DRW Securities LLC Buys New Position in Trip.com Group Limited (NASDAQ:TCOM)

DRW Securities LLC acquired a new position in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 21,739 shares of the company's stock, valued at approximately $1,292,000.

Other institutional investors also recently modified their holdings of the company. Fifth Third Bancorp lifted its position in Trip.com Group by 1,188.0% in the second 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 last quarter. Hilltop National Bank boosted its position in Trip.com Group by 322.1% during the 2nd quarter. Hilltop National Bank now owns 1,148 shares of the company's stock valued at $54,000 after buying an additional 876 shares during the period. Benjamin F. Edwards & Company Inc. grew its holdings in 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 acquiring an additional 489 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Trip.com Group during the 2nd quarter valued at approximately $66,000. Finally, Whittier Trust Co. of Nevada Inc. bought a new stake in shares of Trip.com Group during the second quarter valued at approximately $74,000. 35.41% of the stock is currently owned by institutional investors.

Trip.com Group Stock Performance

Shares of TCOM stock traded down $1.63 during mid-day trading on Tuesday, hitting $62.90. The stock had a trading volume of 3,275,107 shares, compared to its average volume of 4,030,686. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.42 and a quick ratio of 1.42. The firm has a market cap of $40.51 billion, a PE ratio of 18.83, a PEG ratio of 1.08 and a beta of 0.39. Trip.com Group Limited has a fifty-two week low of $32.42 and a fifty-two week high of $69.67. The company's 50-day simple moving average is $61.65 and its 200-day simple moving average is $52.67.

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, beating analysts' consensus estimates of $0.65 by $0.22. The business had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.80 billion. Trip.com Group had a net margin of 31.86% and a return on equity of 12.04%. Sell-side analysts anticipate that Trip.com Group Limited will post 2.93 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have commented on TCOM. Mizuho boosted their target price on Trip.com Group from $65.00 to $78.00 and gave the stock an "outperform" rating in a report on Tuesday, November 12th. 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 report on Tuesday, November 19th. StockNews.com upgraded shares of Trip.com Group from a "hold" rating to a "buy" rating in a research note on Wednesday, November 20th. Benchmark increased their target price 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. Finally, Sanford C. Bernstein assumed coverage on shares of Trip.com Group in a report on Monday, November 4th. They issued an "outperform" rating and a $85.00 target price for the company. Eleven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Trip.com Group currently has a consensus rating of "Buy" and an average target price of $74.18.

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.