208,400 Shares in Trip.com Group Limited (NASDAQ:TCOM) Acquired by Point72 Asset Management L.P.

Point72 Asset Management L.P. bought a new stake in Trip.com Group Limited (NASDAQ:TCOM) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 208,400 shares of the company’s stock, valued at approximately $9,795,000.

Other large investors have also recently bought and sold shares of the company. Norges Bank acquired a new stake in Trip.com Group during the 4th quarter worth $15,664,000. US Bancorp DE lifted its holdings in shares of Trip.com Group by 209.7% during the 4th quarter. US Bancorp DE now owns 21,141 shares of the company’s stock valued at $761,000 after purchasing an additional 14,314 shares in the last quarter. Parallel Advisors LLC grew its position in shares of Trip.com Group by 14.5% in the 4th quarter. Parallel Advisors LLC now owns 3,396 shares of the company’s stock valued at $122,000 after purchasing an additional 430 shares during the period. The Manufacturers Life Insurance Company increased its stake in Trip.com Group by 19.8% during the 4th quarter. The Manufacturers Life Insurance Company now owns 1,291,161 shares of the company’s stock worth $46,495,000 after purchasing an additional 213,344 shares in the last quarter. Finally, Capital International Ltd. CA raised its holdings in Trip.com Group by 13.2% during the 4th quarter. Capital International Ltd. CA now owns 411,437 shares of the company’s stock worth $14,816,000 after buying an additional 48,125 shares during the period. Institutional investors own 35.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. StockNews.com cut shares of Trip.com Group from a “buy” rating to a “hold” rating in a report on Tuesday, August 13th. Benchmark reaffirmed a “buy” rating and issued a $72.00 target price on shares of Trip.com Group in a research note on Tuesday, August 27th. Finally, TD Cowen dropped their price target on 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. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $62.50.

Trip.com Group Stock Performance

Shares of TCOM stock opened at $59.43 on Tuesday. Trip.com Group Limited has a 52 week low of $31.55 and a 52 week high of $63.87. The company has a market capitalization of $38.28 billion, a price-to-earnings ratio of 26.77 and a beta of 0.39. The company has a 50-day simple moving average of $45.69 and a 200 day simple moving average of $48.27. 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 issued its quarterly earnings data 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 return on equity of 11.52% and a net margin of 28.78%. The company had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.80 billion. On average, sell-side analysts predict that Trip.com Group Limited will post 2.88 earnings per share for the current 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.