Creative Planning Acquires 423 Shares of Trip.com Group Limited (NASDAQ:TCOM)

Creative Planning increased its holdings in Trip.com Group Limited (NASDAQ:TCOM) by 1.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,622 shares of the company’s stock after acquiring an additional 423 shares during the quarter. Creative Planning’s holdings in Trip.com Group were worth $1,523,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the business. AIA Group Ltd increased its stake in shares of Trip.com Group by 22.7% during the first quarter. AIA Group Ltd now owns 110,994 shares of the company’s stock valued at $4,872,000 after purchasing an additional 20,545 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S raised its stake in Trip.com Group by 58.5% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 80,829 shares of the company’s stock valued at $3,548,000 after buying an additional 29,829 shares during the last quarter. Van ECK Associates Corp bought a new stake in Trip.com Group in the first quarter worth $3,000,000. OPTIMAS CAPITAL Ltd purchased a new stake in shares of Trip.com Group in the first quarter worth $4,516,000. Finally, Atlas Capital Advisors LLC increased its holdings in shares of Trip.com Group by 115.7% during the second quarter. Atlas Capital Advisors LLC now owns 3,628 shares of the company’s stock valued at $171,000 after acquiring an additional 1,946 shares in the last quarter. 35.41% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TCOM has been the topic of a number of analyst reports. HSBC cut shares of Trip.com Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th. Macquarie raised shares of Trip.com Group to a “strong-buy” rating in a research report on Monday, October 7th. Hsbc Global Res cut Trip.com Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 8th. StockNews.com lowered Trip.com Group from a “buy” rating to a “hold” rating in a report on Tuesday, August 13th. Finally, Benchmark restated a “buy” rating and issued a $72.00 price target on shares of Trip.com Group in a research note on Tuesday, August 27th. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $64.63.

Trip.com Group Stock Performance

Shares of TCOM opened at $64.89 on Wednesday. Trip.com Group Limited has a one year low of $31.55 and a one year high of $69.67. The business has a fifty day moving average of $54.33 and a 200 day moving average of $50.71. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.32 and a quick ratio of 1.32. The firm has a market capitalization of $41.79 billion, a P/E ratio of 22.69 and a beta of 0.41.

Trip.com Group (NASDAQ:TCOM) last released its quarterly earnings results on Monday, August 26th. The company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.65 by $0.22. The firm had revenue of $1.76 billion during the quarter, compared to analyst estimates 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, sell-side analysts anticipate that Trip.com Group Limited will post 2.93 EPS for the current 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.