Citigroup Inc. Grows Position in Trip.com Group Limited (NASDAQ:TCOM)

Citigroup Inc. raised its holdings in shares of Trip.com Group Limited (NASDAQ:TCOM) by 45.6% during the third quarter, according to its most recent filing with the SEC. The firm owned 310,154 shares of the company’s stock after purchasing an additional 97,067 shares during the period. Citigroup Inc.’s holdings in Trip.com Group were worth $18,432,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. 1832 Asset Management L.P. boosted its stake in shares of Trip.com Group by 4,800.0% during the second quarter. 1832 Asset Management L.P. now owns 1,399,298 shares of the company’s stock valued at $65,767,000 after purchasing an additional 1,370,741 shares in the last quarter. Marshall Wace LLP lifted its holdings in Trip.com Group by 89.6% during the second quarter. Marshall Wace LLP now owns 1,703,234 shares of the company’s stock worth $80,052,000 after buying an additional 804,885 shares during the period. New York State Common Retirement Fund boosted its position in Trip.com Group by 155.1% during the 3rd quarter. New York State Common Retirement Fund now owns 1,145,863 shares of the company’s stock valued at $68,099,000 after acquiring an additional 696,766 shares in the last quarter. Cantillon Capital Management LLC increased its holdings in shares of Trip.com Group by 14.9% in the 3rd quarter. Cantillon Capital Management LLC now owns 4,868,383 shares of the company’s stock valued at $289,328,000 after acquiring an additional 629,508 shares during the period. Finally, Valliance Asset Management Ltd raised its position in shares of Trip.com Group by 745.5% in the 3rd quarter. Valliance Asset Management Ltd now owns 702,600 shares of the company’s stock worth $41,756,000 after acquiring an additional 619,500 shares in the last quarter. Institutional investors own 35.41% of the company’s stock.

Trip.com Group Stock Performance

Shares of TCOM opened at $62.90 on Wednesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.42 and a current ratio of 1.42. The stock has a 50-day moving average of $61.65 and a two-hundred day moving average of $52.67. The stock has a market cap of $40.51 billion, a P/E ratio of 18.83, a P/E/G ratio of 1.08 and a beta of 0.39. Trip.com Group Limited has a one year low of $32.42 and a one year high of $69.67.

Trip.com Group (NASDAQ:TCOM) last released its earnings results on Monday, August 26th. The company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates 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. As a group, research analysts predict that Trip.com Group Limited will post 2.93 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Macquarie raised their price objective on Trip.com Group from $75.40 to $80.80 and gave the company an “outperform” rating in a research report on Wednesday, November 20th. TD Cowen boosted their price objective on shares of Trip.com Group from $56.00 to $71.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Citigroup raised their target price on shares of Trip.com Group from $66.00 to $72.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. HSBC raised Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a research report on Tuesday, November 19th. Finally, Sanford C. Bernstein initiated coverage on Trip.com Group in a research report on Monday, November 4th. They issued an “outperform” rating and a $85.00 price objective for the company. Eleven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $74.18.

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.