Atria Investments Inc Purchases New Shares in Trip.com Group Limited (NASDAQ:TCOM)

Atria Investments Inc acquired a new stake in shares of Trip.com Group Limited (NASDAQ:TCOM) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 3,909 shares of the company’s stock, valued at approximately $232,000.

A number of other institutional investors and hedge funds have also made changes to their positions in TCOM. Advisors Asset Management Inc. grew its position in Trip.com Group by 29.5% in the first quarter. Advisors Asset Management Inc. now owns 2,692 shares of the company’s stock worth $118,000 after acquiring an additional 613 shares in the last quarter. Bayesian Capital Management LP purchased a new stake in Trip.com Group during the 1st quarter valued at $742,000. Kontiki Capital Management HK Ltd. lifted its position in Trip.com Group by 1.9% in the first quarter. Kontiki Capital Management HK Ltd. now owns 4,523,780 shares of the company’s stock worth $198,549,000 after buying an additional 83,200 shares during the last quarter. Tidal Investments LLC boosted its stake in Trip.com Group by 698.7% during the first quarter. Tidal Investments LLC now owns 89,432 shares of the company’s stock worth $3,925,000 after buying an additional 78,235 shares during the period. Finally, Swedbank AB bought a new position in Trip.com Group during the first quarter valued at $8,891,000. 35.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on TCOM. Hsbc Global Res upgraded shares of Trip.com Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 19th. Macquarie boosted their target price on Trip.com Group from $75.40 to $80.80 and gave the company an “outperform” rating in a research report on Wednesday. HSBC upgraded Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a report on Tuesday, November 19th. Benchmark boosted their price objective on Trip.com Group from $72.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Finally, Mizuho upped their price objective on Trip.com Group from $65.00 to $78.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Eleven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $74.18.

Trip.com Group Trading Down 2.3 %

Shares of NASDAQ TCOM opened at $63.64 on Friday. Trip.com Group Limited has a twelve month low of $32.42 and a twelve month high of $69.67. The company has a quick ratio of 1.32, a current ratio of 1.42 and a debt-to-equity ratio of 0.14. The business has a fifty day simple moving average of $60.97 and a two-hundred day simple moving average of $52.53. The firm has a market cap of $40.99 billion, a PE ratio of 19.05, a price-to-earnings-growth ratio of 1.10 and a beta of 0.39.

Trip.com Group (NASDAQ:TCOM) last released its quarterly earnings data on Monday, August 26th. The company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.22. Trip.com Group had a return on equity of 12.04% and a net margin of 31.86%. The firm had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.80 billion. Analysts expect that Trip.com Group Limited will post 2.93 earnings per share for the current fiscal year.

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.