E Fund Management Hong Kong Co. Ltd. Acquires 14,612 Shares of Trip.com Group Limited (NASDAQ:TCOM)

E Fund Management Hong Kong Co. Ltd. increased its position in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 79.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,062 shares of the company's stock after acquiring an additional 14,612 shares during the quarter. Trip.com Group comprises approximately 1.2% of E Fund Management Hong Kong Co. Ltd.'s investment portfolio, making the stock its 17th biggest holding. E Fund Management Hong Kong Co. Ltd.'s holdings in Trip.com Group were worth $1,965,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of TCOM. Van ECK Associates Corp bought a new position in Trip.com Group in the first quarter valued at approximately $3,000,000. Private Advisor Group LLC bought a new position in Trip.com Group in the first quarter valued at approximately $423,000. Janney Montgomery Scott LLC bought a new position in Trip.com Group in the first quarter valued at approximately $740,000. Nordea Investment Management AB lifted its stake in Trip.com Group by 12.7% in the first quarter. Nordea Investment Management AB now owns 1,327,429 shares of the company's stock valued at $58,818,000 after buying an additional 149,563 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S lifted its stake in Trip.com Group by 58.5% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 80,829 shares of the company's stock valued at $3,548,000 after buying an additional 29,829 shares in the last quarter. Institutional investors own 35.41% of the company's stock.

Analyst Upgrades and Downgrades

TCOM has been the topic of a number of recent research reports. StockNews.com downgraded shares of Trip.com Group from a "buy" rating to a "hold" rating in a report on Tuesday, August 13th. 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. Macquarie upgraded shares of Trip.com Group to a "strong-buy" rating in a report on Monday, October 7th. Benchmark reiterated a "buy" rating and issued a $72.00 price objective on shares of Trip.com Group in a report on Tuesday, August 27th. Finally, HSBC downgraded shares of Trip.com Group from a "buy" rating to a "hold" rating in a report on Tuesday, October 8th. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $64.63.

Trip.com Group Stock Down 1.0 %

TCOM traded down $0.66 during trading on Thursday, reaching $64.40. 2,604,216 shares of the stock were exchanged, compared to its average volume of 4,082,943. The stock has a market cap of $41.48 billion, a P/E ratio of 22.52 and a beta of 0.41. Trip.com Group Limited has a twelve month low of $31.55 and a twelve month high of $69.67. The stock's 50 day moving average price is $55.21 and its two-hundred day moving average price is $50.91. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.32 and a current ratio of 1.32.

Trip.com Group (NASDAQ:TCOM - Get Free Report) last released its quarterly earnings data 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 28.78% and a return on equity of 11.52%. The firm had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.80 billion. Equities 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.