Victory Capital Management Inc. Takes $355,000 Position in Trip.com Group Limited (NASDAQ:TCOM)

Victory Capital Management Inc. acquired a new position in Trip.com Group Limited (NASDAQ:TCOM) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 7,552 shares of the company’s stock, valued at approximately $355,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Fifth Third Bancorp increased its stake in shares of Trip.com Group by 1,188.0% in the 2nd quarter. Fifth Third Bancorp now owns 1,069 shares of the company’s stock worth $50,000 after purchasing an additional 986 shares in the last quarter. Hilltop National Bank lifted its position in shares of Trip.com Group by 322.1% during the 2nd quarter. Hilltop National Bank now owns 1,148 shares of the company’s stock valued at $54,000 after buying an additional 876 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Trip.com Group during the 2nd quarter valued at approximately $66,000. Whittier Trust Co. of Nevada Inc. purchased a new stake in Trip.com Group in the 2nd quarter worth approximately $74,000. Finally, Atlas Capital Advisors LLC purchased a new position in Trip.com Group during the first quarter valued at approximately $74,000. Hedge funds and other institutional investors own 35.41% of the company’s stock.

Trip.com Group Price Performance

Trip.com Group stock opened at $49.09 on Tuesday. Trip.com Group Limited has a 52-week low of $31.55 and a 52-week high of $58.00. The company has a market cap of $31.62 billion, a price-to-earnings ratio of 22.11 and a beta of 0.39. The firm’s fifty day moving average is $44.70 and its 200 day moving average is $47.84. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.15.

Trip.com Group (NASDAQ:TCOM) last issued its quarterly earnings data on Monday, August 26th. The company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.22. The company had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.80 billion. Trip.com Group had a return on equity of 11.52% and a net margin of 28.78%. Sell-side analysts forecast that Trip.com Group Limited will post 2.88 EPS for the current fiscal year.

Wall Street Analyst Weigh In

TCOM has been the subject of a number of analyst reports. TD Cowen reduced 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 note on Tuesday, August 27th. StockNews.com downgraded Trip.com Group from a “buy” rating to a “hold” rating in a research report on Tuesday, August 13th. Finally, Benchmark reiterated 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 analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $62.50.

Trip.com Group Company 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.