New York State Common Retirement Fund Has $68.10 Million Stock Position in Trip.com Group Limited (NASDAQ:TCOM)

New York State Common Retirement Fund raised its position in Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 155.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,145,863 shares of the company's stock after buying an additional 696,766 shares during the quarter. New York State Common Retirement Fund owned approximately 0.18% of Trip.com Group worth $68,099,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Fifth Third Bancorp increased 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 buying an additional 986 shares during the period. Hilltop National Bank increased its stake in shares of Trip.com Group by 322.1% during the second quarter. Hilltop National Bank now owns 1,148 shares of the company's stock worth $54,000 after acquiring an additional 876 shares during the period. Benjamin F. Edwards & Company Inc. raised its holdings in Trip.com Group by 72.3% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,165 shares of the company's stock worth $55,000 after purchasing an additional 489 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Trip.com Group in the second quarter valued at about $66,000. Finally, Whittier Trust Co. of Nevada Inc. purchased a new stake in Trip.com Group in the 2nd quarter valued at approximately $74,000. 35.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on TCOM. Benchmark reaffirmed a "buy" rating and set a $72.00 price objective on shares of Trip.com Group in a report on Tuesday, August 27th. StockNews.com cut shares of Trip.com Group from a "buy" rating to a "hold" rating in a research note on Tuesday, August 13th. Macquarie upgraded shares of Trip.com Group to a "strong-buy" rating in a research note on Monday, October 7th. TD Cowen lowered 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 report on Tuesday, August 27th. Finally, HSBC downgraded shares of Trip.com Group from a "buy" rating to a "hold" rating in a research report on Tuesday, October 8th. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $64.63.

Trip.com Group Stock Up 1.2 %

Shares of Trip.com Group stock traded up $0.79 during midday trading on Friday, hitting $65.19. The company's stock had a trading volume of 2,987,709 shares, compared to its average volume of 4,077,773. Trip.com Group Limited has a 1-year low of $31.55 and a 1-year high of $69.67. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $41.99 billion, a P/E ratio of 22.79 and a beta of 0.39. The stock has a 50-day simple moving average of $55.67 and a 200-day simple moving average of $51.04.

Trip.com Group (NASDAQ:TCOM - Get Free Report) last released its quarterly earnings data 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. 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 analyst estimates of $1.80 billion. As a group, sell-side analysts expect that Trip.com Group Limited will post 2.93 earnings per share for the current 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.