B. Metzler seel. Sohn & Co. Holding AG Takes $6.90 Million Position in Trip.com Group Limited (NASDAQ:TCOM)

B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Trip.com Group Limited (NASDAQ:TCOM) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. 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 bought and sold shares of the business. Fifth Third Bancorp raised its stake in Trip.com Group by 1,188.0% in the second quarter. Fifth Third Bancorp now owns 1,069 shares of the company’s stock valued at $50,000 after purchasing an additional 986 shares in the last quarter. Hilltop National Bank grew its holdings in Trip.com Group by 322.1% during the 2nd quarter. Hilltop National Bank now owns 1,148 shares of the company’s stock worth $54,000 after acquiring an additional 876 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its holdings in Trip.com Group by 72.3% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,165 shares of the company’s stock valued at $55,000 after purchasing an additional 489 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Trip.com Group in the second quarter valued at about $66,000. Finally, Whittier Trust Co. of Nevada Inc. bought a new position in Trip.com Group during the 2nd quarter worth approximately $74,000. Institutional investors and hedge funds own 35.41% of the company’s stock.

Trip.com Group Price Performance

TCOM stock opened at $62.74 on Wednesday. The firm has a 50 day moving average of $59.93 and a 200-day moving average of $52.28. The firm has a market capitalization of $40.41 billion, a P/E ratio of 18.78 and a beta of 0.39. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.15. Trip.com Group Limited has a 12 month low of $31.55 and a 12 month high of $69.67.

Trip.com Group (NASDAQ:TCOM) last issued its quarterly earnings data on Monday, August 26th. The company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.65 by $0.22. The company had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.80 billion. Trip.com Group had a return on equity of 11.52% and a net margin of 28.78%. As a group, sell-side analysts predict that Trip.com Group Limited will post 2.93 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on TCOM shares. Citigroup lifted their price objective on Trip.com Group from $66.00 to $72.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Sanford C. Bernstein assumed coverage on Trip.com Group in a research note on Monday, November 4th. They set an “outperform” rating and a $85.00 price target for the company. StockNews.com lowered shares of Trip.com Group from a “buy” rating to a “hold” rating in a research note on Tuesday, August 13th. HSBC raised Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a research report on Tuesday. Finally, TD Cowen lifted their price objective on shares of Trip.com Group from $56.00 to $71.00 and gave the stock a “buy” rating in a research report on Tuesday. Four equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Trip.com Group currently has an average rating of “Moderate Buy” and an average target price of $72.56.

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.