Profund Advisors LLC purchased a new position in Trip.com Group Limited (NASDAQ:TCOM) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 90,161 shares of the company’s stock, valued at approximately $3,024,000.
Several other large investors have also added to or reduced their stakes in TCOM. Herald Investment Management Ltd acquired a new position in shares of Trip.com Group in the third quarter worth about $486,000. Neumann Advisory Hong Kong Ltd acquired a new position in shares of Trip.com Group in the fourth quarter worth about $5,240,000. DNB Asset Management AS bought a new stake in Trip.com Group in the fourth quarter valued at about $16,612,000. KCS Wealth Advisory bought a new stake in Trip.com Group in the fourth quarter valued at about $391,000. Finally, Assenagon Asset Management S.A. bought a new stake in Trip.com Group in the fourth quarter valued at about $8,239,000. Institutional investors and hedge funds own 65.52% of the company’s stock.
Several brokerages recently weighed in on TCOM. ValuEngine raised Trip.com Group from a “sell” rating to a “hold” rating in a report on Friday, January 24th. Daiwa Capital Markets lowered Trip.com Group from an “outperform” rating to a “neutral” rating in a report on Tuesday, March 10th. HSBC lowered Trip.com Group from a “buy” rating to a “hold” rating in a report on Wednesday, February 5th. Zacks Investment Research lowered Trip.com Group from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. Finally, Bank of America lowered their price objective on Trip.com Group from $39.00 to $37.00 and set a “buy” rating for the company in a report on Tuesday, February 18th. Eight analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Trip.com Group presently has a consensus rating of “Hold” and an average price target of $33.76.
Trip.com Group (NASDAQ:TCOM) last posted its earnings results on Wednesday, March 18th. The company reported $1.94 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $1.95. The company had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.18 billion. Trip.com Group had a return on equity of 4.85% and a net margin of 19.97%. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. Equities research analysts predict that Trip.com Group Limited will post 0.28 earnings per share for the current fiscal year.
Trip.com Group Profile
Trip.com Group Limited operates as a travel service provider for accommodation reservation, transportation ticketing, packaged tours, and corporate travel management in China. The company acts as an agent for hotel-related transactions and selling air tickets; and provides other related services, including sale of aviation and train insurance, air-ticket delivery services, online check-in, and other value-added services, such as online seat selection, express security check, and real-time flight status.
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