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

LMR Partners LLP bought a new stake in Trip.com Group Limited (NASDAQ:TCOM) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 310,204 shares of the company’s stock, valued at approximately $18,435,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Natixis Advisors LLC boosted its stake in shares of Trip.com Group by 10.0% in the 3rd quarter. Natixis Advisors LLC now owns 42,561 shares of the company’s stock valued at $2,529,000 after purchasing an additional 3,883 shares during the last quarter. Central Asset Investments & Management Holdings HK Ltd bought a new position in Trip.com Group during the third quarter worth $2,615,000. KBC Group NV lifted its holdings in Trip.com Group by 0.8% in the third quarter. KBC Group NV now owns 125,607 shares of the company’s stock valued at $7,465,000 after buying an additional 1,001 shares during the period. Oppenheimer & Co. Inc. bought a new stake in Trip.com Group during the third quarter valued at $739,000. Finally, Victory Capital Management Inc. grew its holdings in Trip.com Group by 45.5% during the 3rd quarter. Victory Capital Management Inc. now owns 10,985 shares of the company’s stock worth $653,000 after acquiring an additional 3,433 shares during the period. Institutional investors and hedge funds own 35.41% of the company’s stock.

Trip.com Group Price Performance

TCOM stock opened at $59.49 on Monday. The company has a market capitalization of $38.32 billion, a P/E ratio of 20.80 and a beta of 0.39. The business has a 50-day simple moving average of $59.33 and a two-hundred day simple moving average of $52.14. Trip.com Group Limited has a 52-week low of $31.55 and a 52-week high of $69.67. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.32 and a current ratio of 1.32.

Trip.com Group (NASDAQ:TCOM) last posted its quarterly earnings data on Monday, August 26th. The company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.22. The firm 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%. Research analysts expect that Trip.com Group Limited will post 2.93 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on TCOM shares. Macquarie raised Trip.com Group to a “strong-buy” rating in a research note on Monday, October 7th. HSBC lowered Trip.com Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th. Sanford C. Bernstein assumed coverage on shares of Trip.com Group in a research note on Monday, November 4th. They issued an “outperform” rating and a $85.00 price objective for the company. StockNews.com downgraded shares of Trip.com Group from a “buy” rating to a “hold” rating in a research report on Tuesday, August 13th. Finally, Citigroup raised their price target on shares of Trip.com Group from $66.00 to $72.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Five research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Trip.com Group has a consensus rating of “Moderate Buy” and a consensus price target of $68.33.

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.