E Fund Management Co. Ltd. Purchases Shares of 18,450 Trip.com Group Limited (NASDAQ:TCOM)

E Fund Management Co. Ltd. purchased a new stake in Trip.com Group Limited (NASDAQ:TCOM) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 18,450 shares of the company’s stock, valued at approximately $867,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. CWM LLC raised its stake in Trip.com Group by 13.5% during the 2nd quarter. CWM LLC now owns 2,107 shares of the company’s stock worth $99,000 after acquiring an additional 251 shares in the last quarter. Lindbrook Capital LLC raised its stake in Trip.com Group by 11.4% during the 1st quarter. Lindbrook Capital LLC now owns 3,154 shares of the company’s stock worth $138,000 after acquiring an additional 323 shares in the last quarter. QRG Capital Management Inc. raised its stake in Trip.com Group by 2.6% during the 2nd 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. Diversified Trust Co raised its stake in Trip.com Group by 1.5% during the 1st quarter. Diversified Trust Co now owns 24,686 shares of the company’s stock worth $1,083,000 after acquiring an additional 375 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp raised its stake in Trip.com Group by 0.9% during the 1st 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. Hedge funds and other institutional investors own 35.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on TCOM shares. Barclays lifted their price objective on shares of Trip.com Group from $60.00 to $76.00 and gave the company an “overweight” rating in a research note on Wednesday, May 22nd. Benchmark restated a “buy” rating and issued a $72.00 price objective on shares of Trip.com Group in a research note on Tuesday, August 27th. TD Cowen dropped their price objective on shares of Trip.com Group from $63.00 to $56.00 and set a “buy” rating on the stock in a research note on Tuesday, August 27th. Finally, StockNews.com lowered shares of Trip.com Group from a “buy” rating to a “hold” rating in a research note on Tuesday, August 13th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, Trip.com Group currently has an average rating of “Moderate Buy” and a consensus target price of $62.50.

Trip.com Group Stock Up 0.1 %

TCOM stock opened at $46.70 on Thursday. The company has a market cap of $30.08 billion, a P/E ratio of 21.04 and a beta of 0.39. Trip.com Group Limited has a 52 week low of $31.55 and a 52 week high of $58.00. The company’s 50-day moving average price is $44.75 and its 200 day moving average price is $47.68. 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 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.