Trip.com Group Limited (NASDAQ:TCOM) Shares Bought by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board raised its holdings in shares of Trip.com Group Limited (NASDAQ:TCOM) by 5.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,663,400 shares of the company’s stock after acquiring an additional 86,400 shares during the period. Canada Pension Plan Investment Board owned approximately 0.26% of Trip.com Group worth $78,180,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in TCOM. Benjamin F. Edwards & Company Inc. boosted 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 last quarter. XTX Topco Ltd purchased a new stake in shares of Trip.com Group in the second quarter worth about $508,000. Blair William & Co. IL acquired a new stake in Trip.com Group during the second quarter worth about $204,000. Vanguard Personalized Indexing Management LLC raised its position in Trip.com Group by 4.2% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 10,647 shares of the company’s stock valued at $500,000 after acquiring an additional 431 shares in the last quarter. Finally, E Fund Management Co. Ltd. acquired a new position in Trip.com Group in the second quarter valued at approximately $867,000. 35.41% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on TCOM. StockNews.com lowered shares of Trip.com Group from a “buy” rating to a “hold” rating in a report on Tuesday, August 13th. TD Cowen decreased their price objective on shares of Trip.com Group from $63.00 to $56.00 and set a “buy” rating for the company in a research report on Tuesday, August 27th. Finally, Benchmark restated a “buy” rating and set a $72.00 target price on shares of Trip.com Group in a research report on Tuesday, August 27th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $62.50.

Trip.com Group Trading Up 2.6 %

Shares of TCOM stock opened at $48.66 on Friday. Trip.com Group Limited has a fifty-two week low of $31.55 and a fifty-two week high of $58.00. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.32 and a current ratio of 1.32. The stock’s fifty day moving average is $44.68 and its two-hundred day moving average is $47.73. The firm has a market capitalization of $31.34 billion, a P/E ratio of 21.92 and a beta of 0.39.

Trip.com Group (NASDAQ:TCOM) last posted its quarterly earnings results on Monday, August 26th. The company reported $0.87 earnings per share 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 analyst estimates 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 2.88 earnings per share for the current fiscal year.

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.