Squarepoint Ops LLC Has $3.12 Million Stock Position in Trip.com Group Limited (NASDAQ:TCOM)

Squarepoint Ops LLC grew its stake in shares of Trip.com Group Limited (NASDAQ:TCOM) by 10.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 66,354 shares of the company’s stock after acquiring an additional 6,454 shares during the period. Squarepoint Ops LLC’s holdings in Trip.com Group were worth $3,119,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

TCOM has been the subject of several analyst reports. TD Cowen cut 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 report on Tuesday, August 27th. StockNews.com cut Trip.com Group from a “buy” rating to a “hold” rating in a research note on Tuesday, August 13th. Finally, Benchmark restated a “buy” rating and set a $72.00 price objective on shares of Trip.com Group in a research note on Tuesday, August 27th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $62.50.

Trip.com Group Stock Performance

Trip.com Group stock opened at $62.51 on Wednesday. The stock has a market cap of $40.26 billion, a PE ratio of 28.16 and a beta of 0.39. 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 Limited has a 12-month low of $31.55 and a 12-month high of $63.87. The business’s 50-day moving average price is $46.02 and its two-hundred day moving average price is $48.41.

Trip.com Group (NASDAQ:TCOM) last released 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 net margin of 28.78% and a return on equity of 11.52%. The business had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.80 billion. As a group, analysts expect that Trip.com Group Limited will post 2.88 earnings per share for the current fiscal year.

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.