Hilltop National Bank Boosts Stock Holdings in Trip.com Group Limited (NASDAQ:TCOM)

Hilltop National Bank raised its holdings in shares of Trip.com Group Limited (NASDAQ:TCOM) by 322.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,148 shares of the company’s stock after purchasing an additional 876 shares during the quarter. Hilltop National Bank’s holdings in Trip.com Group were worth $54,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of TCOM. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Trip.com Group by 90.4% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 952 shares of the company’s stock worth $34,000 after acquiring an additional 452 shares during the last quarter. Clarity Asset Management Inc. bought a new stake in Trip.com Group during the 4th quarter valued at about $66,000. Atlas Capital Advisors LLC bought a new stake in Trip.com Group during the 1st quarter valued at about $74,000. Advisors Asset Management Inc. lifted its holdings in Trip.com Group by 29.5% during the 1st quarter. Advisors Asset Management Inc. now owns 2,692 shares of the company’s stock valued at $118,000 after buying an additional 613 shares in the last quarter. Finally, Parallel Advisors LLC lifted its holdings in Trip.com Group by 14.5% during the 4th quarter. Parallel Advisors LLC now owns 3,396 shares of the company’s stock valued at $122,000 after buying an additional 430 shares in the last quarter. Institutional investors own 35.41% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on TCOM shares. TD Cowen lifted their price objective on shares of Trip.com Group from $53.00 to $63.00 and gave the company a “buy” rating in a report on Tuesday, May 21st. Barclays lifted their price objective on shares of Trip.com Group from $60.00 to $76.00 and gave the company an “overweight” rating in a report on Wednesday, May 22nd. Benchmark reiterated a “buy” rating and set a $72.00 price objective on shares of Trip.com Group in a report on Wednesday, June 12th. CLSA raised their target price on shares of Trip.com Group from $55.00 to $64.00 and gave the company a “buy” rating in a research report on Monday, May 13th. Finally, Mizuho raised their target price 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. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Trip.com Group currently has an average rating of “Moderate Buy” and a consensus price target of $63.38.

Trip.com Group Stock Down 2.9 %

Shares of Trip.com Group stock traded down $1.23 on Wednesday, reaching $40.98. The stock had a trading volume of 3,535,966 shares, compared to its average volume of 3,719,964. The company has a 50 day moving average price of $47.94 and a 200 day moving average price of $46.72. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.07. Trip.com Group Limited has a 1 year low of $31.55 and a 1 year high of $58.00. The stock has a market capitalization of $26.39 billion, a P/E ratio of 19.01 and a beta of 0.42.

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

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.