BNP PARIBAS ASSET MANAGEMENT Holding S.A. Decreases Stake in Trip.com Group Limited (NASDAQ:TCOM)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. trimmed its position in shares of Trip.com Group Limited (NASDAQ:TCOM) by 0.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 279,368 shares of the company’s stock after selling 414 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Trip.com Group were worth $16,603,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Fifth Third Bancorp grew its holdings in Trip.com Group by 1,188.0% during the 2nd quarter. Fifth Third Bancorp now owns 1,069 shares of the company’s stock worth $50,000 after acquiring an additional 986 shares in the last quarter. Hilltop National Bank grew its stake in shares of Trip.com Group by 322.1% during the second quarter. Hilltop National Bank now owns 1,148 shares of the company’s stock worth $54,000 after purchasing an additional 876 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its holdings in Trip.com Group by 72.3% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,165 shares of the company’s stock valued at $55,000 after buying an additional 489 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Trip.com Group in the second quarter valued at $66,000. Finally, Whittier Trust Co. of Nevada Inc. purchased a new stake in Trip.com Group during the 2nd quarter worth about $74,000. 35.41% of the stock is currently owned by hedge funds and other institutional investors.

Trip.com Group Trading Down 2.3 %

NASDAQ TCOM opened at $63.64 on Friday. The firm’s fifty day moving average is $60.97 and its two-hundred day moving average is $52.53. Trip.com Group Limited has a one year low of $32.42 and a one year high of $69.67. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.32 and a current ratio of 1.42. The firm has a market cap of $40.99 billion, a PE ratio of 19.05, a P/E/G ratio of 1.10 and a beta of 0.39.

Trip.com Group (NASDAQ:TCOM) last issued its quarterly earnings results on Monday, August 26th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.22. The firm had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.80 billion. Trip.com Group had a return on equity of 12.04% and a net margin of 31.86%. Analysts expect that Trip.com Group Limited will post 2.93 earnings per share for the current year.

Analyst Upgrades and Downgrades

TCOM has been the topic of a number of recent analyst reports. Barclays increased their price objective on Trip.com Group from $76.00 to $84.00 and gave the company an “overweight” rating in a report on Wednesday. Macquarie raised their price objective on shares of Trip.com Group from $75.40 to $80.80 and gave the stock an “outperform” rating in a report on Wednesday. Benchmark upped their target price on shares of Trip.com Group from $72.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Mizuho increased their target price on shares of Trip.com Group from $65.00 to $78.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Finally, TD Cowen boosted their price target on shares of Trip.com Group from $56.00 to $71.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Eleven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $74.18.

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.