E Fund Management Hong Kong Co. Ltd. Purchases 14,612 Shares of Trip.com Group Limited (NASDAQ:TCOM)

E Fund Management Hong Kong Co. Ltd. lifted its position in Trip.com Group Limited (NASDAQ:TCOM) by 79.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 33,062 shares of the company’s stock after buying an additional 14,612 shares during the period. Trip.com Group comprises 1.2% of E Fund Management Hong Kong Co. Ltd.’s portfolio, making the stock its 17th largest holding. E Fund Management Hong Kong Co. Ltd.’s holdings in Trip.com Group were worth $1,965,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in TCOM. Capital World Investors lifted its stake in shares of Trip.com Group by 27.5% in the first quarter. Capital World Investors now owns 48,971,654 shares of the company’s stock worth $2,149,366,000 after buying an additional 10,576,028 shares in the last quarter. 1832 Asset Management L.P. lifted its position in Trip.com Group by 4,800.0% during the second quarter. 1832 Asset Management L.P. now owns 1,399,298 shares of the company’s stock valued at $65,767,000 after purchasing an additional 1,370,741 shares during the period. National Bank of Canada FI lifted its position in Trip.com Group by 413,028.8% during the first quarter. National Bank of Canada FI now owns 859,308 shares of the company’s stock valued at $37,715,000 after purchasing an additional 859,100 shares during the period. Marshall Wace LLP lifted its position in Trip.com Group by 89.6% during the second quarter. Marshall Wace LLP now owns 1,703,234 shares of the company’s stock valued at $80,052,000 after purchasing an additional 804,885 shares during the period. Finally, Ariose Capital Management Ltd lifted its position in Trip.com Group by 680.1% during the second quarter. Ariose Capital Management Ltd now owns 540,630 shares of the company’s stock valued at $25,410,000 after purchasing an additional 471,330 shares during the period. Institutional investors own 35.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on TCOM. HSBC downgraded shares of Trip.com Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Citigroup increased their price objective on shares of Trip.com Group from $66.00 to $72.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Macquarie upgraded shares of Trip.com Group to a “strong-buy” rating in a research report on Monday, October 7th. Benchmark reaffirmed a “buy” rating and set a $72.00 target price on shares of Trip.com Group in a report on Tuesday, August 27th. Finally, TD Cowen reduced their target price on shares of Trip.com Group from $63.00 to $56.00 and set a “buy” rating for the company in a report on Tuesday, August 27th. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Trip.com Group currently has an average rating of “Moderate Buy” and a consensus price target of $64.63.

Trip.com Group Stock Performance

Shares of NASDAQ TCOM opened at $65.06 on Thursday. The stock has a market cap of $41.90 billion, a PE ratio of 22.75 and a beta of 0.41. The firm has a fifty day moving average price of $54.77 and a 200-day moving average price of $50.81. Trip.com Group Limited has a 1 year low of $31.55 and a 1 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 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.22. The company 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%. Equities analysts anticipate that Trip.com Group Limited will post 2.93 earnings per share for the current fiscal 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.