NS Partners Ltd Has $49.68 Million Stock Holdings in Trip.com Group Limited (NASDAQ:TCOM)

NS Partners Ltd lowered its stake in Trip.com Group Limited (NASDAQ:TCOM) by 17.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 835,900 shares of the company’s stock after selling 176,100 shares during the quarter. Trip.com Group accounts for 2.1% of NS Partners Ltd’s portfolio, making the stock its 9th biggest position. NS Partners Ltd owned 0.13% of Trip.com Group worth $49,678,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Jennison Associates LLC lifted its position in Trip.com Group by 98.4% in the third quarter. Jennison Associates LLC now owns 855,370 shares of the company’s stock valued at $50,835,000 after purchasing an additional 424,160 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Trip.com Group in the third quarter valued at approximately $6,896,000. Cantillon Capital Management LLC lifted its position in Trip.com Group by 14.9% in the third quarter. Cantillon Capital Management LLC now owns 4,868,383 shares of the company’s stock valued at $289,328,000 after purchasing an additional 629,508 shares during the last quarter. LMR Partners LLP purchased a new position in shares of Trip.com Group during the third quarter valued at approximately $18,435,000. Finally, Natixis Advisors LLC increased its stake in shares of Trip.com Group by 10.0% during the third quarter. Natixis Advisors LLC now owns 42,561 shares of the company’s stock valued at $2,529,000 after buying an additional 3,883 shares during the period. Institutional investors own 35.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Sanford C. Bernstein assumed coverage on Trip.com Group in a research note on Monday, November 4th. They set an “outperform” rating and a $85.00 target price on the stock. Hsbc Global Res cut Trip.com Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 8th. Benchmark boosted their target price on Trip.com Group from $72.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday. StockNews.com cut Trip.com Group from a “buy” rating to a “hold” rating in a research note on Tuesday, August 13th. Finally, HSBC raised Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a research note on Tuesday. Four analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $72.56.

Trip.com Group Trading Up 2.3 %

NASDAQ TCOM opened at $62.74 on Wednesday. Trip.com Group Limited has a 12 month low of $31.55 and a 12 month high of $69.67. The stock has a market cap of $40.41 billion, a P/E ratio of 18.78 and a beta of 0.39. The stock’s fifty day moving average price is $59.93 and its 200-day moving average price is $52.28. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.15.

Trip.com Group (NASDAQ:TCOM) last released its earnings results on Monday, August 26th. The company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates 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 11.52% and a net margin of 28.78%. As a group, equities analysts forecast that Trip.com Group Limited will post 2.93 EPS for the current fiscal year.

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.