Trip.com Group Limited (NASDAQ:TCOM) Shares Acquired by Fmr LLC

Fmr LLC raised its stake in shares of Trip.com Group Limited (NASDAQ:TCOM) by 32.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,123,783 shares of the company’s stock after purchasing an additional 2,749,365 shares during the period. Fmr LLC owned 1.73% of Trip.com Group worth $661,086,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Fifth Third Bancorp raised its position in shares of Trip.com Group by 1,188.0% in the 2nd quarter. Fifth Third Bancorp now owns 1,069 shares of the company’s stock worth $50,000 after buying an additional 986 shares during the period. Hilltop National Bank lifted its stake in shares of Trip.com Group by 322.1% in the 2nd quarter. Hilltop National Bank now owns 1,148 shares of the company’s stock valued at $54,000 after purchasing an additional 876 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its holdings in shares of Trip.com Group by 72.3% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,165 shares of the company’s stock worth $55,000 after purchasing an additional 489 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Trip.com Group during the 2nd quarter worth approximately $66,000. Finally, Whittier Trust Co. of Nevada Inc. purchased a new position in Trip.com Group in the second quarter valued at approximately $74,000. Hedge funds and other institutional investors own 35.41% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Benchmark boosted their price objective on shares of Trip.com Group from $72.00 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Barclays upped their price target on shares of Trip.com Group from $76.00 to $84.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. Hsbc Global Res raised Trip.com Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 19th. Citigroup boosted their price objective on Trip.com Group from $66.00 to $72.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Finally, StockNews.com upgraded Trip.com Group from a “hold” rating to a “buy” rating in a research note on Wednesday, November 20th. Eleven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Trip.com Group presently has a consensus rating of “Buy” and an average target price of $74.18.

Trip.com Group Price Performance

Shares of NASDAQ TCOM opened at $63.80 on Friday. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.14. Trip.com Group Limited has a fifty-two week low of $32.42 and a fifty-two week high of $69.67. The business has a 50 day moving average price of $62.32 and a two-hundred day moving average price of $52.82. The firm has a market cap of $41.09 billion, a PE ratio of 19.10, a price-to-earnings-growth ratio of 0.97 and a beta of 0.39.

Trip.com Group (NASDAQ:TCOM) last released its quarterly earnings results on Monday, August 26th. The company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.22. Trip.com Group had a net margin of 31.86% and a return on equity of 12.04%. The business had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.80 billion. Sell-side analysts expect that Trip.com Group Limited will post 3.29 earnings per share for the current fiscal 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.