Trip.com Group Limited (NASDAQ:TCOM) Shares Purchased by China Universal Asset Management Co. Ltd.

China Universal Asset Management Co. Ltd. raised its holdings in Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 31.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 63,199 shares of the company's stock after purchasing an additional 15,299 shares during the quarter. China Universal Asset Management Co. Ltd.'s holdings in Trip.com Group were worth $3,756,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TCOM. Fifth Third Bancorp grew its stake in Trip.com Group by 1,188.0% in the 2nd quarter. Fifth Third Bancorp now owns 1,069 shares of the company's stock valued at $50,000 after acquiring an additional 986 shares during the period. Hilltop National Bank lifted its stake in Trip.com Group by 322.1% in 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 in the last quarter. Benjamin F. Edwards & Company Inc. boosted 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 buying an additional 489 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Trip.com Group during the 2nd quarter worth approximately $66,000. Finally, Whittier Trust Co. of Nevada Inc. acquired a new position in shares of Trip.com Group during the second quarter valued at approximately $74,000. 35.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on TCOM. Citigroup upped their target price on shares of Trip.com Group from $66.00 to $72.00 and gave the stock a "buy" rating in a report on Thursday, October 10th. TD Cowen decreased their target price on shares of Trip.com Group from $63.00 to $56.00 and set a "buy" rating on the stock in a research note on Tuesday, August 27th. HSBC cut Trip.com Group from a "buy" rating to a "hold" rating in a report on Tuesday, October 8th. Hsbc Global Res downgraded shares of Trip.com Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, October 8th. Finally, StockNews.com downgraded Trip.com Group from a "buy" rating to a "hold" rating in a research report on Tuesday, August 13th. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Trip.com Group presently has an average rating of "Moderate Buy" and an average price target of $64.63.

Trip.com Group Stock Down 0.3 %

TCOM stock traded down $0.18 during trading on Tuesday, hitting $64.89. 5,628,037 shares of the company's stock were exchanged, compared to its average volume of 4,091,555. The stock has a market capitalization of $41.79 billion, a price-to-earnings ratio of 29.38 and a beta of 0.41. Trip.com Group Limited has a 52-week low of $31.55 and a 52-week 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. The business has a 50-day moving average price of $53.86 and a two-hundred day moving average price of $50.60.

Trip.com Group (NASDAQ:TCOM - Get Free Report) last issued its earnings results on Monday, August 26th. The company reported $0.87 earnings per share (EPS) for the quarter, beating 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. As a group, equities research analysts expect that Trip.com Group Limited will post 2.93 EPS for the current year.

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.