XY Capital Ltd Acquires New Shares in Trip.com Group Limited (NASDAQ:TCOM)

XY Capital Ltd bought a new stake in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 325,688 shares of the company's stock, valued at approximately $19,356,000. Trip.com Group makes up 6.6% of XY Capital Ltd's portfolio, making the stock its 2nd largest position. XY Capital Ltd owned approximately 0.05% of Trip.com Group as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Atlas Capital Advisors LLC increased its holdings in shares of Trip.com Group by 115.7% during the 2nd quarter. Atlas Capital Advisors LLC now owns 3,628 shares of the company's stock valued at $171,000 after acquiring an additional 1,946 shares during the last quarter. Janney Montgomery Scott LLC acquired a new stake in shares of Trip.com Group in the first quarter valued at approximately $740,000. Bayesian Capital Management LP bought a new stake in shares of Trip.com Group during the first quarter worth approximately $742,000. M&G Plc acquired a new stake in shares of Trip.com Group in the 1st quarter valued at approximately $14,498,000. Finally, Varma Mutual Pension Insurance Co bought a new stake in shares of Trip.com Group in the second quarter worth about $2,914,000. Institutional investors and hedge funds own 35.41% of the company's stock.

Trip.com Group Stock Down 4.3 %

Shares of TCOM traded down $2.95 during trading hours on Friday, reaching $65.48. The stock had a trading volume of 3,129,892 shares, compared to its average volume of 3,556,972. The company has a market capitalization of $42.18 billion, a price-to-earnings ratio of 22.90 and a beta of 0.39. The firm has a 50-day simple moving average of $57.83 and a 200 day simple moving average of $51.67. Trip.com Group Limited has a 12 month low of $31.55 and a 12 month high of $69.67. 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 (NASDAQ:TCOM - Get Free Report) last posted its quarterly earnings data on Monday, August 26th. The company reported $0.87 EPS 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 analyst estimates of $1.80 billion. Trip.com Group had a net margin of 28.78% and a return on equity of 11.52%. Equities research analysts predict that Trip.com Group Limited will post 2.93 earnings per share for the current fiscal year.

Analyst Ratings Changes

TCOM has been the topic of a number of recent research reports. Citigroup lifted their target price 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. Hsbc Global Res cut Trip.com Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, October 8th. Macquarie upgraded shares of Trip.com Group to a "strong-buy" rating in a research note on Monday, October 7th. Sanford C. Bernstein started coverage on Trip.com Group in a report on Monday, November 4th. They set an "outperform" rating and a $85.00 target price on the stock. Finally, TD Cowen decreased their target price on 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. Five research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Trip.com Group currently has a consensus rating of "Moderate Buy" and a consensus target price 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.