Mackenzie Financial Corp Purchases 1,560 Shares of Trip.com Group Limited (NASDAQ:TCOM)

Mackenzie Financial Corp increased its position in shares of Trip.com Group Limited (NASDAQ:TCOM) by 0.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 739,180 shares of the company’s stock after acquiring an additional 1,560 shares during the period. Mackenzie Financial Corp’s holdings in Trip.com Group were worth $26,618,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Nordea Investment Management AB grew its stake in Trip.com Group by 1,628.6% in the 4th quarter. Nordea Investment Management AB now owns 1,177,866 shares of the company’s stock worth $42,368,000 after buying an additional 1,109,727 shares in the last quarter. Sequoia Financial Advisors LLC boosted its stake in shares of Trip.com Group by 137.7% in the 4th quarter. Sequoia Financial Advisors LLC now owns 35,656 shares of the company’s stock valued at $1,284,000 after purchasing an additional 20,654 shares in the last quarter. ANTIPODES PARTNERS Ltd boosted its stake in shares of Trip.com Group by 112.3% in the 4th quarter. ANTIPODES PARTNERS Ltd now owns 187,989 shares of the company’s stock valued at $6,769,000 after purchasing an additional 99,460 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Trip.com Group by 2.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,172,916 shares of the company’s stock valued at $145,927,000 after purchasing an additional 81,201 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its stake in shares of Trip.com Group by 98.2% in the 3rd quarter. Acadian Asset Management LLC now owns 5,438,991 shares of the company’s stock valued at $190,164,000 after purchasing an additional 2,695,221 shares in the last quarter. Hedge funds and other institutional investors own 35.41% of the company’s stock.

Analyst Upgrades and Downgrades

TCOM has been the subject of a number of research reports. StockNews.com raised shares of Trip.com Group from a “hold” rating to a “buy” rating in a research note on Friday, February 23rd. Barclays increased their price target on shares of Trip.com Group from $56.00 to $60.00 and gave the company an “overweight” rating in a research report on Thursday, February 22nd. HSBC increased their price target on shares of Trip.com Group from $50.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, April 12th. Citigroup increased their price target on shares of Trip.com Group from $53.00 to $55.00 and gave the company a “buy” rating in a research report on Monday, April 1st. Finally, Mizuho increased their price target on shares of Trip.com Group from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, February 22nd. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, Trip.com Group currently has an average rating of “Moderate Buy” and a consensus price target of $53.67.

Trip.com Group Stock Down 0.8 %

Shares of Trip.com Group stock opened at $48.26 on Thursday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.23 and a quick ratio of 1.17. The company has a 50-day moving average of $44.65 and a 200 day moving average of $38.38. The firm has a market cap of $31.18 billion, a price-to-earnings ratio of 23.31 and a beta of 0.56. Trip.com Group Limited has a 1 year low of $30.70 and a 1 year high of $50.63.

Trip.com Group (NASDAQ:TCOM) last issued its quarterly earnings results on Wednesday, February 21st. The company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.29. The company had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.42 billion. Trip.com Group had a net margin of 22.43% and a return on equity of 9.35%. As a group, sell-side analysts anticipate that Trip.com Group Limited will post 2.54 earnings per share for the current fiscal year.

Trip.com Group Company Profile

Trip.com Group Limited 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.