Van ECK Associates Corp Buys 30,988 Shares of Trip.com Group Limited (NASDAQ:TCOM)

Van ECK Associates Corp boosted its holdings in Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 27.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 142,745 shares of the company's stock after acquiring an additional 30,988 shares during the quarter. Van ECK Associates Corp's holdings in Trip.com Group were worth $8,770,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in TCOM. Fifth Third Bancorp lifted its holdings in Trip.com Group by 1,188.0% during the 2nd quarter. Fifth Third Bancorp now owns 1,069 shares of the company's stock valued at $50,000 after purchasing an additional 986 shares during the last quarter. Hilltop National Bank raised its position 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 last quarter. Benjamin F. Edwards & Company Inc. grew its position in shares of Trip.com Group by 72.3% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,165 shares of the company's stock valued at $55,000 after purchasing an additional 489 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Trip.com Group in the second quarter valued at about $66,000. Finally, Whittier Trust Co. of Nevada Inc. acquired a new stake in Trip.com Group in the 2nd quarter valued at $74,000. Institutional investors and hedge funds own 35.41% of the company's stock.

Trip.com Group Stock Performance

Shares of Trip.com Group stock traded up $1.77 during trading on Thursday, reaching $68.83. The company's stock had a trading volume of 2,457,847 shares, compared to its average volume of 4,059,108. Trip.com Group Limited has a 52 week low of $31.55 and a 52 week 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 business's 50-day moving average price is $57.03 and its 200-day moving average price is $51.44. The firm has a market cap of $44.33 billion, a PE ratio of 23.89 and a beta of 0.39.

Trip.com Group (NASDAQ:TCOM - Get Free Report) last issued its quarterly earnings results on Monday, August 26th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.22. The business had revenue of $1.76 billion during the quarter, compared to analysts' expectations of $1.80 billion. Trip.com Group had a return on equity of 11.52% and a net margin of 28.78%. Equities analysts forecast that Trip.com Group Limited will post 2.93 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently commented on TCOM shares. Citigroup increased their price target on Trip.com Group from $66.00 to $72.00 and gave the company a "buy" rating in a research report on Thursday, October 10th. StockNews.com downgraded shares of Trip.com Group from a "buy" rating to a "hold" rating in a research report on Tuesday, August 13th. Sanford C. Bernstein initiated coverage on shares of Trip.com Group in a report on Monday. They issued an "outperform" rating and a $85.00 target price on the stock. Benchmark reiterated a "buy" rating and set a $72.00 price target on shares of Trip.com Group in a report on Tuesday, August 27th. Finally, Macquarie raised Trip.com Group to a "strong-buy" rating in a research report on Monday, October 7th. Five investment 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. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $66.89.

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.