Trip.com Group Limited (NASDAQ:TCOM) Shares Bought by 1832 Asset Management L.P.

1832 Asset Management L.P. boosted its stake in shares of Trip.com Group Limited (NASDAQ:TCOM) by 4,800.0% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 1,399,298 shares of the company’s stock after purchasing an additional 1,370,741 shares during the period. 1832 Asset Management L.P. owned approximately 0.22% of Trip.com Group worth $65,767,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Fifth Third Bancorp boosted its stake in shares of Trip.com Group by 1,188.0% during the 2nd quarter. Fifth Third Bancorp now owns 1,069 shares of the company’s stock worth $50,000 after acquiring an additional 986 shares in the last quarter. Hilltop National Bank boosted its stake 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 worth $54,000 after acquiring an additional 876 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake 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 worth $55,000 after acquiring an additional 489 shares in the last quarter. Clarity Asset Management Inc. purchased a new stake in shares of Trip.com Group during the 4th quarter worth about $66,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Trip.com Group during the 2nd quarter worth about $66,000. 35.41% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Trip.com Group Stock Up 2.6 %

TCOM stock opened at $48.66 on Monday. 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 current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.15. Trip.com Group Limited has a 12 month low of $31.55 and a 12 month high of $58.00. The firm has a 50-day moving average of $44.68 and a two-hundred day moving average of $47.80.

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 company had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.80 billion. Trip.com Group had a net margin of 28.78% and a return on equity of 11.52%. As a group, analysts forecast that Trip.com Group Limited will post 2.88 earnings per share for the current fiscal year.

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.