Schroder Investment Management Group Lowers Holdings in Trip.com Group Limited (NASDAQ:TCOM)


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Schroder Investment Management Group trimmed its position in Trip.com Group Limited (NASDAQ:TCOM) by 34.9% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 3,931,235 shares of the company’s stock after selling 2,108,100 shares during the quarter. Schroder Investment Management Group’s holdings in Trip.com Group were worth $132,601,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Fisher Asset Management LLC lifted its holdings in shares of Trip.com Group by 2.3% in the 4th quarter. Fisher Asset Management LLC now owns 10,141,421 shares of the company’s stock worth $342,070,000 after buying an additional 228,269 shares during the period. Kontiki Capital Management HK Ltd. lifted its holdings in shares of Trip.com Group by 22.3% in the 4th quarter. Kontiki Capital Management HK Ltd. now owns 4,164,226 shares of the company’s stock worth $140,459,000 after buying an additional 758,301 shares during the period. British Airways Pensions Investment Management Ltd purchased a new stake in shares of Trip.com Group in the 4th quarter worth $4,722,000. MARSHALL WACE ASIA Ltd lifted its holdings in shares of Trip.com Group by 230.6% in the 4th quarter. MARSHALL WACE ASIA Ltd now owns 2,461,916 shares of the company’s stock worth $83,040,000 after buying an additional 1,717,271 shares during the period. Finally, Handelsbanken Fonder AB lifted its stake in shares of Trip.com Group by 24.2% during the 4th quarter. Handelsbanken Fonder AB now owns 436,500 shares of the company’s stock worth $14,723,000 after purchasing an additional 85,100 shares during the last quarter.

Shares of TCOM stock opened at $38.81 on Thursday. The stock’s 50-day simple moving average is $40.12 and its 200-day simple moving average is $34.58. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a market capitalization of $23.00 billion, a PE ratio of -71.87 and a beta of 1.33. Trip.com Group Limited has a fifty-two week low of $22.35 and a fifty-two week high of $45.19.

Trip.com Group (NASDAQ:TCOM) last announced its quarterly earnings data on Tuesday, March 2nd. The company reported $1.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $1.47. The business had revenue of $761.00 million for the quarter, compared to analyst estimates of $761.78 million. Trip.com Group had a negative return on equity of 2.45% and a negative net margin of 9.55%. The company’s revenue was down 35.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.28 earnings per share. Sell-side analysts forecast that Trip.com Group Limited will post -0.93 earnings per share for the current year.

A number of brokerages recently weighed in on TCOM. Oppenheimer upped their price objective on Trip.com Group from $38.00 to $45.00 and gave the stock an “outperform” rating in a research note on Thursday, March 4th. Zacks Investment Research upgraded Trip.com Group from a “sell” rating to a “hold” rating in a research note on Saturday, March 27th. Citigroup upped their price objective on Trip.com Group from $38.50 to $46.00 in a research note on Friday, March 5th. Cowen upped their price objective on Trip.com Group from $40.00 to $43.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 30th. Finally, Sanford C. Bernstein assumed coverage on Trip.com Group in a research note on Tuesday, March 2nd. They set an “outperform” rating and a $51.00 price objective for the company. Five research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $38.93.

Trip.com Group Company 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; and provides other related services, including sale of aviation and train insurance, air-ticket delivery services, online check-in, and other value-added services, such as online seat selection, express security check, and real-time flight status.

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Institutional Ownership by Quarter for Trip.com Group (NASDAQ:TCOM)

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