Trip.com Group Limited (NASDAQ:TCOM) Shares Bought by Van ECK Associates Corp

Van ECK Associates Corp lifted its position in shares of Trip.com Group Limited (NASDAQ:TCOM) by 27.7% during the third quarter, Holdings Channel reports. The firm owned 142,745 shares of the company’s stock after acquiring an additional 30,988 shares during the quarter. Van ECK Associates Corp’s holdings in Trip.com Group were worth $8,770,000 as of its most recent filing with the SEC.

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

Trip.com Group Price Performance

Shares of NASDAQ:TCOM opened at $67.06 on Thursday. Trip.com Group Limited has a one year low of $31.55 and a one year high of $69.67. The stock has a market cap of $43.19 billion, a PE ratio of 23.45 and a beta of 0.39. The business’s fifty day moving average price is $57.03 and its two-hundred day moving average price is $51.44. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.32 and a current ratio of 1.32.

Trip.com Group (NASDAQ:TCOM) last posted its quarterly earnings data 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 11.52% and a net margin of 28.78%. The firm had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.80 billion. On average, analysts forecast that Trip.com Group Limited will post 2.93 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on TCOM shares. Citigroup increased their price objective on Trip.com Group from $66.00 to $72.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. TD Cowen reduced their price objective on shares of Trip.com Group from $63.00 to $56.00 and set a “buy” rating for the company in a research note on Tuesday, August 27th. Benchmark restated a “buy” rating and set a $72.00 target price on shares of Trip.com Group in a research report on Tuesday, August 27th. Macquarie upgraded shares of Trip.com Group to a “strong-buy” rating in a research report on Monday, October 7th. Finally, Sanford C. Bernstein assumed coverage on Trip.com Group in a report on Monday. They issued an “outperform” rating and a $85.00 price target on the stock. Five investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $66.89.

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.