LMR Partners LLP Takes $18.44 Million Position in Trip.com Group Limited (NASDAQ:TCOM)

LMR Partners LLP purchased a new position in Trip.com Group Limited (NASDAQ:TCOM) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 310,204 shares of the company’s stock, valued at approximately $18,435,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. Capital World Investors boosted its stake in Trip.com Group by 27.5% in the first quarter. Capital World Investors now owns 48,971,654 shares of the company’s stock valued at $2,149,366,000 after acquiring an additional 10,576,028 shares during the last quarter. Capital International Investors increased its position in Trip.com Group by 0.4% in the first quarter. Capital International Investors now owns 7,941,645 shares of the company’s stock worth $348,559,000 after buying an additional 29,768 shares during the last quarter. Kontiki Capital Management HK Ltd. lifted its position in shares of Trip.com Group by 1.9% during the 1st quarter. Kontiki Capital Management HK Ltd. now owns 4,523,780 shares of the company’s stock valued at $198,549,000 after buying an additional 83,200 shares during the last quarter. Ninety One UK Ltd grew its stake in shares of Trip.com Group by 1.3% during the 2nd quarter. Ninety One UK Ltd now owns 2,748,579 shares of the company’s stock worth $129,183,000 after acquiring an additional 36,122 shares during the period. Finally, Marshall Wace LLP raised its stake in Trip.com Group by 89.6% in the 2nd quarter. Marshall Wace LLP now owns 1,703,234 shares of the company’s stock valued at $80,052,000 after acquiring an additional 804,885 shares during the period. Institutional investors own 35.41% of the company’s stock.

Analysts Set New Price Targets

TCOM has been the subject of several recent research reports. Citigroup lifted their target price on shares of Trip.com Group from $66.00 to $72.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Mizuho boosted their target price on shares of Trip.com Group from $65.00 to $78.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. HSBC lowered Trip.com Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 8th. Benchmark reiterated a “buy” rating and set a $72.00 price objective on shares of Trip.com Group in a research note on Tuesday, August 27th. Finally, TD Cowen cut their target price on Trip.com Group from $63.00 to $56.00 and set a “buy” rating for the company in a research note on Tuesday, August 27th. Five investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Trip.com Group presently has an average rating of “Moderate Buy” and a consensus target price of $68.33.

Trip.com Group Stock Down 0.7 %

Shares of NASDAQ TCOM opened at $59.49 on Monday. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.15. The business has a 50-day moving average of $59.33 and a 200-day moving average of $52.14. The firm has a market capitalization of $38.32 billion, a price-to-earnings ratio of 20.80 and a beta of 0.39. Trip.com Group Limited has a 12 month low of $31.55 and a 12 month high of $69.67.

Trip.com Group (NASDAQ:TCOM) last released its quarterly earnings results on Monday, August 26th. The company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.22. The business had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.80 billion. Trip.com Group had a net margin of 28.78% and a return on equity of 11.52%. Sell-side analysts expect that Trip.com Group Limited will post 2.93 earnings per share for the current fiscal year.

Trip.com Group Company 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.