Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Makes New Investment in Trip.com Group Limited (NASDAQ:TCOM)

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Mitsubishi UFJ Kokusai Asset Management Co. Ltd. acquired a new position in shares of Trip.com Group Limited (NASDAQ:TCOM) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 74,308 shares of the company’s stock, valued at approximately $2,688,000.

Other hedge funds have also recently modified their holdings of the company. Truewealth LLC purchased a new position in shares of Trip.com Group during the fourth quarter worth about $32,000. Lindbrook Capital LLC purchased a new position in shares of Trip.com Group during the fourth quarter worth about $53,000. Parallel Advisors LLC purchased a new position in shares of Trip.com Group during the fourth quarter worth about $60,000. Mercer Capital Advisers Inc. purchased a new position in shares of Trip.com Group during the fourth quarter worth about $67,000. Finally, Steward Partners Investment Advisory LLC purchased a new position in shares of Trip.com Group during the fourth quarter worth about $90,000. 66.19% of the stock is currently owned by institutional investors.

NASDAQ TCOM opened at $33.42 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.02 and a current ratio of 1.02. Trip.com Group Limited has a 52-week low of $28.55 and a 52-week high of $46.50. The business’s 50-day moving average is $34.98. The stock has a market capitalization of $18.48 billion, a price-to-earnings ratio of 38.41, a P/E/G ratio of 1.76 and a beta of 1.65.

Trip.com Group (NASDAQ:TCOM) last released its quarterly earnings results on Wednesday, November 13th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.26. Trip.com Group had a return on equity of 4.31% and a net margin of 11.15%. The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.51 billion. On average, equities analysts forecast that Trip.com Group Limited will post 0.86 EPS for the current year.

Several equities analysts have issued reports on the company. TheStreet raised Trip.com Group from a “d+” rating to a “c” rating in a report on Monday, December 16th. Sanford C. Bernstein lowered Trip.com Group from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $43.00 to $39.00 in a report on Tuesday, January 21st. Zacks Investment Research lowered Trip.com Group from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. HSBC lowered Trip.com Group from a “buy” rating to a “hold” rating in a report on Wednesday, February 5th. Finally, ValuEngine raised Trip.com Group from a “sell” rating to a “hold” rating in a report on Friday, January 24th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $38.33.

Trip.com Group Company Profile

Trip.com Group Limited operates as a travel service provider for accommodation reservation, transportation ticketing, packaged tours, and corporate travel management in China. The company acts as an agent for hotel-related transactions and selling air tickets; and provides other related services, including sale of aviation and train insurance, air-ticket delivery services, online check-in, and other value-added services, such as online seat selection, express security check, and real-time flight status.

Further Reading: What does the Producer Price Index (PPI) tell investors?

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Institutional Ownership by Quarter for Trip.com Group (NASDAQ:TCOM)

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