M&G Plc Has $19.59 Million Position in Trip.com Group Limited (NASDAQ:TCOM)

M&G PLC grew its position in Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 99.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 332,071 shares of the company's stock after purchasing an additional 165,419 shares during the period. M&G PLC owned approximately 0.05% of Trip.com Group worth $19,592,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of TCOM. QRG Capital Management Inc. lifted its stake in Trip.com Group by 5.0% in the 3rd quarter. QRG Capital Management Inc. now owns 14,465 shares of the company's stock valued at $860,000 after acquiring an additional 693 shares in the last quarter. Veritas Asset Management LLP bought a new stake in shares of Trip.com Group in the third quarter worth $939,000. Van ECK Associates Corp boosted its holdings in Trip.com Group by 27.7% during the third quarter. Van ECK Associates Corp now owns 142,745 shares of the company's stock worth $8,770,000 after purchasing an additional 30,988 shares during the last quarter. WT Asset Management Ltd bought a new position in Trip.com Group in the third quarter valued at $1,373,000. Finally, New York State Common Retirement Fund increased its stake in Trip.com Group by 155.1% in the 3rd quarter. New York State Common Retirement Fund now owns 1,145,863 shares of the company's stock valued at $68,099,000 after buying an additional 696,766 shares during the last quarter. 35.41% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TCOM has been the subject of several analyst reports. Hsbc Global Res cut Trip.com Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, October 8th. HSBC lowered Trip.com Group from a "buy" rating to a "hold" rating in a research report on Tuesday, October 8th. Sanford C. Bernstein began coverage on Trip.com Group in a report on Monday. They issued an "outperform" rating and a $85.00 price objective for the company. Macquarie upgraded shares of Trip.com Group to a "strong-buy" rating in a report on Monday, October 7th. Finally, TD Cowen cut their price target on shares of Trip.com Group from $63.00 to $56.00 and set a "buy" rating for the company in a research note on Tuesday, August 27th. Five investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $66.89.

Trip.com Group Stock Performance

TCOM stock traded down $2.96 during trading hours on Friday, hitting $65.47. 1,682,155 shares of the stock were exchanged, compared to its average volume of 4,054,203. The company has a 50-day simple moving average of $57.03 and a two-hundred day simple moving average of $51.44. The firm has a market capitalization of $42.17 billion, a P/E ratio of 23.93 and a beta of 0.39. Trip.com Group Limited has a 12 month low of $31.55 and a 12 month high of $69.67. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.15.

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

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.