Sumitomo Mitsui Trust Holdings Inc. Sells 7,945 Shares of Trip.com Group Limited (NASDAQ:TCOM)

Posted by on Jul 19th, 2023

Sumitomo Mitsui Trust Holdings Inc. decreased its position in shares of Trip.com Group Limited (NASDAQ:TCOM – Free Report) by 0.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,283,519 shares of the company’s stock after selling 7,945 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.20% of Trip.com Group worth $48,350,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in TCOM. Captrust Financial Advisors purchased a new position in Trip.com Group during the 2nd quarter valued at approximately $38,000. James Investment Research Inc. purchased a new position in shares of Trip.com Group in the first quarter valued at $56,000. Lindbrook Capital LLC grew its holdings in shares of Trip.com Group by 61.1% in the fourth quarter. Lindbrook Capital LLC now owns 2,506 shares of the company’s stock valued at $86,000 after purchasing an additional 950 shares in the last quarter. PNC Financial Services Group Inc. increased its position in Trip.com Group by 33.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,752 shares of the company’s stock worth $95,000 after purchasing an additional 694 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. raised its stake in Trip.com Group by 28.8% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,596 shares of the company’s stock valued at $125,000 after purchasing an additional 803 shares in the last quarter. 47.23% of the stock is owned by institutional investors.

Trip.com Group Stock Down 2.4 %

Shares of TCOM opened at $36.09 on Wednesday. The firm has a fifty day moving average price of $34.54 and a 200-day moving average price of $35.95. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $23.32 billion, a P/E ratio of 28.87 and a beta of 0.55. Trip.com Group Limited has a 12-month low of $19.25 and a 12-month high of $40.17.

Trip.com Group (NASDAQ:TCOM – Get Free Report) last announced its quarterly earnings data on Wednesday, June 7th. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.18. The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.18 billion. Trip.com Group had a net margin of 23.00% and a return on equity of 2.05%. Equities research analysts expect that Trip.com Group Limited will post 1.46 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Citigroup boosted their target price on shares of Trip.com Group from $45.00 to $47.00 in a report on Friday, June 9th. StockNews.com upgraded Trip.com Group from a “hold” rating to a “buy” rating in a research report on Friday, June 9th. TheStreet upgraded Trip.com Group from a “c” rating to a “b” rating in a report on Friday, June 9th. China Renaissance upgraded Trip.com Group from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a report on Thursday, June 8th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Trip.com Group from $37.00 to $39.00 in a research note on Monday, June 12th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Trip.com Group has an average rating of “Moderate Buy” and an average price target of $45.92.

Trip.com Group Company Profile

(Free Report)

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.

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

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