Citigroup Inc. raised its position in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 45.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 310,154 shares of the company's stock after acquiring an additional 97,067 shares during the period. Citigroup Inc.'s holdings in Trip.com Group were worth $18,432,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of the company. 1832 Asset Management L.P. lifted its stake in shares of Trip.com Group by 4,800.0% in the second quarter. 1832 Asset Management L.P. now owns 1,399,298 shares of the company's stock valued at $65,767,000 after buying an additional 1,370,741 shares during the period. Marshall Wace LLP raised its position in Trip.com Group by 89.6% in the second quarter. Marshall Wace LLP now owns 1,703,234 shares of the company's stock worth $80,052,000 after purchasing an additional 804,885 shares in the last quarter. New York State Common Retirement Fund raised its position in Trip.com Group by 155.1% in the third quarter. New York State Common Retirement Fund now owns 1,145,863 shares of the company's stock worth $68,099,000 after purchasing an additional 696,766 shares in the last quarter. Cantillon Capital Management LLC raised 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 worth $289,328,000 after purchasing an additional 629,508 shares in the last quarter. Finally, Valliance Asset Management Ltd raised its position in Trip.com Group by 745.5% in the third quarter. Valliance Asset Management Ltd now owns 702,600 shares of the company's stock worth $41,756,000 after purchasing an additional 619,500 shares in the last quarter. 35.41% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
TCOM has been the subject of several recent research reports. Citigroup increased their price target on shares of Trip.com Group from $66.00 to $72.00 and gave the stock a "buy" rating in a research report on Thursday, October 10th. Barclays raised their price objective on shares of Trip.com Group from $76.00 to $84.00 and gave the stock an "overweight" rating in a report on Wednesday, November 20th. StockNews.com raised shares of Trip.com Group from a "hold" rating to a "buy" rating in a report on Wednesday, November 20th. Sanford C. Bernstein assumed coverage on shares of Trip.com Group in a report on Monday, November 4th. They set an "outperform" rating and a $85.00 price objective for the company. Finally, Benchmark raised their price objective on shares of Trip.com Group from $72.00 to $80.00 and gave the stock a "buy" rating in a report on Tuesday, November 19th. Eleven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $74.18.
Check Out Our Latest Research Report on Trip.com Group
Trip.com Group Trading Up 1.4 %
TCOM stock traded up $0.90 during midday trading on Wednesday, reaching $63.80. The company's stock had a trading volume of 3,504,456 shares, compared to its average volume of 4,029,260. Trip.com Group Limited has a 52 week low of $32.42 and a 52 week high of $69.67. The stock has a market cap of $41.09 billion, a PE ratio of 19.10, a price-to-earnings-growth ratio of 0.97 and a beta of 0.39. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.14. The business's 50-day simple moving average is $61.99 and its 200-day simple moving average is $52.74.
Trip.com Group (NASDAQ:TCOM - Get Free Report) last announced its quarterly earnings data on Monday, August 26th. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.65 by $0.22. Trip.com Group had a net margin of 31.86% and a return on equity of 12.04%. The firm had revenue of $1.76 billion for the quarter, compared to analysts' expectations of $1.80 billion. As a group, sell-side analysts expect that Trip.com Group Limited will post 3.29 EPS for the current year.
Trip.com Group Profile
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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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