Central Asset Investments & Management Holdings HK Ltd Purchases New Position in Trip.com Group Limited (NASDAQ:TCOM)

Central Asset Investments & Management Holdings HK Ltd bought a new stake in Trip.com Group Limited (NASDAQ:TCOM - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 44,000 shares of the company's stock, valued at approximately $2,615,000. Trip.com Group accounts for approximately 2.6% of Central Asset Investments & Management Holdings HK Ltd's holdings, making the stock its 13th biggest position.

Other hedge funds have also recently made changes to their positions in the company. Fifth Third Bancorp raised its stake in shares of Trip.com Group by 1,188.0% during the 2nd quarter. Fifth Third Bancorp now owns 1,069 shares of the company's stock valued at $50,000 after purchasing an additional 986 shares during the period. Hilltop National Bank boosted its holdings in shares of Trip.com Group by 322.1% in the 2nd quarter. Hilltop National Bank now owns 1,148 shares of the company's stock worth $54,000 after purchasing an additional 876 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Trip.com Group by 72.3% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,165 shares of the company's stock worth $55,000 after purchasing an additional 489 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Trip.com Group in the 2nd quarter worth about $66,000. Finally, Whittier Trust Co. of Nevada Inc. purchased a new position in shares of Trip.com Group in the 2nd quarter worth about $74,000. 35.41% of the stock is currently owned by institutional investors.

Trip.com Group Trading Down 0.7 %

NASDAQ TCOM traded down $0.44 during trading hours on Friday, hitting $59.49. 2,742,458 shares of the company were exchanged, compared to its average volume of 4,037,194. The stock has a 50-day moving average price of $59.33 and a 200 day moving average price of $52.09. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.15. Trip.com Group Limited has a 52 week low of $31.55 and a 52 week high of $69.67. The stock has a market cap of $38.32 billion, a PE ratio of 20.80 and a beta of 0.39.

Trip.com Group (NASDAQ:TCOM - Get Free Report) last announced its earnings results on Monday, August 26th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.22. Trip.com Group had a return on equity of 11.52% and a net margin of 28.78%. The business had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.80 billion. Analysts forecast that Trip.com Group Limited will post 2.93 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Sanford C. Bernstein assumed coverage on Trip.com Group in a report on Monday, November 4th. They issued an "outperform" rating and a $85.00 price objective for the company. Citigroup raised their price objective on Trip.com Group from $66.00 to $72.00 and gave the company a "buy" rating in a research report on Thursday, October 10th. Benchmark reaffirmed a "buy" rating and set a $72.00 price objective on shares of Trip.com Group in a research report on Tuesday, August 27th. TD Cowen reduced their price objective 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. Finally, HSBC downgraded Trip.com Group from a "buy" rating to a "hold" rating in a research note on Tuesday, October 8th. Five analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Trip.com Group has an average rating of "Moderate Buy" and an average target price of $68.33.

Trip.com Group Company 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.