Trip.com Group Limited (NASDAQ:TCOM) Shares Acquired by Valliance Asset Management Ltd

Valliance Asset Management Ltd raised its stake in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 745.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 702,600 shares of the company's stock after purchasing an additional 619,500 shares during the quarter. Trip.com Group comprises 50.9% of Valliance Asset Management Ltd's holdings, making the stock its biggest position. Valliance Asset Management Ltd owned approximately 0.11% of Trip.com Group worth $41,756,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Principal Financial Group Inc. increased its holdings in shares of Trip.com Group by 139.9% in the third quarter. Principal Financial Group Inc. now owns 131,407 shares of the company's stock valued at $7,810,000 after purchasing an additional 76,624 shares during the period. M&G PLC increased its holdings in Trip.com Group by 99.3% in the 3rd quarter. M&G PLC now owns 332,071 shares of the company's stock worth $19,592,000 after buying an additional 165,419 shares during the period. QRG Capital Management Inc. raised its position in Trip.com Group by 5.0% during the 3rd quarter. QRG Capital Management Inc. now owns 14,465 shares of the company's stock worth $860,000 after buying an additional 693 shares during the last quarter. Veritas Asset Management LLP purchased a new position in Trip.com Group during the 3rd quarter worth approximately $939,000. Finally, Van ECK Associates Corp lifted its stake in Trip.com Group by 27.7% during the 3rd quarter. Van ECK Associates Corp now owns 142,745 shares of the company's stock valued at $8,770,000 after acquiring an additional 30,988 shares during the period. 35.41% of the stock is currently owned by institutional investors and hedge funds.

Trip.com Group Trading Down 4.3 %

Shares of TCOM stock traded down $2.95 during trading on Friday, hitting $65.48. 3,129,428 shares of the stock traded hands, compared to its average volume of 4,060,866. Trip.com Group Limited has a 52-week low of $31.55 and a 52-week high of $69.67. The firm has a market capitalization of $42.18 billion, a P/E ratio of 22.90 and a beta of 0.39. The firm's fifty day moving average price is $57.46 and its 200-day moving average price is $51.56. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.32 and a quick ratio of 1.32.

Trip.com Group (NASDAQ:TCOM - Get Free Report) last issued its quarterly earnings data on Monday, August 26th. The company reported $0.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 return on equity of 11.52% and a net margin of 28.78%. As a group, research analysts forecast that Trip.com Group Limited will post 2.93 earnings per share for the current fiscal year.

Analyst Ratings Changes

TCOM has been the subject of several recent research reports. Sanford C. Bernstein initiated coverage on shares of Trip.com Group in a report on Monday. They set an "outperform" rating and a $85.00 target price for the company. Benchmark reiterated a "buy" rating and set a $72.00 price objective on shares of Trip.com Group 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. Citigroup raised 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. Finally, Macquarie raised 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, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $66.89.

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.