AIA Group Ltd Purchases 11,802 Shares of Trip.com Group Limited (NASDAQ:TCOM)

AIA Group Ltd increased its holdings in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 8.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 151,188 shares of the company's stock after acquiring an additional 11,802 shares during the quarter. AIA Group Ltd's holdings in Trip.com Group were worth $8,985,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. CWM LLC boosted its stake in Trip.com Group by 10.4% during the 3rd quarter. CWM LLC now owns 2,327 shares of the company's stock valued at $138,000 after purchasing an additional 220 shares during the period. QRG Capital Management Inc. boosted its holdings in shares of Trip.com Group by 2.6% in the second quarter. QRG Capital Management Inc. now owns 13,772 shares of the company's stock valued at $647,000 after acquiring an additional 344 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its holdings in Trip.com Group by 0.9% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 40,632 shares of the company's stock worth $1,908,000 after acquiring an additional 375 shares during the period. Creative Planning grew its position in Trip.com Group by 1.7% in the third quarter. Creative Planning now owns 25,622 shares of the company's stock worth $1,523,000 after buying an additional 423 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its position in shares of Trip.com Group by 4.2% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 10,647 shares of the company's stock worth $500,000 after purchasing an additional 431 shares during the period. Institutional investors own 35.41% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on TCOM shares. Citigroup boosted their price objective on Trip.com Group from $66.00 to $72.00 and gave the stock a "buy" rating in a report on Thursday, October 10th. HSBC cut Trip.com Group from a "buy" rating to a "hold" rating in a research report on Tuesday, October 8th. TD Cowen reduced their price target on Trip.com Group from $63.00 to $56.00 and set a "buy" rating for the company in a research report on Tuesday, August 27th. Sanford C. Bernstein initiated coverage on Trip.com Group in a report on Monday. They set an "outperform" rating and a $85.00 price objective on the stock. Finally, StockNews.com cut Trip.com Group from a "buy" rating to a "hold" rating in a research report on Tuesday, August 13th. Five research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $66.89.

Trip.com Group Stock Performance

Shares of NASDAQ TCOM traded down $3.03 during mid-day trading on Friday, reaching $65.40. 2,254,228 shares of the company were exchanged, compared to its average volume of 4,056,839. The stock has a market capitalization of $42.12 billion, a P/E ratio of 23.93 and a beta of 0.39. 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's 50-day simple moving average is $57.03 and its 200-day simple moving average is $51.44. Trip.com Group Limited has a twelve month low of $31.55 and a twelve month high of $69.67.

Trip.com Group (NASDAQ:TCOM - Get Free Report) last posted its quarterly earnings results on Monday, August 26th. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.80 billion. As a group, research analysts predict that Trip.com Group Limited will post 2.93 earnings per share for the current year.

About Trip.com Group

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.