Trip.com Group Limited (NASDAQ:TCOM) Stock Holdings Decreased by Fernwood Investment Management LLC

Fernwood Investment Management LLC decreased its stake in shares of Trip.com Group Limited (NASDAQ:TCOM) by 28.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 5,670 shares of the company’s stock after selling 2,300 shares during the quarter. Fernwood Investment Management LLC’s holdings in Trip.com Group were worth $204,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Cerity Partners LLC raised its holdings in shares of Trip.com Group by 2.8% during the fourth quarter. Cerity Partners LLC now owns 12,071 shares of the company’s stock worth $435,000 after purchasing an additional 328 shares during the period. PNC Financial Services Group Inc. raised its stake in Trip.com Group by 10.9% during the third quarter. PNC Financial Services Group Inc. now owns 4,102 shares of the company’s stock worth $143,000 after acquiring an additional 402 shares during the period. Grantham Mayo Van Otterloo & Co. LLC lifted its holdings in Trip.com Group by 3.9% in the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 11,847 shares of the company’s stock worth $414,000 after acquiring an additional 440 shares during the last quarter. Sequoia Financial Advisors LLC boosted its stake in Trip.com Group by 3.1% in the third quarter. Sequoia Financial Advisors LLC now owns 15,002 shares of the company’s stock valued at $525,000 after acquiring an additional 445 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of 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 during the last quarter. 35.41% of the stock is currently owned by institutional investors and hedge funds.

Trip.com Group Price Performance

Shares of NASDAQ TCOM traded down $0.08 during trading on Tuesday, hitting $49.05. The company had a trading volume of 729,593 shares, compared to its average volume of 3,799,242. The company has a market cap of $31.69 billion, a P/E ratio of 23.73 and a beta of 0.56. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.17 and a current ratio of 1.23. The business’s 50-day moving average is $46.15 and its 200 day moving average is $39.30. Trip.com Group Limited has a 52 week low of $30.70 and a 52 week high of $51.89.

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, topping analysts’ consensus estimates 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 company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.42 billion. Equities research analysts predict that Trip.com Group Limited will post 2.54 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. UBS Group boosted their price objective on Trip.com Group from $48.00 to $52.00 and gave the company a “buy” rating in a research report on Thursday, February 22nd. Citigroup upped their price target on shares of Trip.com Group from $53.00 to $55.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. HSBC lifted their price objective on shares of Trip.com Group from $50.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, April 12th. Mizuho upped their target price on shares of Trip.com Group from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, February 22nd. Finally, StockNews.com raised Trip.com Group from a “hold” rating to a “buy” rating in a report on Friday, February 23rd. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock 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.