Trip.com Group Limited (NASDAQ:TCOM) Shares Bought by Fisher Asset Management LLC

Fisher Asset Management LLC raised its stake in Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 6.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,961,009 shares of the company's stock after acquiring an additional 170,890 shares during the period. Fisher Asset Management LLC owned approximately 0.46% of Trip.com Group worth $175,973,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of TCOM. Fifth Third Bancorp raised its stake in Trip.com Group by 1,188.0% during 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 in the last quarter. Hilltop National Bank grew its position in Trip.com Group by 322.1% in the second quarter. Hilltop National Bank now owns 1,148 shares of the company's stock worth $54,000 after acquiring an additional 876 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its stake in Trip.com Group by 72.3% during the second 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 stake in shares of Trip.com Group in the 2nd quarter valued at approximately $66,000. Finally, Whittier Trust Co. of Nevada Inc. purchased a new stake in Trip.com Group during the 2nd quarter valued at $74,000. Hedge funds and other institutional investors own 35.41% of the company's stock.

Trip.com Group Stock Down 2.5 %

Shares of NASDAQ TCOM traded down $1.63 during mid-day trading on Tuesday, reaching $62.90. 3,275,107 shares of the company were exchanged, compared to its average volume of 4,030,686. Trip.com Group Limited has a 1 year low of $32.42 and a 1 year high of $69.67. The firm has a 50-day moving average of $61.32 and a 200 day moving average of $52.60. The stock has a market cap of $40.51 billion, a price-to-earnings ratio of 18.85, a P/E/G ratio of 1.08 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.

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

Wall Street Analyst Weigh In

A number of research firms have weighed in on TCOM. Macquarie boosted their price objective on shares of Trip.com Group from $75.40 to $80.80 and gave the company an "outperform" rating in a research report on Wednesday, November 20th. Mizuho increased their price objective on shares of Trip.com Group from $65.00 to $78.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 12th. StockNews.com upgraded Trip.com Group from a "hold" rating to a "buy" rating in a research report on Wednesday, November 20th. Sanford C. Bernstein began coverage on Trip.com Group in a research report on Monday, November 4th. They issued an "outperform" rating and a $85.00 price objective on the stock. Finally, HSBC upgraded shares of Trip.com Group from a "hold" rating to a "buy" rating and set a $75.00 target price on the stock in a research note on Tuesday, November 19th. 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. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target 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.