Deltec Asset Management LLC Has $357,000 Holdings in Trip.com Group Limited (NASDAQ:TCOM)

Deltec Asset Management LLC trimmed its position in shares of Trip.com Group Limited (NASDAQ:TCOM) by 87.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,000 shares of the company’s stock after selling 42,300 shares during the quarter. Deltec Asset Management LLC’s holdings in Trip.com Group were worth $357,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Capital World Investors increased its holdings in Trip.com Group by 27.5% during the 1st quarter. Capital World Investors now owns 48,971,654 shares of the company’s stock worth $2,149,366,000 after purchasing an additional 10,576,028 shares in the last quarter. Capital International Investors grew its stake in shares of Trip.com Group by 0.4% in the 1st quarter. Capital International Investors now owns 7,941,645 shares of the company’s stock worth $348,559,000 after acquiring an additional 29,768 shares in the last quarter. Kontiki Capital Management HK Ltd. raised its holdings in shares of Trip.com Group by 1.9% in the first quarter. Kontiki Capital Management HK Ltd. now owns 4,523,780 shares of the company’s stock valued at $198,549,000 after purchasing an additional 83,200 shares during the last quarter. Ninety One UK Ltd lifted its position in shares of Trip.com Group by 1.3% during the second quarter. Ninety One UK Ltd now owns 2,748,579 shares of the company’s stock valued at $129,183,000 after purchasing an additional 36,122 shares in the last quarter. Finally, Marshall Wace LLP boosted its holdings in Trip.com Group by 89.6% during the second quarter. Marshall Wace LLP now owns 1,703,234 shares of the company’s stock worth $80,052,000 after purchasing an additional 804,885 shares during the last quarter. 35.41% of the stock is currently owned by institutional investors.

Trip.com Group Price Performance

NASDAQ TCOM opened at $64.89 on Wednesday. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.15. The company has a market cap of $41.79 billion, a PE ratio of 22.69 and a beta of 0.41. Trip.com Group Limited has a 52 week low of $31.55 and a 52 week high of $69.67. The firm’s 50-day simple moving average is $54.33 and its two-hundred day simple moving average is $50.71.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Hsbc Global Res lowered shares of Trip.com Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 8th. StockNews.com lowered Trip.com Group from a “buy” rating to a “hold” rating in a report on Tuesday, August 13th. Benchmark restated a “buy” rating and issued a $72.00 price objective on shares of Trip.com Group in a research note on Tuesday, August 27th. Citigroup lifted their target price on Trip.com Group from $66.00 to $72.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Finally, Macquarie upgraded shares of Trip.com Group to a “strong-buy” rating in a research report on Monday, October 7th. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average 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.