Whittier Trust Co. Boosts Holdings in Trip.com Group Limited (NASDAQ:TCOM)

Whittier Trust Co. lifted its stake in shares of Trip.com Group Limited (NASDAQ:TCOM) by 70.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,981 shares of the company’s stock after buying an additional 7,826 shares during the quarter. Whittier Trust Co.’s holdings in Trip.com Group were worth $1,128,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. AIA Group Ltd raised its holdings in Trip.com Group by 22.7% in the first quarter. AIA Group Ltd now owns 110,994 shares of the company’s stock worth $4,872,000 after purchasing an additional 20,545 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S boosted 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 worth $3,548,000 after acquiring an additional 29,829 shares in the last quarter. Van ECK Associates Corp purchased a new stake in Trip.com Group in the first quarter worth about $3,000,000. OPTIMAS CAPITAL Ltd purchased a new position in shares of Trip.com Group during the first quarter valued at approximately $4,516,000. Finally, Atlas Capital Advisors LLC grew its stake in shares of Trip.com Group by 115.7% in the 2nd quarter. Atlas Capital Advisors LLC now owns 3,628 shares of the company’s stock worth $171,000 after buying an additional 1,946 shares during the last quarter. 35.41% of the stock is owned by institutional investors.

Trip.com Group Price Performance

NASDAQ TCOM opened at $60.53 on Wednesday. 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 firm has a market capitalization of $38.99 billion, a P/E ratio of 27.27 and a beta of 0.41. The company has a 50-day moving average price of $52.23 and a 200-day moving average price of $50.22. Trip.com Group Limited has a 52 week low of $31.55 and a 52 week high of $69.67.

Trip.com Group (NASDAQ:TCOM) last released its quarterly earnings results on Monday, August 26th. The company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.22. Trip.com Group had a net margin of 28.78% and a return on equity of 11.52%. The business had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.80 billion. Equities research analysts anticipate that Trip.com Group Limited will post 2.93 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have commented on TCOM. HSBC downgraded Trip.com Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 8th. Hsbc Global Res cut shares of Trip.com Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 8th. Macquarie raised shares of Trip.com Group to a “strong-buy” rating in a research report on Monday, October 7th. Citigroup upped their price objective on Trip.com Group from $66.00 to $72.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Finally, TD Cowen decreased their price target 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 equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $64.63.

Trip.com Group 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.