MBB Public Markets I LLC Invests $898,000 in Trip.com Group Limited (NASDAQ:TCOM)

MBB Public Markets I LLC bought a new position in shares of Trip.com Group Limited (NASDAQ:TCOM) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 19,100 shares of the company’s stock, valued at approximately $898,000.

Other large investors also recently made changes to their positions in the company. Fifth Third Bancorp increased its stake in shares of Trip.com Group by 1,188.0% during the second quarter. Fifth Third Bancorp now owns 1,069 shares of the company’s stock worth $50,000 after purchasing an additional 986 shares during the period. Hilltop National Bank increased its stake in shares of Trip.com Group by 322.1% during the second quarter. Hilltop National Bank now owns 1,148 shares of the company’s stock worth $54,000 after purchasing an additional 876 shares during the period. Benjamin F. Edwards & Company Inc. increased its stake in shares of Trip.com Group by 72.3% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,165 shares of the company’s stock worth $55,000 after purchasing an additional 489 shares during the period. Clarity Asset Management Inc. bought a new position in Trip.com Group during the 4th quarter worth $66,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Trip.com Group in the 2nd quarter valued at $66,000. Institutional investors own 35.41% of the company’s stock.

Trip.com Group Stock Performance

Trip.com Group stock opened at $59.43 on Tuesday. Trip.com Group Limited has a 12-month low of $31.55 and a 12-month high of $63.87. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.15. The business’s 50-day moving average price is $45.69 and its two-hundred day moving average price is $48.27. The stock has a market cap of $38.28 billion, a PE ratio of 26.77 and a beta of 0.39.

Trip.com Group (NASDAQ:TCOM) last released its earnings results on Monday, August 26th. The company reported $0.87 earnings per share (EPS) for the quarter, beating 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. As a group, analysts expect that Trip.com Group Limited will post 2.88 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on TCOM shares. TD Cowen reduced their target price on Trip.com Group from $63.00 to $56.00 and set a “buy” rating on the stock in a report on Tuesday, August 27th. Benchmark reaffirmed a “buy” rating and issued a $72.00 price target on shares of Trip.com Group in a research note on Tuesday, August 27th. Finally, StockNews.com downgraded Trip.com Group from a “buy” rating to a “hold” rating in a research note on Tuesday, August 13th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Trip.com Group presently has an average rating of “Moderate Buy” and an average target price of $62.50.

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.