Raymond James & Associates Acquires 3,425 Shares of Trip.com Group Limited (NASDAQ:TCOM)

Raymond James & Associates grew its holdings in Trip.com Group Limited (NASDAQ:TCOM) by 9.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 40,998 shares of the company’s stock after acquiring an additional 3,425 shares during the quarter. Raymond James & Associates’ holdings in Trip.com Group were worth $2,437,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. CWM LLC raised its stake in Trip.com Group by 10.4% during the third quarter. CWM LLC now owns 2,327 shares of the company’s stock worth $138,000 after acquiring an additional 220 shares in the last quarter. QRG Capital Management Inc. raised its stake in Trip.com Group by 2.6% during the second quarter. QRG Capital Management Inc. now owns 13,772 shares of the company’s stock worth $647,000 after acquiring an additional 344 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its stake in Trip.com Group by 0.9% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 40,632 shares of the company’s stock worth $1,908,000 after acquiring an additional 375 shares in the last quarter. Creative Planning raised its stake in Trip.com Group by 1.7% during the third quarter. Creative Planning now owns 25,622 shares of the company’s stock worth $1,523,000 after acquiring an additional 423 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its stake in Trip.com Group by 4.2% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 10,647 shares of the company’s stock worth $500,000 after acquiring an additional 431 shares in the last quarter. 35.41% of the stock is owned by institutional investors.

Trip.com Group Price Performance

Shares of TCOM opened at $68.42 on Wednesday. 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 1 year low of $31.55 and a 1 year high of $69.67. The stock has a market cap of $44.07 billion, a P/E ratio of 23.92 and a beta of 0.39. The stock’s 50-day moving average price is $56.61 and its two-hundred day moving average price is $51.33.

Trip.com Group (NASDAQ:TCOM) last issued 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 return on equity of 11.52% and a net margin of 28.78%. The firm had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.80 billion. On average, equities analysts predict that Trip.com Group Limited will post 2.93 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Benchmark restated a “buy” rating and issued a $72.00 target price on shares of Trip.com Group in a research note on Tuesday, August 27th. Macquarie upgraded Trip.com Group to a “strong-buy” rating in a research note on Monday, October 7th. StockNews.com lowered Trip.com Group from a “buy” rating to a “hold” rating in a research note on Tuesday, August 13th. Sanford C. Bernstein assumed coverage on Trip.com Group in a research note on Monday. They issued an “outperform” rating and a $85.00 target price for the company. Finally, TD Cowen lowered their target price on Trip.com Group from $63.00 to $56.00 and set a “buy” rating for the company in a research note on Tuesday, August 27th. Five investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $66.89.

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.