Principal Financial Group Inc. Has $7.81 Million Holdings in Trip.com Group Limited (NASDAQ:TCOM)

Principal Financial Group Inc. raised its position in Trip.com Group Limited (NASDAQ:TCOM) by 139.9% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 131,407 shares of the company’s stock after acquiring an additional 76,624 shares during the period. Principal Financial Group Inc.’s holdings in Trip.com Group were worth $7,810,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Fifth Third Bancorp raised its position in Trip.com Group by 1,188.0% in the 2nd quarter. Fifth Third Bancorp now owns 1,069 shares of the company’s stock valued at $50,000 after buying an additional 986 shares during the last quarter. Hilltop National Bank lifted its holdings in shares of Trip.com Group by 322.1% in the second quarter. Hilltop National Bank now owns 1,148 shares of the company’s stock worth $54,000 after buying an additional 876 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its position in shares of Trip.com Group by 72.3% during the 2nd 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 in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Trip.com Group in the 2nd quarter worth about $66,000. Finally, Whittier Trust Co. of Nevada Inc. purchased a new stake in Trip.com Group in the second quarter valued at approximately $74,000. Institutional investors own 35.41% of the company’s stock.

Analysts Set New Price Targets

TCOM has been the topic of several recent research reports. HSBC upgraded Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a research report on Tuesday. 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. Hsbc Global Res downgraded shares of Trip.com Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 8th. Benchmark boosted their target price on shares of Trip.com Group from $72.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Sanford C. Bernstein initiated coverage on Trip.com Group in a research report on Monday, November 4th. They set an “outperform” rating and a $85.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $72.56.

Trip.com Group Trading Up 2.3 %

Shares of TCOM opened at $62.74 on Wednesday. The firm’s fifty day moving average is $59.93 and its two-hundred day moving average is $52.28. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.15. The stock has a market cap of $40.41 billion, a PE ratio of 18.78 and a beta of 0.39. Trip.com Group Limited has a 52-week low of $31.55 and a 52-week high of $69.67.

Trip.com Group (NASDAQ:TCOM) last released its quarterly earnings data on Monday, August 26th. The company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.22. The firm 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%. Research analysts forecast that Trip.com Group Limited will post 2.93 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.