Old Well Partners LLC Invests $3.27 Million in Trip.com Group Limited (NASDAQ:TCOM)

Old Well Partners LLC bought a new stake in Trip.com Group Limited (NASDAQ:TCOM) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 90,900 shares of the company’s stock, valued at approximately $3,273,000. Trip.com Group comprises about 3.0% of Old Well Partners LLC’s portfolio, making the stock its 15th biggest position.

Other large investors have also added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. increased its position in shares of Trip.com Group by 90.4% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 952 shares of the company’s stock valued at $34,000 after purchasing an additional 452 shares during the last quarter. Parallel Advisors LLC boosted its stake in Trip.com Group by 14.5% in the fourth quarter. Parallel Advisors LLC now owns 3,396 shares of the company’s stock worth $122,000 after buying an additional 430 shares in the last quarter. Barometer Capital Management Inc. bought a new position in Trip.com Group during the fourth quarter valued at approximately $122,000. PNC Financial Services Group Inc. raised its stake in shares of Trip.com Group by 10.9% during the third quarter. PNC Financial Services Group Inc. now owns 4,102 shares of the company’s stock worth $143,000 after acquiring an additional 402 shares in the last quarter. Finally, West Family Investments Inc. bought a new stake in shares of Trip.com Group in the 4th quarter worth approximately $204,000. Hedge funds and other institutional investors own 35.41% of the company’s stock.

Wall Street Analysts Forecast Growth

TCOM has been the topic of several recent research reports. Benchmark reaffirmed a “buy” rating and set a $72.00 target price on shares of Trip.com Group in a report on Wednesday. CLSA lifted their price objective on Trip.com Group from $55.00 to $64.00 and gave the stock a “buy” rating in a report on Monday, May 13th. UBS Group increased their target price on Trip.com Group from $48.00 to $52.00 and gave the company a “buy” rating in a report on Thursday, February 22nd. StockNews.com raised Trip.com Group from a “hold” rating to a “buy” rating in a research note on Wednesday, May 22nd. Finally, Barclays increased their price objective on Trip.com Group from $60.00 to $76.00 and gave the company an “overweight” rating in a research note on Wednesday, May 22nd. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $61.89.

Trip.com Group Stock Down 0.8 %

Shares of Trip.com Group stock opened at $50.27 on Friday. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.07. Trip.com Group Limited has a 12-month low of $31.55 and a 12-month high of $58.00. The company has a market cap of $32.38 billion, a P/E ratio of 22.64 and a beta of 0.44. The company’s fifty day simple moving average is $51.59 and its two-hundred day simple moving average is $43.58.

Trip.com Group (NASDAQ:TCOM) last announced its quarterly earnings results on Monday, May 20th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.21. Trip.com Group had a net margin of 22.99% and a return on equity of 10.73%. The company had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.61 billion. Research analysts anticipate that Trip.com Group Limited will post 2.66 EPS for the current 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.