B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 116,036 shares of the company's stock, valued at approximately $6,896,000.
A number of other institutional investors also recently modified their holdings of TCOM. Atlas Capital Advisors LLC raised its holdings in Trip.com Group by 115.7% during the second quarter. Atlas Capital Advisors LLC now owns 3,628 shares of the company's stock worth $171,000 after buying an additional 1,946 shares during the last quarter. LMR Partners LLP bought a new stake in shares of Trip.com Group in the 3rd quarter worth $18,435,000. Bayesian Capital Management LP bought a new stake in shares of Trip.com Group in the 1st quarter worth $742,000. Central Asset Investments & Management Holdings HK Ltd bought a new stake in shares of Trip.com Group in the 3rd quarter worth $2,615,000. Finally, Varma Mutual Pension Insurance Co bought a new stake in shares of Trip.com Group in the 2nd quarter worth $2,914,000. Institutional investors and hedge funds own 35.41% of the company's stock.
Wall Street Analysts Forecast Growth
Several analysts have recently issued reports on TCOM shares. TD Cowen upped their target price on shares of Trip.com Group from $56.00 to $71.00 and gave the stock a "buy" rating in a research note on Tuesday. Benchmark increased their price target on shares of Trip.com Group from $72.00 to $80.00 and gave the company a "buy" rating in a research report on Tuesday. HSBC upgraded shares of Trip.com Group from a "hold" rating to a "buy" rating and set a $75.00 price target for the company in a research report on Tuesday. Citigroup increased their price target on shares of Trip.com Group from $66.00 to $72.00 and gave the company a "buy" rating in a research report 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 research report on Tuesday, October 8th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, Trip.com Group presently has an average rating of "Moderate Buy" and an average target price of $74.18.
View Our Latest Report on TCOM
Trip.com Group Price Performance
Shares of Trip.com Group stock traded up $2.05 on Wednesday, reaching $64.79. The stock had a trading volume of 4,488,373 shares, compared to its average volume of 4,046,274. Trip.com Group Limited has a 1 year low of $31.55 and a 1 year high of $69.67. The company has a market cap of $41.73 billion, a P/E ratio of 19.40 and a beta of 0.39. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.15. The business's 50 day moving average is $60.28 and its two-hundred day moving average is $52.37.
Trip.com Group (NASDAQ:TCOM - Get Free Report) last announced its quarterly earnings results on Monday, August 26th. The company reported $0.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 firm had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.80 billion. As a group, research analysts anticipate that Trip.com Group Limited will post 2.93 EPS for the current year.
Trip.com Group Company Profile
(
Free Report)
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.
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