B. Metzler seel. Sohn & Co. Holding AG Purchases Shares of 116,036 Trip.com Group Limited (NASDAQ:TCOM)

B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Trip.com Group Limited (NASDAQ:TCOM) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 116,036 shares of the company’s stock, valued at approximately $6,896,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Mitsubishi UFJ Trust & Banking Corp boosted its holdings 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 acquiring an additional 375 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its holdings in shares of Trip.com Group by 10.5% during the first quarter. O Shaughnessy Asset Management LLC now owns 33,512 shares of the company’s stock valued at $1,471,000 after purchasing an additional 3,196 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its holdings in shares of Trip.com Group by 4.7% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 237,368 shares of the company’s stock valued at $10,434,000 after acquiring an additional 10,689 shares during the last quarter. Natixis grew its position in Trip.com Group by 50.9% in the 1st quarter. Natixis now owns 28,960 shares of the company’s stock worth $1,271,000 after purchasing an additional 9,763 shares during the period. Finally, Advisors Asset Management Inc. grew its holdings in shares of Trip.com Group by 29.5% in the first quarter. Advisors Asset Management Inc. now owns 2,692 shares of the company’s stock worth $118,000 after acquiring an additional 613 shares during the period. Institutional investors own 35.41% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on TCOM. 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 research report on Tuesday, November 12th. StockNews.com downgraded Trip.com Group from a “buy” rating to a “hold” rating in a research note on Tuesday, August 13th. Hsbc Global Res downgraded shares of Trip.com Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 8th. HSBC upgraded Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a research report on Tuesday. Finally, Macquarie raised Trip.com Group to a “strong-buy” rating in a research note on Monday, October 7th. Four research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $72.56.

Trip.com Group Price Performance

Shares of TCOM stock opened at $62.74 on Wednesday. The company’s 50-day simple moving average is $59.93 and its two-hundred day simple moving average is $52.28. The company has a market capitalization of $40.41 billion, a P/E ratio of 18.78 and a beta of 0.39. Trip.com Group Limited has a one year low of $31.55 and a one year high of $69.67. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.32 and a quick ratio of 1.32.

Trip.com Group (NASDAQ:TCOM) last posted its earnings results on Monday, August 26th. The company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.22. The business had revenue of $1.76 billion for 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%. As a group, equities analysts anticipate that Trip.com Group Limited will post 2.93 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.