GSA Capital Partners LLP Takes $384,000 Position in Trip.com Group Limited (NASDAQ:TCOM)

GSA Capital Partners LLP acquired a new position in Trip.com Group Limited (NASDAQ:TCOM) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 6,467 shares of the company’s stock, valued at approximately $384,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. CWM LLC raised its holdings in shares of Trip.com Group by 10.4% in the 3rd quarter. CWM LLC now owns 2,327 shares of the company’s stock valued at $138,000 after purchasing an additional 220 shares in the last quarter. QRG Capital Management Inc. raised its stake in Trip.com Group by 2.6% in the second quarter. QRG Capital Management Inc. now owns 13,772 shares of the company’s stock worth $647,000 after buying an additional 344 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its holdings 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 buying an additional 375 shares during the period. Creative Planning boosted its position in Trip.com Group by 1.7% during the 3rd quarter. Creative Planning now owns 25,622 shares of the company’s stock valued at $1,523,000 after acquiring an additional 423 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its holdings in shares of Trip.com Group by 4.2% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 10,647 shares of the company’s stock valued at $500,000 after acquiring an additional 431 shares during the period. 35.41% of the stock is currently owned by institutional investors.

Trip.com Group Trading Up 0.7 %

NASDAQ:TCOM opened at $65.24 on Friday. The company has a market capitalization of $42.02 billion, a P/E ratio of 19.53 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 $32.42 and a 12 month high of $69.67. The firm has a fifty day simple moving average of $60.64 and a 200-day simple moving average of $52.46.

Trip.com Group (NASDAQ:TCOM) last issued its quarterly earnings results on Monday, August 26th. The company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.22. The company had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.80 billion. Trip.com Group had a return on equity of 12.40% and a net margin of 31.86%. On average, equities research analysts anticipate that Trip.com Group Limited will post 2.93 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on TCOM shares. Barclays upped their price objective on Trip.com Group from $76.00 to $84.00 and gave the stock an “overweight” rating in a research note on Wednesday. Mizuho raised their price target on shares of Trip.com Group from $65.00 to $78.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. HSBC upgraded shares of Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a research note on Tuesday. Citigroup raised their target price on shares of Trip.com Group from $66.00 to $72.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Finally, Sanford C. Bernstein assumed coverage on shares of Trip.com Group in a report on Monday, November 4th. They issued an “outperform” rating and a $85.00 price target on the stock. Eleven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Trip.com Group has an average rating of “Buy” and an average price target of $74.18.

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.