Dimensional Fund Advisors LP Sells 60,575 Shares of Trip.com Group Limited (NASDAQ:TCOM)

Dimensional Fund Advisors LP lowered its position in Trip.com Group Limited (NASDAQ:TCOMFree Report) by 1.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,746,459 shares of the company’s stock after selling 60,575 shares during the quarter. Dimensional Fund Advisors LP owned 0.58% of Trip.com Group worth $134,899,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of TCOM. Benjamin F. Edwards & Company Inc. lifted its position in Trip.com Group by 90.4% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 952 shares of the company’s stock worth $34,000 after purchasing an additional 452 shares during the period. PNC Financial Services Group Inc. increased its stake in Trip.com Group by 10.9% in 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 during the period. West Family Investments Inc. acquired a new position in Trip.com Group in the fourth quarter worth about $204,000. Lester Murray Antman dba SimplyRich bought a new position in Trip.com Group during the fourth quarter worth about $210,000. Finally, Ballentine Partners LLC acquired a new stake in Trip.com Group during the fourth quarter valued at approximately $217,000. Institutional investors own 35.41% of the company’s stock.

Trip.com Group Stock Up 0.7 %

NASDAQ TCOM opened at $56.83 on Friday. The stock has a market capitalization of $36.60 billion, a P/E ratio of 27.45 and a beta of 0.52. Trip.com Group Limited has a 52 week low of $30.70 and a 52 week high of $57.90. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.23 and a current ratio of 1.23. The stock has a fifty day moving average of $48.82 and a 200-day moving average of $41.17.

Trip.com Group (NASDAQ:TCOMGet Free Report) last announced its quarterly earnings data on Wednesday, February 21st. The company reported $0.48 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 firm had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.42 billion. On average, equities research analysts forecast that Trip.com Group Limited will post 2.53 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Benchmark restated a “buy” rating and set a $55.00 target price on shares of Trip.com Group in a research report on Wednesday, April 17th. HSBC lifted their price objective on Trip.com Group from $50.00 to $60.00 and gave the company a “buy” rating in a report on Friday, April 12th. Barclays increased their target price on shares of Trip.com Group from $56.00 to $60.00 and gave the stock an “overweight” rating in a research report on Thursday, February 22nd. Citigroup lifted their price target on shares of Trip.com Group from $53.00 to $55.00 and gave the company a “buy” rating in a report on Monday, April 1st. Finally, Mizuho upped their price objective on shares of Trip.com Group from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, February 22nd. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, Trip.com Group has a consensus rating of “Moderate Buy” and a consensus price target of $54.70.

View Our Latest Research Report on TCOM

Trip.com Group Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Trip.com Group (NASDAQ:TCOM)

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