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

Tidal Investments LLC increased its holdings in Trip.com Group Limited (NASDAQ:TCOM) by 698.7% in the first quarter, Holdings Channel.com reports. The firm owned 89,432 shares of the company’s stock after purchasing an additional 78,235 shares during the period. Tidal Investments LLC’s holdings in Trip.com Group were worth $3,925,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. AIA Group Ltd raised its stake in 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 purchasing an additional 20,545 shares during the period. Sequoia Financial Advisors LLC raised its position in shares of Trip.com Group by 137.7% in the 4th quarter. Sequoia Financial Advisors LLC now owns 35,656 shares of the company’s stock worth $1,284,000 after buying an additional 20,654 shares during the period. BI Asset Management Fondsmaeglerselskab A S boosted its holdings 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 acquiring an additional 29,829 shares during the last quarter. Van ECK Associates Corp acquired a new position in Trip.com Group in the first quarter valued at $3,000,000. Finally, OPTIMAS CAPITAL Ltd purchased a new stake in Trip.com Group during the first quarter valued at about $4,516,000. 35.41% of the stock is currently owned by institutional investors and hedge funds.

Trip.com Group Stock Down 4.0 %

NASDAQ:TCOM traded down $1.65 on Friday, reaching $39.49. The stock had a trading volume of 742,049 shares, compared to its average volume of 3,681,068. The company has a 50-day moving average of $48.66 and a 200 day moving average of $46.49. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.07. The stock has a market cap of $25.44 billion, a P/E ratio of 18.53 and a beta of 0.42. Trip.com Group Limited has a 12-month low of $31.55 and a 12-month high of $58.00.

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on TCOM shares. Benchmark restated a “buy” rating and issued a $72.00 price objective on shares of Trip.com Group in a report on Wednesday, June 12th. Mizuho lifted their price target on shares of Trip.com Group from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, May 21st. CLSA boosted their price objective on shares of Trip.com Group from $55.00 to $64.00 and gave the stock a “buy” rating in a research note on Monday, May 13th. Barclays raised their target price on shares of Trip.com Group from $60.00 to $76.00 and gave the company an “overweight” rating in a research note on Wednesday, May 22nd. Finally, StockNews.com raised shares of Trip.com Group from a “hold” rating to a “buy” rating in a research report on Friday, July 19th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $63.38.

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.