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

Fmr LLC increased its position in shares of Trip.com Group Limited (NASDAQ:TCOM) by 32.8% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 11,123,783 shares of the company’s stock after purchasing an additional 2,749,365 shares during the period. Fmr LLC’s holdings in Trip.com Group were worth $661,086,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the business. Fifth Third Bancorp grew its holdings in shares of Trip.com Group by 1,188.0% during the second quarter. Fifth Third Bancorp now owns 1,069 shares of the company’s stock valued at $50,000 after purchasing an additional 986 shares during the last quarter. Hilltop National Bank boosted its position in Trip.com Group by 322.1% during 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 during the period. Benjamin F. Edwards & Company Inc. grew its stake in 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 buying an additional 489 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Trip.com Group in the second quarter worth $66,000. Finally, Whittier Trust Co. of Nevada Inc. bought a new stake in Trip.com Group in the second quarter valued at $74,000. Institutional investors and hedge funds own 35.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on TCOM shares. Mizuho upped their price target on shares of Trip.com Group from $65.00 to $78.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. StockNews.com upgraded shares of Trip.com Group from a “hold” rating to a “buy” rating in a research note on Wednesday, November 20th. Barclays lifted their price target on Trip.com Group from $76.00 to $84.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. TD Cowen increased their price objective on Trip.com Group from $56.00 to $71.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Finally, HSBC raised Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a research note on Tuesday, November 19th. Eleven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $74.18.

Trip.com Group Price Performance

Shares of Trip.com Group stock opened at $63.80 on Friday. Trip.com Group Limited has a 52 week low of $32.42 and a 52 week high of $69.67. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.14. The company’s 50-day moving average price is $62.32 and its two-hundred day moving average price is $52.82. The stock 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 earnings results on Monday, August 26th. The company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.65 by $0.22. The business had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.80 billion. Trip.com Group had a net margin of 31.86% and a return on equity of 12.04%. As a group, sell-side analysts anticipate that Trip.com Group Limited will post 3.29 EPS 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.