Massachusetts Financial Services Co. MA boosted its stake in Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 85.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 395,054 shares of the company's stock after acquiring an additional 182,403 shares during the period. Massachusetts Financial Services Co. MA owned 0.06% of Trip.com Group worth $23,478,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in TCOM. Fifth Third Bancorp increased its position 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 last quarter. Hilltop National Bank boosted its position in shares of 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 acquiring an additional 876 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its holdings in shares of Trip.com Group by 72.3% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,165 shares of the company's stock valued at $55,000 after buying an additional 489 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Trip.com Group during the 2nd quarter valued at $66,000. Finally, Whittier Trust Co. of Nevada Inc. bought a new position in shares of Trip.com Group during the 2nd quarter valued at $74,000. 35.41% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several brokerages have commented on TCOM. 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 price objective for the company. Benchmark raised 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. Citigroup increased their price objective on shares of Trip.com Group from $66.00 to $72.00 and gave the stock a "buy" rating in a research note on Thursday, October 10th. TD Cowen raised their price objective on Trip.com Group from $56.00 to $71.00 and gave the stock a "buy" rating in a research note on Tuesday, November 19th. Finally, Hsbc Global Res upgraded shares of Trip.com Group from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, November 19th. Eleven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $74.18.
Read Our Latest Report on Trip.com Group
Trip.com Group Stock Performance
TCOM stock traded down $1.63 on Tuesday, hitting $62.90. The company's stock had a trading volume of 3,275,107 shares, compared to its average volume of 4,030,686. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.14. The stock has a market cap of $40.51 billion, a price-to-earnings ratio of 18.83, a price-to-earnings-growth ratio of 1.08 and a beta of 0.39. The firm has a 50 day moving average of $61.65 and a two-hundred day moving average of $52.67. Trip.com Group Limited has a 1 year low of $32.42 and a 1 year high of $69.67.
Trip.com Group (NASDAQ:TCOM - Get Free Report) last released its quarterly earnings results on Monday, August 26th. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.22. Trip.com Group had a return on equity of 12.04% and a net margin of 31.86%. The business had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.80 billion. Equities analysts predict that Trip.com Group Limited will post 2.93 EPS for the current fiscal year.
Trip.com Group Company 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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