SG Americas Securities LLC Boosts Stock Holdings in Trip.com Group Limited (NASDAQ:TCOM)

SG Americas Securities LLC grew its stake in Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 1,917.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 351,081 shares of the company's stock after purchasing an additional 333,683 shares during the quarter. SG Americas Securities LLC owned approximately 0.05% of Trip.com Group worth $20,865,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Crossmark Global Holdings Inc. increased its stake in Trip.com Group by 105.1% during the 4th quarter. Crossmark Global Holdings Inc. now owns 59,624 shares of the company's stock worth $2,147,000 after buying an additional 30,560 shares in the last quarter. CenterBook Partners LP purchased a new stake in shares of Trip.com Group during the fourth quarter worth approximately $762,000. Prudential PLC raised its stake in Trip.com Group by 22.0% in the 4th quarter. Prudential PLC now owns 15,923 shares of the company's stock valued at $573,000 after purchasing an additional 2,873 shares during the last quarter. Barometer Capital Management Inc. acquired a new position in Trip.com Group in the 4th quarter valued at $122,000. Finally, Coatue Management LLC lifted its holdings in Trip.com Group by 312.0% in the 4th quarter. Coatue Management LLC now owns 514,396 shares of the company's stock valued at $18,523,000 after purchasing an additional 389,557 shares in the last quarter. Hedge funds and other institutional investors own 35.41% of the company's stock.

Trip.com Group Trading Up 5.9 %

TCOM traded up $3.80 during trading hours on Friday, reaching $68.43. The company's stock had a trading volume of 8,154,881 shares, compared to its average volume of 4,045,486. The business's 50-day moving average is $47.38 and its 200-day moving average is $48.85. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.32 and a quick ratio of 1.32. The stock has a market cap of $44.08 billion, a PE ratio of 30.82 and a beta of 0.40. Trip.com Group Limited has a fifty-two week low of $31.55 and a fifty-two week high of $69.67.

Trip.com Group (NASDAQ:TCOM - Get Free Report) last announced 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. The business had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.80 billion. Trip.com Group had a return on equity of 11.52% and a net margin of 28.78%. As a group, equities research analysts predict that Trip.com Group Limited will post 2.88 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on TCOM shares. StockNews.com cut shares of Trip.com Group from a "buy" rating to a "hold" rating in a research report on Tuesday, August 13th. Benchmark reissued a "buy" rating and issued a $72.00 target price on shares of Trip.com Group in a research note on Tuesday, August 27th. Finally, TD Cowen dropped their price target on Trip.com Group from $63.00 to $56.00 and set a "buy" rating for the company in a research report on Tuesday, August 27th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $62.50.

About Trip.com Group

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.