report on Thursday, February 22nd. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $53.67.

Trip.com Group Stock Performance

NASDAQ TCOM opened at $48.72 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.23 and a debt-to-equity ratio of 0.16. Trip.com Group Limited has a 52-week low of $30.70 and a 52-week high of $50.63. The business’s 50-day moving average price is $44.84 and its 200 day moving average price is $38.45. The firm has a market cap of $31.48 billion, a P/E ratio of 23.54 and a beta of 0.56.

Trip.com Group (NASDAQ:TCOM) last released its quarterly earnings results on Wednesday, February 21st. The company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.29. Trip.com Group had a return on equity of 9.35% and a net margin of 22.43%. The firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.42 billion. On average, equities research analysts expect that Trip.com Group Limited will post 2.54 earnings per share for the current year.

Trip.com Group Profile

Trip.com Group Limited 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.