Bank of America Corp DE Increases Position in Trip.com Group Limited (NASDAQ:TCOM)

Bank of America Corp DE increased its stake in Trip.com Group Limited (NASDAQ:TCOM – Get Rating) by 17.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,424,679 shares of the company’s stock after purchasing an additional 209,927 shares during the quarter. Bank of America Corp DE’s holdings in Trip.com Group were worth $49,009,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. BlackRock Inc. grew its stake in Trip.com Group by 18.1% in the 1st quarter. BlackRock Inc. now owns 25,456,730 shares of the company’s stock valued at $588,559,000 after acquiring an additional 3,893,531 shares during the last quarter. Marshall Wace LLP grew its stake in Trip.com Group by 342.6% in the 3rd quarter. Marshall Wace LLP now owns 3,463,775 shares of the company’s stock valued at $94,594,000 after acquiring an additional 2,681,164 shares during the last quarter. Axiom Investors LLC DE grew its stake in Trip.com Group by 70.1% in the 4th quarter. Axiom Investors LLC DE now owns 4,421,370 shares of the company’s stock valued at $152,095,000 after acquiring an additional 1,821,840 shares during the last quarter. Ninety One UK Ltd acquired a new stake in Trip.com Group in the 4th quarter valued at about $58,450,000. Finally, Assenagon Asset Management S.A. grew its stake in Trip.com Group by 135.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 2,837,842 shares of the company’s stock valued at $97,622,000 after acquiring an additional 1,632,433 shares during the last quarter. Hedge funds and other institutional investors own 52.13% of the company’s stock.

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Trip.com Group Price Performance

TCOM opened at $35.12 on Wednesday. The company’s 50 day simple moving average is $34.68 and its 200 day simple moving average is $35.25. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.00 and a current ratio of 1.00. Trip.com Group Limited has a 1 year low of $19.25 and a 1 year high of $40.17. The stock has a market capitalization of $22.52 billion, a PE ratio of 125.43 and a beta of 0.53.

Trip.com Group (NASDAQ:TCOM – Get Rating) last released its earnings results on Monday, March 6th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.20. Trip.com Group had a net margin of 6.45% and a return on equity of 0.31%. The business had revenue of $729.00 million for the quarter, compared to analysts’ expectations of $699.15 million. As a group, sell-side analysts expect that Trip.com Group Limited will post 0.9 EPS for the current year.

Analyst Ratings Changes

TCOM has been the topic of a number of research reports. StockNews.com initiated coverage on shares of Trip.com Group in a research note on Thursday, May 18th. They issued a “hold” rating on the stock. Barclays increased their price objective on shares of Trip.com Group from $40.00 to $46.00 and gave the company an “overweight” rating in a research note on Wednesday, March 8th. Benchmark raised their price target on shares of Trip.com Group from $52.00 to $55.00 and gave the stock a “buy” rating in a research note on Tuesday, March 7th. Jefferies Financial Group raised their price target on shares of Trip.com Group from $45.00 to $48.00 in a research note on Tuesday, March 7th. Finally, HSBC raised their price target on shares of Trip.com Group from $44.00 to $48.00 and gave the stock a “buy” rating in a research note on Wednesday, March 8th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $44.70.

Trip.com Group Profile

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Trip.com Group Ltd. engages in the provision of travel-related services. It provides hotel accommodations, airline tickets, packaged tours, corporate travel management services, property management systems and advertising services. The company was founded by Jian Zhang Liang, Min Fan, Nan Peng Shen and Qi Ji in June 1999 and is headquartered in Shanghai, China.

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