Cable Hill Partners LLC Sells 639 Shares of Trip.com Group Limited (NASDAQ:TCOM)

Cable Hill Partners LLC reduced its holdings in Trip.com Group Limited (NASDAQ:TCOM) by 12.8% during the 3rd quarter, Holdings Channel reports. The fund owned 4,339 shares of the company’s stock after selling 639 shares during the quarter. Cable Hill Partners LLC’s holdings in Trip.com Group were worth $258,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of TCOM. CWM LLC grew its stake in shares of Trip.com Group by 10.4% during the third quarter. CWM LLC now owns 2,327 shares of the company’s stock valued at $138,000 after purchasing an additional 220 shares during the last quarter. QRG Capital Management Inc. boosted its position in Trip.com Group by 2.6% in the 2nd quarter. QRG Capital Management Inc. now owns 13,772 shares of the company’s stock valued at $647,000 after buying an additional 344 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of Trip.com Group by 0.9% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 40,632 shares of the company’s stock valued at $1,908,000 after buying an additional 375 shares during the period. Creative Planning raised its position in shares of Trip.com Group by 1.7% during the third quarter. Creative Planning now owns 25,622 shares of the company’s stock worth $1,523,000 after acquiring an additional 423 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its stake in shares of Trip.com Group by 4.2% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 10,647 shares of the company’s stock valued at $500,000 after acquiring an additional 431 shares during the period. Institutional investors and hedge funds own 35.41% of the company’s stock.

Trip.com Group Stock Performance

TCOM stock opened at $59.93 on Friday. Trip.com Group Limited has a 1-year low of $31.55 and a 1-year high of $69.67. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.15. The firm has a market cap of $38.60 billion, a PE ratio of 21.71 and a beta of 0.39. The business’s 50-day moving average price is $58.85 and its two-hundred day moving average price is $51.97.

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

Analyst Ratings Changes

TCOM has been the subject of a number of research reports. Citigroup lifted their price objective on Trip.com Group from $66.00 to $72.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Mizuho lifted their price target on shares of Trip.com Group from $65.00 to $78.00 and gave the stock an “outperform” rating in a research report on Tuesday. TD Cowen cut their price objective on shares of Trip.com Group from $63.00 to $56.00 and set a “buy” rating on the stock in a report on Tuesday, August 27th. Benchmark reaffirmed a “buy” rating and set a $72.00 target price on shares of Trip.com Group in a report on Tuesday, August 27th. Finally, 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 target on the stock. Five investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Trip.com Group presently has an average rating of “Moderate Buy” and a consensus target price of $68.33.

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.