Massachusetts Financial Services Co. MA Has $10 Million Stake in Trip.com Group Limited (NASDAQ:TCOM)

Massachusetts Financial Services Co. MA raised its holdings in Trip.com Group Limited (NASDAQ:TCOM) by 165.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 212,651 shares of the company’s stock after buying an additional 132,595 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Trip.com Group were worth $9,995,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of TCOM. AIA Group Ltd increased its holdings in Trip.com Group by 22.7% during the first quarter. AIA Group Ltd now owns 110,994 shares of the company’s stock worth $4,872,000 after buying an additional 20,545 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S increased its holdings in shares of Trip.com Group by 58.5% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 80,829 shares of the company’s stock worth $3,548,000 after acquiring an additional 29,829 shares during the last quarter. Van ECK Associates Corp bought a new stake in Trip.com Group in the 1st quarter valued at $3,000,000. OPTIMAS CAPITAL Ltd acquired a new position in shares of Trip.com Group in the first quarter valued at $4,516,000. Finally, Capital World Investors lifted its stake in shares of Trip.com Group by 40.4% during the 4th quarter. Capital World Investors now owns 38,395,626 shares of the company’s stock worth $1,382,592,000 after buying an additional 11,039,672 shares during the last quarter. 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 reiterated a “buy” rating and set a $72.00 price objective on shares of Trip.com Group in a research report on Tuesday, August 27th. StockNews.com cut Trip.com Group from a “buy” rating to a “hold” rating in a report on Tuesday, August 13th. Finally, TD Cowen cut 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. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Trip.com Group has an average rating of “Moderate Buy” and an average target price of $62.50.

Trip.com Group Price Performance

Shares of NASDAQ:TCOM opened at $48.66 on Friday. The firm has a 50 day simple moving average of $44.68 and a 200 day simple moving average of $47.76. The company has a market cap of $31.34 billion, a price-to-earnings ratio of 21.92 and a beta of 0.39. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.32 and a quick ratio of 1.32. Trip.com Group Limited has a one year low of $31.55 and a one year high of $58.00.

Trip.com Group (NASDAQ:TCOM) last issued its quarterly earnings results on Monday, August 26th. The company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.22. The company 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 predict that Trip.com Group Limited will post 2.88 earnings per share for the current fiscal 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.