ANTIPODES PARTNERS Ltd Decreases Stake in Group Limited (NASDAQ:TCOM)

ANTIPODES PARTNERS Ltd reduced its position in Group Limited (NASDAQ:TCOMGet Rating) by 4.7% during the fourth quarter, Holdings reports. The institutional investor owned 3,834,153 shares of the company’s stock after selling 188,612 shares during the period. Group accounts for 3.6% of ANTIPODES PARTNERS Ltd’s investment portfolio, making the stock its 13th largest holding. ANTIPODES PARTNERS Ltd’s holdings in Group were worth $102,026,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Lindbrook Capital LLC raised its position in Group by 49.9% during the fourth quarter. Lindbrook Capital LLC now owns 1,901 shares of the company’s stock valued at $47,000 after purchasing an additional 633 shares during the period. Pinebridge Investments L.P. purchased a new stake in Group during the fourth quarter valued at approximately $52,000. Thrivent Financial for Lutherans purchased a new stake in Group during the third quarter valued at approximately $240,000. Colony Group LLC bought a new position in shares of Group during the third quarter valued at approximately $255,000. Finally, Sit Investment Associates Inc. grew its stake in Group by 12.8% in the third quarter. Sit Investment Associates Inc. now owns 8,400 shares of the company’s stock worth $258,000 after purchasing an additional 950 shares in the last quarter. Institutional investors own 66.54% of the company’s stock.

TCOM traded up $0.24 during midday trading on Wednesday, hitting $19.59. 394,278 shares of the company were exchanged, compared to its average volume of 6,278,513. The company’s 50 day simple moving average is $22.31 and its 200 day simple moving average is $24.78. The firm has a market capitalization of $11.75 billion, a price-to-earnings ratio of -161.24 and a beta of 0.92. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.10. Group Limited has a 1-year low of $14.29 and a 1-year high of $42.04. Group (NASDAQ:TCOMGet Rating) last posted its earnings results on Wednesday, March 23rd. The company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.29. Group had a positive return on equity of 0.19% and a negative net margin of 2.87%. The firm had revenue of $735.00 million for the quarter, compared to analysts’ expectations of $679.36 million. During the same period last year, the firm earned $0.14 EPS. On average, equities analysts anticipate that Group Limited will post -0.23 EPS for the current year.

Several research analysts recently issued reports on the company. Macquarie raised Group from a “neutral” rating to an “outperform” rating in a research note on Tuesday, March 15th. JPMorgan Chase & Co. cut Group from an “overweight” rating to a “neutral” rating and set a $20.00 price objective on the stock. in a research note on Monday, March 14th. Zacks Investment Research raised Group from a “sell” rating to a “hold” rating in a research note on Wednesday, March 2nd. Mizuho dropped their price objective on Group from $35.00 to $32.00 and set a “buy” rating on the stock in a research note on Thursday, March 24th. Finally, CLSA lowered their target price on Group from $39.00 to $35.00 in a report on Friday, March 25th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $33.13.

About Group (Get Rating) 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. It 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, including flight delay insurance, air accident insurance, 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.

Further Reading

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Institutional Ownership by Quarter for Group (NASDAQ:TCOM)

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