Paradiem LLC Has $1.64 Million Stock Holdings in Trip.com Group Limited (NASDAQ:TCOM)

Paradiem LLC cut its position in shares of Trip.com Group Limited (NASDAQ:TCOM) by 43.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 45,649 shares of the company’s stock after selling 34,882 shares during the quarter. Paradiem LLC’s holdings in Trip.com Group were worth $1,644,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in TCOM. Deltec Asset Management LLC acquired a new stake in Trip.com Group during the third quarter worth about $682,000. Raymond James & Associates boosted its holdings in Trip.com Group by 24.1% during the third quarter. Raymond James & Associates now owns 122,973 shares of the company’s stock valued at $4,300,000 after purchasing an additional 23,920 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in Trip.com Group by 21.1% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,245 shares of the company’s stock valued at $114,000 after purchasing an additional 566 shares in the last quarter. Advisor Partners II LLC acquired a new stake in Trip.com Group during the third quarter valued at approximately $322,000. Finally, Henry James International Management Inc. boosted its holdings in Trip.com Group by 17.1% during the third quarter. Henry James International Management Inc. now owns 25,327 shares of the company’s stock valued at $886,000 after purchasing an additional 3,695 shares in the last quarter. 35.41% of the stock is owned by institutional investors and hedge funds.

Trip.com Group Trading Up 0.4 %

TCOM stock traded up $0.18 during trading on Friday, hitting $50.60. The company had a trading volume of 4,542,364 shares, compared to its average volume of 3,440,245. The company has a quick ratio of 1.17, a current ratio of 1.23 and a debt-to-equity ratio of 0.16. The firm has a 50-day moving average price of $45.99 and a 200-day moving average price of $39.16. Trip.com Group Limited has a 12 month low of $30.70 and a 12 month high of $51.89. The stock has a market cap of $32.69 billion, a price-to-earnings ratio of 24.44 and a beta of 0.56.

Trip.com Group (NASDAQ:TCOM) last posted its quarterly earnings data on Wednesday, February 21st. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.29. Trip.com Group had a net margin of 22.43% and a return on equity of 9.35%. The firm had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.42 billion. As a group, analysts predict that Trip.com Group Limited will post 2.54 earnings per share for the current year.

Analyst Ratings Changes

TCOM has been the topic of a number of recent research reports. HSBC lifted their price objective on Trip.com Group from $50.00 to $60.00 and gave the company a “buy” rating in a report on Friday, April 12th. UBS Group lifted their price objective on Trip.com Group from $48.00 to $52.00 and gave the company a “buy” rating in a report on Thursday, February 22nd. StockNews.com raised Trip.com Group from a “hold” rating to a “buy” rating in a report on Friday, February 23rd. Barclays lifted their price objective on Trip.com Group from $56.00 to $60.00 and gave the company an “overweight” rating in a report on Thursday, February 22nd. Finally, Citigroup lifted their target price on shares of Trip.com Group from $53.00 to $55.00 and gave the company a “buy” rating in a research note on Monday, April 1st. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $53.67.

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, 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.