abrdn plc Has $1.47 Million Stock Holdings in Trip.com Group Limited (NASDAQ:TCOM)

abrdn plc cut its stake in shares of Trip.com Group Limited (NASDAQ:TCOM) by 3.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 40,937 shares of the company’s stock after selling 1,362 shares during the quarter. abrdn plc’s holdings in Trip.com Group were worth $1,474,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Harel Insurance Investments & Financial Services Ltd. acquired a new position in Trip.com Group in the third quarter valued at approximately $66,000. Migdal Insurance & Financial Holdings Ltd. raised its stake in Trip.com Group by 21.1% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,245 shares of the company’s stock worth $114,000 after buying an additional 566 shares during the period. PNC Financial Services Group Inc. increased its holdings in shares of 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 valued at $143,000 after acquiring an additional 402 shares in the last quarter. Lester Murray Antman dba SimplyRich acquired a new position in shares of Trip.com Group during the fourth quarter worth approximately $210,000. Finally, Ballentine Partners LLC acquired a new position in Trip.com Group during the 4th quarter valued at about $217,000. 35.41% of the stock is currently owned by institutional investors.

Trip.com Group Trading Down 2.9 %

NASDAQ TCOM opened at $49.13 on Tuesday. The stock’s 50-day simple moving average is $46.15 and its two-hundred day simple moving average is $39.30. The company has a market capitalization of $31.74 billion, a price-to-earnings ratio of 23.73 and a beta of 0.56. Trip.com Group Limited has a twelve month low of $30.70 and a twelve month high of $51.89. The company has a quick ratio of 1.17, a current ratio of 1.23 and a debt-to-equity ratio of 0.16.

Trip.com Group (NASDAQ:TCOM) last issued its quarterly earnings results on Wednesday, February 21st. The company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.29. The business had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.42 billion. Trip.com Group had a net margin of 22.43% and a return on equity of 9.35%. Research analysts forecast that Trip.com Group Limited will post 2.54 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on TCOM shares. UBS Group upped their target price on shares of Trip.com Group from $48.00 to $52.00 and gave the stock a “buy” rating in a research note on Thursday, February 22nd. Mizuho boosted their target price on Trip.com Group from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, February 22nd. Citigroup upped their price objective on Trip.com Group from $53.00 to $55.00 and gave the company a “buy” rating in a research note on Monday, April 1st. Barclays boosted their price target on shares of Trip.com Group from $56.00 to $60.00 and gave the stock an “overweight” rating in a report on Thursday, February 22nd. Finally, Benchmark restated a “buy” rating and set a $55.00 price objective on shares of Trip.com Group in a report on Wednesday, April 17th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.