Tairen Capital Ltd Invests $378,000 in Trip.com Group Limited (NASDAQ:TCOM)

Tairen Capital Ltd bought a new stake in Trip.com Group Limited (NASDAQ:TCOM) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 8,050 shares of the company’s stock, valued at approximately $378,000. Trip.com Group makes up 0.0% of Tairen Capital Ltd’s holdings, making the stock its 26th biggest position.

A number of other institutional investors have also added to or reduced their stakes in the company. Fifth Third Bancorp grew its position 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 valued at $50,000 after acquiring an additional 986 shares during the period. Hilltop National Bank grew its holdings in Trip.com Group by 322.1% during the second quarter. Hilltop National Bank now owns 1,148 shares of the company’s stock worth $54,000 after purchasing an additional 876 shares during the period. Benjamin F. Edwards & Company Inc. increased its position in Trip.com Group by 72.3% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,165 shares of the company’s stock worth $55,000 after buying an additional 489 shares during the last quarter. Clarity Asset Management Inc. bought a new stake in Trip.com Group in the fourth quarter valued at approximately $66,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Trip.com Group in the second quarter valued at approximately $66,000. 35.41% of the stock is currently owned by institutional investors and hedge funds.

Trip.com Group Trading Up 2.6 %

TCOM stock opened at $48.66 on Monday. 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 capitalization of $31.34 billion, a PE ratio of 21.92 and a beta of 0.39. The company’s 50-day simple moving average is $44.68 and its 200 day simple moving average is $47.80. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.32 and a current ratio of 1.32.

Trip.com Group (NASDAQ:TCOM) last announced its earnings results on Monday, August 26th. The company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.22. Trip.com Group had a net margin of 28.78% and a return on equity of 11.52%. The firm had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.80 billion. As a group, sell-side analysts anticipate that Trip.com Group Limited will post 2.88 earnings per share for the current year.

Analyst Ratings Changes

TCOM has been the topic of a number of recent analyst reports. StockNews.com lowered Trip.com Group from a “buy” rating to a “hold” rating in a report on Tuesday, August 13th. Benchmark reiterated a “buy” rating and issued a $72.00 price objective on shares of Trip.com Group in a report on Tuesday, August 27th. Finally, TD Cowen dropped their price objective on shares of Trip.com Group from $63.00 to $56.00 and set a “buy” rating on the stock in a research report on Tuesday, August 27th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $62.50.

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.