Trip.com Group Limited (NASDAQ:TCOM) Shares Purchased by Cerity Partners LLC

Cerity Partners LLC raised its stake in shares of Trip.com Group Limited (NASDAQ:TCOM) by 2.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,071 shares of the company’s stock after acquiring an additional 328 shares during the period. Cerity Partners LLC’s holdings in Trip.com Group were worth $435,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Harel Insurance Investments & Financial Services Ltd. purchased a new position in Trip.com Group in the third quarter worth approximately $66,000. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in Trip.com Group by 21.1% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,245 shares of the company’s stock valued at $114,000 after purchasing an additional 566 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Trip.com Group by 10.9% during the 3rd quarter. PNC Financial Services Group Inc. now owns 4,102 shares of the company’s stock valued at $143,000 after acquiring an additional 402 shares during the last quarter. Lester Murray Antman dba SimplyRich acquired a new position in shares of Trip.com Group during the 4th quarter valued at about $210,000. Finally, Ballentine Partners LLC acquired a new position in shares of Trip.com Group during the 4th quarter valued at about $217,000. Hedge funds and other institutional investors own 35.41% of the company’s stock.

Trip.com Group Stock Down 0.4 %

Shares of Trip.com Group stock opened at $50.42 on Friday. The firm has a market cap of $32.57 billion, a price-to-earnings ratio of 24.36 and a beta of 0.56. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.23 and a quick ratio of 1.17. Trip.com Group Limited has a 52-week low of $30.70 and a 52-week high of $51.26. The stock has a 50-day simple moving average of $45.81 and a 200-day simple moving average of $39.01.

Trip.com Group (NASDAQ:TCOM) last released its quarterly earnings data on Wednesday, February 21st. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.29. The business had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.42 billion. Trip.com Group had a return on equity of 9.35% and a net margin of 22.43%. On average, equities research analysts expect that Trip.com Group Limited will post 2.54 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

TCOM has been the subject of a number of research analyst reports. Benchmark reissued a “buy” rating and set a $55.00 target price on shares of Trip.com Group in a research report on Wednesday, April 17th. StockNews.com raised Trip.com Group from a “hold” rating to a “buy” rating in a report on Friday, February 23rd. HSBC lifted their target price on Trip.com Group from $50.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, April 12th. Barclays lifted their target price on Trip.com Group from $56.00 to $60.00 and gave the stock an “overweight” rating in a report on Thursday, February 22nd. Finally, Mizuho increased their price target on 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 analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $53.67.

Trip.com Group 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.