Lighthouse Investment Partners LLC Has $1.46 Million Holdings in Trip.com Group Limited (NASDAQ:TCOM)

Lighthouse Investment Partners LLC lifted its stake in shares of Trip.com Group Limited (NASDAQ:TCOM) by 186.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 30,969 shares of the company’s stock after buying an additional 20,169 shares during the quarter. Lighthouse Investment Partners LLC’s holdings in Trip.com Group were worth $1,456,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. CWM LLC boosted its stake in Trip.com Group by 13.5% during the second 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 boosted its position in shares of 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 purchasing an additional 323 shares in the last quarter. QRG Capital Management Inc. grew its stake in shares of Trip.com Group by 2.6% in the 2nd quarter. QRG Capital Management Inc. now owns 13,772 shares of the company’s stock valued at $647,000 after buying an additional 344 shares during the period. Diversified Trust Co increased its position in Trip.com Group by 1.5% in the 1st quarter. Diversified Trust Co now owns 24,686 shares of the company’s stock valued at $1,083,000 after buying 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 buying an additional 375 shares during the period. Institutional investors own 35.41% of the company’s stock.

Trip.com Group Trading Up 8.2 %

Shares of Trip.com Group stock opened at $61.32 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.32 and a current ratio of 1.32. The stock has a market capitalization of $39.50 billion, a P/E ratio of 27.62 and a beta of 0.39. Trip.com Group Limited has a 52-week low of $31.55 and a 52-week high of $61.65. The stock’s 50-day simple moving average is $45.45 and its 200 day simple moving average is $48.14.

Trip.com Group (NASDAQ:TCOM) last announced its quarterly earnings results on Monday, August 26th. The company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.22. The company had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.80 billion. Trip.com Group had a net margin of 28.78% and a return on equity of 11.52%. As a group, research analysts anticipate that Trip.com Group Limited will post 2.88 EPS for the current year.

Analyst Upgrades and Downgrades

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

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.