WT Asset Management Ltd Takes $1.37 Million Position in Trip.com Group Limited (NASDAQ:TCOM)

WT Asset Management Ltd acquired a new position in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 23,100 shares of the company's stock, valued at approximately $1,373,000. Trip.com Group comprises approximately 0.3% of WT Asset Management Ltd's investment portfolio, making the stock its 21st biggest position.

Several other institutional investors and hedge funds have also recently bought and sold shares of TCOM. Fifth Third Bancorp lifted its stake in Trip.com Group by 1,188.0% during the second quarter. Fifth Third Bancorp now owns 1,069 shares of the company's stock worth $50,000 after purchasing an additional 986 shares in the last quarter. Hilltop National Bank lifted its stake in Trip.com Group by 322.1% during the 2nd quarter. Hilltop National Bank now owns 1,148 shares of the company's stock worth $54,000 after acquiring an additional 876 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its holdings in 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 acquiring an additional 489 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Trip.com Group in the 2nd quarter valued at about $66,000. Finally, Whittier Trust Co. of Nevada Inc. purchased a new stake in Trip.com Group during the second quarter worth about $74,000. 35.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on TCOM shares. HSBC lowered shares of Trip.com Group from a "buy" rating to a "hold" rating in a research note on Tuesday, October 8th. StockNews.com downgraded shares of Trip.com Group from a "buy" rating to a "hold" rating in a research note on Tuesday, August 13th. Hsbc Global Res cut Trip.com Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, October 8th. TD Cowen lowered their target price on 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. Finally, Macquarie upgraded Trip.com Group to a "strong-buy" rating in a report on Monday, October 7th. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $64.63.

Trip.com Group Price Performance

Shares of NASDAQ:TCOM traded up $0.79 on Friday, reaching $65.19. 2,987,289 shares of the company were exchanged, compared to its average volume of 4,077,773. 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 Limited has a 1-year low of $31.55 and a 1-year high of $69.67. The company has a 50-day moving average of $55.21 and a 200-day moving average of $50.91. The firm has a market cap of $41.99 billion, a price-to-earnings ratio of 22.65 and a beta of 0.41.

Trip.com Group (NASDAQ:TCOM - Get Free Report) last posted its earnings results on Monday, August 26th. The company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.22. The firm had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.80 billion. Trip.com Group had a net margin of 28.78% and a return on equity of 11.52%. Equities 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.