E Fund Management Hong Kong Co. Ltd. Increases Stock Position in Trip.com Group Limited (NASDAQ:TCOM)

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

A number of other institutional investors also recently modified their holdings of the business. China Universal Asset Management Co. Ltd. lifted its stake in shares of Trip.com Group by 31.9% during the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 63,199 shares of the company’s stock valued at $3,756,000 after buying an additional 15,299 shares in the last quarter. Osborne Partners Capital Management LLC lifted its stake in shares of Trip.com Group by 2.5% during the 3rd quarter. Osborne Partners Capital Management LLC now owns 148,333 shares of the company’s stock valued at $8,815,000 after buying an additional 3,589 shares in the last quarter. Lyell Wealth Management LP purchased a new stake in shares of Trip.com Group during the 3rd quarter valued at approximately $238,000. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Trip.com Group by 101.1% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 3,173 shares of the company’s stock valued at $189,000 after buying an additional 1,595 shares in the last quarter. Finally, Whittier Trust Co. lifted its stake in shares of Trip.com Group by 70.2% during the 3rd quarter. Whittier Trust Co. now owns 18,981 shares of the company’s stock valued at $1,128,000 after buying an additional 7,826 shares in the last quarter. 35.41% of the stock is currently owned by hedge funds and other institutional investors.

Trip.com Group Stock Performance

Trip.com Group stock opened at $65.06 on Thursday. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $41.90 billion, a PE ratio of 22.75 and a beta of 0.41. The firm has a fifty day simple moving average of $54.77 and a two-hundred day simple moving average of $50.81. Trip.com Group Limited has a twelve month low of $31.55 and a twelve month high of $69.67.

Trip.com Group (NASDAQ:TCOM) last released its quarterly earnings data 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. Trip.com Group had a net margin of 28.78% and a return on equity of 11.52%. The firm had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.80 billion. Research analysts expect that Trip.com Group Limited will post 2.93 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on TCOM shares. StockNews.com cut shares of Trip.com Group from a “buy” rating to a “hold” rating in a research note on Tuesday, August 13th. 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. Macquarie upgraded shares of Trip.com Group to a “strong-buy” rating in a research note on Monday, October 7th. HSBC cut shares of Trip.com Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th. Finally, TD Cowen lowered their target price on shares of Trip.com Group from $63.00 to $56.00 and set a “buy” rating on the stock in a research note on Tuesday, August 27th. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Trip.com Group presently has a consensus rating of “Moderate Buy” and an average target price of $64.63.

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.