Origin Asset Management LLP Decreases Stock Holdings in Trip.com Group Limited (NASDAQ:TCOM)

Origin Asset Management LLP trimmed its holdings in Trip.com Group Limited (NASDAQ:TCOM) by 1.1% in the 4th quarter, HoldingsChannel reports. The firm owned 689,530 shares of the company’s stock after selling 7,700 shares during the quarter. Trip.com Group makes up approximately 6.6% of Origin Asset Management LLP’s portfolio, making the stock its 5th largest holding. Origin Asset Management LLP’s holdings in Trip.com Group were worth $24,830,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the stock. Raymond James & Associates boosted its holdings in shares of Trip.com Group by 24.1% during the 3rd 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 during the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its position in shares of Trip.com Group by 21.1% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,245 shares of the company’s stock worth $114,000 after buying an additional 566 shares in the last quarter. Advisor Partners II LLC bought a new position in Trip.com Group during the third quarter valued at approximately $322,000. Henry James International Management Inc. grew its holdings in Trip.com Group by 17.1% during the 3rd quarter. Henry James International Management Inc. now owns 25,327 shares of the company’s stock valued at $886,000 after buying an additional 3,695 shares in the last quarter. Finally, Ariose Capital Management Ltd increased its stake in Trip.com Group by 313.3% in the 3rd quarter. Ariose Capital Management Ltd now owns 918,453 shares of the company’s stock worth $32,118,000 after acquiring an additional 696,253 shares during the last quarter. 35.41% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TCOM has been the topic of several recent research reports. Citigroup upped their price objective on Trip.com Group from $53.00 to $55.00 and gave the stock a “buy” rating in a report on Monday, April 1st. Benchmark reiterated a “buy” rating and set a $55.00 price objective on shares of Trip.com Group in a research report on Wednesday, April 17th. UBS Group boosted their target price on shares of Trip.com Group from $48.00 to $52.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. StockNews.com upgraded shares of Trip.com Group from a “hold” rating to a “buy” rating in a research report on Friday, February 23rd. Finally, Barclays lifted their price target on Trip.com Group from $56.00 to $60.00 and gave the stock an “overweight” 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. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $53.67.

Trip.com Group Trading Up 4.5 %

NASDAQ:TCOM traded up $2.20 during mid-day trading on Thursday, hitting $50.94. 4,497,927 shares of the stock traded hands, compared to its average volume of 3,810,356. 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 $51.89. The stock has a market capitalization of $32.91 billion, a price-to-earnings ratio of 23.55 and a beta of 0.52. The firm’s 50 day moving average is $46.42 and its two-hundred day moving average is $39.47.

Trip.com Group (NASDAQ:TCOM) last announced its earnings results on Wednesday, February 21st. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.42 billion. On average, equities research analysts predict that Trip.com Group Limited will post 2.54 earnings per share for the current year.

About Trip.com Group

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.