Trip.com Group Limited (NASDAQ:TCOM) Shares Acquired by China Universal Asset Management Co. Ltd.

China Universal Asset Management Co. Ltd. lifted its position in Trip.com Group Limited (NASDAQ:TCOM) by 31.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 63,199 shares of the company’s stock after purchasing an additional 15,299 shares during the quarter. China Universal Asset Management Co. Ltd.’s holdings in Trip.com Group were worth $3,756,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. CWM LLC boosted its holdings in shares of Trip.com Group by 10.4% in the third quarter. CWM LLC now owns 2,327 shares of the company’s stock valued at $138,000 after acquiring an additional 220 shares during the period. QRG Capital Management Inc. grew its position in Trip.com Group by 2.6% during the 2nd quarter. QRG Capital Management Inc. now owns 13,772 shares of the company’s stock worth $647,000 after purchasing an additional 344 shares during the last quarter. Diversified Trust Co grew its position in Trip.com Group by 1.5% during the 1st quarter. Diversified Trust Co now owns 24,686 shares of the company’s stock worth $1,083,000 after purchasing an additional 375 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its stake in Trip.com Group by 0.9% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 40,632 shares of the company’s stock valued at $1,908,000 after purchasing an additional 375 shares during the period. Finally, Creative Planning raised its holdings in shares of Trip.com Group by 1.7% in the third quarter. Creative Planning now owns 25,622 shares of the company’s stock valued at $1,523,000 after buying an additional 423 shares during the last quarter. Hedge funds and other institutional investors own 35.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on TCOM shares. Benchmark restated a “buy” rating and issued a $72.00 price target on shares of Trip.com Group in a research report on Tuesday, August 27th. StockNews.com lowered Trip.com Group from a “buy” rating to a “hold” rating in a report on Tuesday, August 13th. Macquarie raised Trip.com Group to a “strong-buy” rating in a report on Monday, October 7th. HSBC lowered shares of Trip.com Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Finally, Hsbc Global Res cut shares of Trip.com Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 8th. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $64.63.

Trip.com Group Stock Performance

Shares of TCOM opened at $65.07 on Tuesday. The company has a market capitalization of $41.91 billion, a PE ratio of 29.31 and a beta of 0.41. Trip.com Group Limited has a 52-week low of $31.55 and a 52-week high of $69.67. The company has a 50-day simple moving average of $53.86 and a 200-day simple moving average of $50.60. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.15.

Trip.com Group (NASDAQ:TCOM) last posted its quarterly earnings results on Monday, August 26th. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.22. The company had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.80 billion. Trip.com Group had a net margin of 28.78% and a return on equity of 11.52%. Equities research analysts predict that Trip.com Group Limited will post 2.93 earnings per share 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.