Trip.com Group Limited (NASDAQ:TCOM) Shares Acquired by Hilltop National Bank

Hilltop National Bank increased its position in shares of Trip.com Group Limited (NASDAQ:TCOM) by 322.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,148 shares of the company’s stock after buying an additional 876 shares during the period. Hilltop National Bank’s holdings in Trip.com Group were worth $54,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. AIA Group Ltd increased its stake in shares of Trip.com Group by 22.7% during the first quarter. AIA Group Ltd now owns 110,994 shares of the company’s stock worth $4,872,000 after buying an additional 20,545 shares during the period. Sequoia Financial Advisors LLC increased its stake in Trip.com Group by 137.7% in the fourth quarter. Sequoia Financial Advisors LLC now owns 35,656 shares of the company’s stock valued at $1,284,000 after purchasing an additional 20,654 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S increased its stake in Trip.com Group by 58.5% in 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 purchasing an additional 29,829 shares during the last quarter. Van ECK Associates Corp purchased a new position in Trip.com Group in the first quarter valued at approximately $3,000,000. Finally, OPTIMAS CAPITAL Ltd purchased a new position in Trip.com Group in the first quarter valued at approximately $4,516,000. 35.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TCOM has been the topic of several recent analyst reports. StockNews.com upgraded shares of Trip.com Group from a “hold” rating to a “buy” rating in a research note on Friday, July 19th. Benchmark reiterated a “buy” rating and issued a $72.00 price target on shares of Trip.com Group in a research note on Wednesday, June 12th. CLSA increased their price target on shares of Trip.com Group from $55.00 to $64.00 and gave the company a “buy” rating in a research note on Monday, May 13th. TD Cowen increased their price target on shares of Trip.com Group from $53.00 to $63.00 and gave the company a “buy” rating in a research note on Tuesday, May 21st. Finally, Barclays raised their target price on shares of Trip.com Group from $60.00 to $76.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 22nd. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, Trip.com Group currently has a consensus rating of “Moderate Buy” and an average price target of $63.38.

Trip.com Group Price Performance

Shares of NASDAQ:TCOM traded down $1.23 during midday trading on Wednesday, hitting $40.98. 3,535,966 shares of the stock were exchanged, compared to its average volume of 3,719,964. The stock has a market cap of $26.39 billion, a P/E ratio of 19.01 and a beta of 0.42. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.07. Trip.com Group Limited has a twelve month low of $31.55 and a twelve month high of $58.00. The company has a 50 day moving average price of $47.94 and a 200-day moving average price of $46.72.

Trip.com Group (NASDAQ:TCOM) last released its quarterly earnings results on Monday, May 20th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.21. The business had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.61 billion. Trip.com Group had a return on equity of 10.73% and a net margin of 22.99%. On average, research analysts forecast that Trip.com Group Limited will post 2.78 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.