Central Asset Investments & Management Holdings HK Ltd Buys New Position in Trip.com Group Limited (NASDAQ:TCOM)

Central Asset Investments & Management Holdings HK Ltd purchased a new position in Trip.com Group Limited (NASDAQ:TCOM) during the 3rd quarter, Holdings Channel reports. The fund purchased 44,000 shares of the company’s stock, valued at approximately $2,615,000. Trip.com Group comprises 2.6% of Central Asset Investments & Management Holdings HK Ltd’s holdings, making the stock its 13th largest holding.

Several other institutional investors and hedge funds have also modified their holdings of TCOM. Fifth Third Bancorp increased its holdings in Trip.com Group by 1,188.0% in the 2nd quarter. Fifth Third Bancorp now owns 1,069 shares of the company’s stock worth $50,000 after acquiring an additional 986 shares in the last quarter. Hilltop National Bank grew its stake in Trip.com Group by 322.1% during the second quarter. Hilltop National Bank now owns 1,148 shares of the company’s stock valued at $54,000 after acquiring an additional 876 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its position in Trip.com Group by 72.3% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,165 shares of the company’s stock valued at $55,000 after purchasing an additional 489 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Trip.com Group in the 2nd quarter worth $66,000. Finally, Whittier Trust Co. of Nevada Inc. bought a new stake in shares of Trip.com Group in the 2nd quarter worth about $74,000. Hedge funds and other institutional investors own 35.41% of the company’s stock.

Trip.com Group Stock Down 0.7 %

Shares of NASDAQ TCOM opened at $59.49 on Friday. The stock has a market capitalization of $38.32 billion, a PE ratio of 20.80 and a beta of 0.39. 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 Limited has a 12-month low of $31.55 and a 12-month high of $69.67. The stock’s fifty day simple moving average is $59.33 and its two-hundred day simple moving average is $52.09.

Trip.com Group (NASDAQ:TCOM) last posted its earnings results on Monday, August 26th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.22. Trip.com Group had a return on equity of 11.52% and a net margin of 28.78%. The company had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.80 billion. As a group, analysts expect that Trip.com Group Limited will post 2.93 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on TCOM shares. Hsbc Global Res lowered Trip.com Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 8th. Sanford C. Bernstein began coverage on shares of Trip.com Group in a research note on Monday, November 4th. They set an “outperform” rating and a $85.00 price objective for the company. Macquarie raised shares of Trip.com Group to a “strong-buy” rating in a research note on Monday, October 7th. Mizuho lifted their price target on shares of Trip.com Group from $65.00 to $78.00 and gave the stock an “outperform” rating in a research note on Tuesday. Finally, Benchmark reissued a “buy” rating and issued a $72.00 price objective on shares of Trip.com Group in a research report on Tuesday, August 27th. Five analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $68.33.

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.