AIA Group Ltd increased its stake in Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 43.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 90,449 shares of the company's stock after acquiring an additional 27,236 shares during the period. AIA Group Ltd's holdings in Trip.com Group were worth $3,257,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Nordea Investment Management AB grew its position in shares of Trip.com Group by 1,628.6% in the 4th quarter. Nordea Investment Management AB now owns 1,177,866 shares of the company's stock worth $42,368,000 after acquiring an additional 1,109,727 shares in the last quarter. Sequoia Financial Advisors LLC lifted its holdings in Trip.com Group by 137.7% in the 4th quarter. Sequoia Financial Advisors LLC now owns 35,656 shares of the company's stock valued at $1,284,000 after acquiring an additional 20,654 shares during the last quarter. ANTIPODES PARTNERS Ltd boosted its holdings in Trip.com Group by 112.3% during the fourth quarter. ANTIPODES PARTNERS Ltd now owns 187,989 shares of the company's stock worth $6,769,000 after buying an additional 99,460 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Trip.com Group by 2.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,172,916 shares of the company's stock worth $145,927,000 after acquiring an additional 81,201 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its position in shares of Trip.com Group by 98.2% in the 3rd quarter. Acadian Asset Management LLC now owns 5,438,991 shares of the company's stock valued at $190,164,000 after purchasing an additional 2,695,221 shares during the period. Institutional investors and hedge funds own 35.41% of the company's stock.
Trip.com Group Trading Up 1.0 %
Shares of Trip.com Group stock traded up $0.46 on Thursday, hitting $48.72. The stock had a trading volume of 1,811,260 shares, compared to its average volume of 3,876,148. Trip.com Group Limited has a twelve month low of $30.70 and a twelve month high of $50.63. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.17 and a current ratio of 1.23. The firm has a market capitalization of $31.48 billion, a P/E ratio of 23.54 and a beta of 0.56. The stock has a 50 day moving average of $44.84 and a 200 day moving average of $38.45.
Trip.com Group (NASDAQ:TCOM - Get Free Report) last announced its earnings results on Wednesday, February 21st. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.19 by $0.29. Trip.com Group had a return on equity of 9.35% and a net margin of 22.43%. The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.42 billion. Sell-side analysts expect that Trip.com Group Limited will post 2.54 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several equities analysts have recently commented on TCOM shares. Barclays boosted their price target on shares of Trip.com Group from $56.00 to $60.00 and gave the company an "overweight" rating in a report on Thursday, February 22nd. Citigroup boosted their price target on Trip.com Group from $53.00 to $55.00 and gave the company a "buy" rating in a research note on Monday, April 1st. HSBC lifted their target price on shares of Trip.com Group from $50.00 to $60.00 and gave the company a "buy" rating in a research report on Friday, April 12th. StockNews.com upgraded Trip.com Group from a "hold" rating to a "buy" rating in a research note on Friday, February 23rd. Finally, Benchmark reissued a "buy" rating and issued a $55.00 price objective on shares of Trip.com Group in a research note on Wednesday. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $53.67.
Get Our Latest Report on TCOM
About Trip.com Group
(Free Report)
Trip.com Group Limited 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.
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