Federated Hermes Inc. boosted its stake in Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 107.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,437,767 shares of the company's stock after acquiring an additional 744,797 shares during the period. Federated Hermes Inc. owned 0.22% of Trip.com Group worth $51,774,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of TCOM. E Fund Management Hong Kong Co. Ltd. boosted its holdings in shares of Trip.com Group by 136.0% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 298,950 shares of the company's stock valued at $6,424,000 after buying an additional 172,253 shares in the last quarter. Advisor Group Holdings Inc. boosted its holdings in shares of Trip.com Group by 19.7% during the 1st quarter. Advisor Group Holdings Inc. now owns 6,496 shares of the company's stock valued at $152,000 after buying an additional 1,068 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of Trip.com Group by 102.8% during the 1st quarter. American Century Companies Inc. now owns 102,370 shares of the company's stock valued at $2,367,000 after buying an additional 51,896 shares in the last quarter. Natixis Advisors L.P. boosted its holdings in shares of Trip.com Group by 9.2% during the 1st quarter. Natixis Advisors L.P. now owns 27,367 shares of the company's stock valued at $632,000 after buying an additional 2,312 shares in the last quarter. Finally, BlackRock Inc. boosted its holdings in shares of Trip.com Group by 18.1% during the 1st quarter. BlackRock Inc. now owns 25,456,730 shares of the company's stock valued at $588,559,000 after buying an additional 3,893,531 shares in the last quarter. Institutional investors own 35.41% of the company's stock.
Analysts Set New Price Targets
A number of brokerages have recently commented on TCOM. Benchmark restated a "buy" rating and set a $55.00 target price on shares of Trip.com Group in a report on Wednesday. UBS Group upped their price target on shares of Trip.com Group from $48.00 to $52.00 and gave the stock a "buy" rating in a research note on Thursday, February 22nd. HSBC upped their price target on shares of Trip.com Group from $50.00 to $60.00 and gave the stock a "buy" rating in a research note on Friday, April 12th. Citigroup upped their price target on shares of Trip.com Group from $53.00 to $55.00 and gave the stock a "buy" rating in a research note on Monday, April 1st. Finally, Mizuho upped their price target on shares of Trip.com Group from $55.00 to $60.00 and gave the stock a "buy" rating in a research note on Thursday, February 22nd. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $53.67.
Check Out Our Latest Research Report on Trip.com Group
Trip.com Group Price Performance
TCOM opened at $48.00 on Friday. The company's 50-day simple moving average is $45.01 and its two-hundred day simple moving average is $38.54. Trip.com Group Limited has a 52-week low of $30.70 and a 52-week high of $50.63. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.17 and a current ratio of 1.23. The stock has a market capitalization of $31.01 billion, a P/E ratio of 23.19 and a beta of 0.56.
Trip.com Group (NASDAQ:TCOM - Get Free Report) last issued its quarterly earnings results on Wednesday, February 21st. The company reported $0.48 earnings per share for the quarter, topping analysts' consensus estimates of $0.19 by $0.29. Trip.com Group had a return on equity of 9.35% and a net margin of 22.43%. The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.42 billion. As a group, analysts predict that Trip.com Group Limited will post 2.54 EPS for the current year.
Trip.com Group Profile
(Free Report)
Trip.com Group Limited 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.
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