Hosking Partners LLP purchased a new position in Trip.com Group Limited (NASDAQ:TCOM) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 114,922 shares of the company’s stock, valued at approximately $3,854,000.
Other large investors have also bought and sold shares of the company. Signaturefd LLC bought a new position in Trip.com Group during the fourth quarter worth about $26,000. Truewealth LLC acquired a new stake in Trip.com Group in the 4th quarter valued at $32,000. Lindbrook Capital LLC acquired a new stake in Trip.com Group in the 4th quarter valued at $53,000. Parallel Advisors LLC acquired a new stake in Trip.com Group in the 4th quarter valued at $60,000. Finally, Mercer Capital Advisers Inc. bought a new stake in Trip.com Group in the fourth quarter valued at $67,000. 66.19% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have issued reports on TCOM shares. ValuEngine upgraded Trip.com Group from a “sell” rating to a “hold” rating in a research note on Friday, January 24th. Mizuho restated a “buy” rating and issued a $40.00 target price on shares of Trip.com Group in a research note on Friday, December 20th. Sanford C. Bernstein lowered shares of Trip.com Group from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $43.00 to $39.00 in a report on Tuesday, January 21st. HSBC lowered shares of Trip.com Group from a “buy” rating to a “hold” rating in a report on Wednesday, February 5th. Finally, TheStreet upgraded shares of Trip.com Group from a “d+” rating to a “c” rating in a research report on Monday, December 16th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $38.33.
NASDAQ TCOM opened at $33.69 on Friday. Trip.com Group Limited has a 1-year low of $28.55 and a 1-year high of $46.50. The business’s 50 day moving average price is $34.99. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $18.63 billion, a price-to-earnings ratio of 38.72, a price-to-earnings-growth ratio of 1.76 and a beta of 1.65.
Trip.com Group (NASDAQ:TCOM) last announced its earnings results on Wednesday, November 13th. The company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.17 by $0.26. The business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.51 billion. Trip.com Group had a return on equity of 4.31% and a net margin of 11.15%. Research analysts expect that Trip.com Group Limited will post 0.86 earnings per share for the current year.
About Trip.com Group
Trip.com Group Limited operates as a travel service provider for accommodation reservation, transportation ticketing, packaged tours, and corporate travel management in China. The company acts as an agent for hotel-related transactions and selling air tickets; and provides other related services, including sale of aviation and train insurance, air-ticket delivery services, online check-in, and other value-added services, such as online seat selection, express security check, and real-time flight status.
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