GAM Holding AG Has $3.56 Million Stock Holdings in Trip.com Group Limited (NASDAQ:TCOM)

GAM Holding AG lessened its stake in shares of Trip.com Group Limited (NASDAQ:TCOM) by 60.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 59,951 shares of the company’s stock after selling 90,470 shares during the period. GAM Holding AG’s holdings in Trip.com Group were worth $3,563,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TCOM. Whittier Trust Co. of Nevada Inc. grew its stake in shares of Trip.com Group by 101.1% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 3,173 shares of the company’s stock worth $189,000 after acquiring an additional 1,595 shares during the last quarter. Whittier Trust Co. grew its stake in shares of Trip.com Group by 70.2% in the third quarter. Whittier Trust Co. now owns 18,981 shares of the company’s stock worth $1,128,000 after acquiring an additional 7,826 shares during the last quarter. Raymond James & Associates grew its stake in shares of Trip.com Group by 9.1% in the third quarter. Raymond James & Associates now owns 40,998 shares of the company’s stock worth $2,437,000 after acquiring an additional 3,425 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Trip.com Group by 64.0% in the third quarter. Blue Trust Inc. now owns 7,545 shares of the company’s stock worth $448,000 after acquiring an additional 2,944 shares during the last quarter. Finally, Seven Grand Managers LLC acquired a new stake in shares of Trip.com Group in the third quarter worth $10,884,000. Institutional investors and hedge funds own 35.41% of the company’s stock.

Trip.com Group Stock Up 0.0 %

Shares of NASDAQ TCOM opened at $60.53 on Wednesday. The stock has a market cap of $38.99 billion, a PE ratio of 27.27 and a beta of 0.41. The business has a fifty day moving average of $52.23 and a two-hundred day moving average of $50.22. Trip.com Group Limited has a 52-week low of $31.55 and a 52-week high of $69.67. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.32 and a current ratio of 1.32.

Trip.com Group (NASDAQ:TCOM) last issued its quarterly earnings data on Monday, August 26th. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.22. Trip.com Group had a return on equity of 11.52% and a net margin of 28.78%. The company had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.80 billion. As a group, equities research analysts expect that Trip.com Group Limited will post 2.93 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on TCOM shares. StockNews.com downgraded shares of Trip.com Group from a “buy” rating to a “hold” rating in a research note on Tuesday, August 13th. Benchmark reiterated a “buy” rating and set a $72.00 price target on shares of Trip.com Group in a research note on Tuesday, August 27th. Citigroup lifted their price target on shares of Trip.com Group from $66.00 to $72.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. HSBC downgraded shares of Trip.com Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th. Finally, Hsbc Global Res downgraded shares of Trip.com Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 8th. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $64.63.

Trip.com Group Company Profile

Trip.com Group Limited, through its subsidiaries, 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.