Veritas Asset Management LLP Takes Position in Trip.com Group Limited (NASDAQ:TCOM)

Veritas Asset Management LLP acquired a new position in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 15,807 shares of the company's stock, valued at approximately $939,000.

Several other hedge funds have also recently added to or reduced their stakes in TCOM. Van ECK Associates Corp bought a new stake in shares of Trip.com Group during the first quarter valued at approximately $3,000,000. Private Advisor Group LLC acquired a new position in shares of Trip.com Group in the 1st quarter worth approximately $423,000. Janney Montgomery Scott LLC bought a new position in shares of Trip.com Group during the 1st quarter worth approximately $740,000. Nordea Investment Management AB raised its stake in Trip.com Group by 12.7% during the first quarter. Nordea Investment Management AB now owns 1,327,429 shares of the company's stock worth $58,818,000 after acquiring an additional 149,563 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S lifted its holdings in shares of Trip.com Group by 58.5% during 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 acquiring an additional 29,829 shares during the period. Institutional investors own 35.41% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on TCOM. StockNews.com lowered shares of Trip.com Group from a "buy" rating to a "hold" rating in a research report on Tuesday, August 13th. Citigroup boosted their target price on Trip.com Group from $66.00 to $72.00 and gave the stock a "buy" rating in a report on Thursday, October 10th. Hsbc Global Res cut Trip.com Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, October 8th. TD Cowen cut their price objective 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. Finally, HSBC cut 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 given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $64.63.

Trip.com Group Trading Up 1.2 %

NASDAQ TCOM traded up $0.79 on Friday, reaching $65.19. The company had a trading volume of 2,987,709 shares, compared to its average volume of 4,642,496. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.15. Trip.com Group Limited has a 52 week low of $31.55 and a 52 week high of $69.67. The stock has a market cap of $41.99 billion, a price-to-earnings ratio of 22.79 and a beta of 0.39. The stock's 50 day moving average is $55.67 and its 200-day moving average is $51.05.

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 analysts' consensus estimates 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. Equities analysts predict that Trip.com Group Limited will post 2.93 earnings per share for the current year.

Trip.com Group 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.