Aigen Investment Management LP Lowers Holdings in Trip.com Group Limited (NASDAQ:TCOM)

Aigen Investment Management LP lowered its stake in shares of Trip.com Group Limited (NASDAQ:TCOM) by 29.4% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 5,374 shares of the company’s stock after selling 2,240 shares during the period. Aigen Investment Management LP’s holdings in Trip.com Group were worth $319,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Capital World Investors boosted its stake in shares of 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 acquiring an additional 10,576,028 shares in the last quarter. Capital International Investors grew its holdings in Trip.com Group by 0.4% in the first quarter. Capital International Investors now owns 7,941,645 shares of the company’s stock valued at $348,559,000 after purchasing an additional 29,768 shares during the period. Kontiki Capital Management HK Ltd. grew its stake in Trip.com Group by 1.9% in the 1st quarter. Kontiki Capital Management HK Ltd. now owns 4,523,780 shares of the company’s stock valued at $198,549,000 after acquiring an additional 83,200 shares during the period. Ninety One UK Ltd increased its holdings in Trip.com Group by 1.3% in the 2nd quarter. Ninety One UK Ltd now owns 2,748,579 shares of the company’s stock worth $129,183,000 after acquiring an additional 36,122 shares in the last quarter. Finally, Marshall Wace LLP raised its position 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 acquiring an additional 804,885 shares during the period. Institutional investors and hedge funds own 35.41% of the company’s stock.

Trip.com Group Stock Down 0.7 %

TCOM opened at $59.49 on Friday. Trip.com Group Limited has a one year low of $31.55 and a one year 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. The stock has a market capitalization of $38.32 billion, a P/E ratio of 20.80 and a beta of 0.39. The business’s 50-day simple moving average is $59.09 and its 200-day simple moving average is $52.02.

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

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TCOM. StockNews.com lowered Trip.com Group from a “buy” rating to a “hold” rating in a research note on Tuesday, August 13th. Benchmark reaffirmed a “buy” rating and set a $72.00 price target on shares of Trip.com Group in a research report on Tuesday, August 27th. Mizuho upped 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. Citigroup lifted their price objective on Trip.com Group from $66.00 to $72.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Finally, Hsbc Global Res lowered shares of Trip.com Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 8th. Five analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $68.33.

Trip.com Group 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.