JPMorgan Chase & Co. Has $84.97 Million Holdings in Trip.com Group Limited (NASDAQ:TCOM)

Posted by on Jun 7th, 2023

JPMorgan Chase & Co. lessened its holdings in shares of Trip.com Group Limited (NASDAQ:TCOM – Get Rating) by 2.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,469,926 shares of the company’s stock after selling 70,794 shares during the quarter. JPMorgan Chase & Co.’s holdings in Trip.com Group were worth $84,965,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in TCOM. E Fund Management Hong Kong Co. Ltd. raised its stake in Trip.com Group by 136.0% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 298,950 shares of the company’s stock worth $6,424,000 after buying an additional 172,253 shares during the period. Advisor Group Holdings Inc. raised its stake in shares of Trip.com Group by 19.7% in the 1st quarter. Advisor Group Holdings Inc. now owns 6,496 shares of the company’s stock valued at $152,000 after purchasing an additional 1,068 shares during the period. American Century Companies Inc. raised its stake in shares of Trip.com Group by 102.8% in the 1st quarter. American Century Companies Inc. now owns 102,370 shares of the company’s stock valued at $2,367,000 after purchasing an additional 51,896 shares during the period. Natixis Advisors L.P. raised its stake in shares of Trip.com Group by 9.2% in the 1st quarter. Natixis Advisors L.P. now owns 27,367 shares of the company’s stock valued at $632,000 after purchasing an additional 2,312 shares during the period. Finally, BlackRock Inc. raised its stake in shares of 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 purchasing an additional 3,893,531 shares during the period. Institutional investors and hedge funds own 52.13% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on TCOM. Benchmark lifted their price target on Trip.com Group from $52.00 to $55.00 and gave the company a “buy” rating in a research note on Tuesday, March 7th. Barclays lifted their target price on Trip.com Group from $40.00 to $46.00 and gave the company an “overweight” rating in a research report on Wednesday, March 8th. Mizuho lifted their target price on Trip.com Group from $45.00 to $49.00 and gave the company a “buy” rating in a research report on Tuesday, March 7th. HSBC lifted their target price on Trip.com Group from $44.00 to $48.00 and gave the company a “buy” rating in a research report on Wednesday, March 8th. Finally, StockNews.com assumed coverage on Trip.com Group in a research report on Thursday, May 18th. They issued a “hold” rating on the stock. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Trip.com Group has an average rating of “Moderate Buy” and a consensus price target of $44.70.

Trip.com Group Trading Up 3.4 %

Trip.com Group stock opened at $35.12 on Wednesday. Trip.com Group Limited has a 52 week low of $19.25 and a 52 week high of $40.17. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a market capitalization of $22.52 billion, a P/E ratio of 125.43 and a beta of 0.53. The stock has a 50-day simple moving average of $34.68 and a 200 day simple moving average of $35.25.

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

About Trip.com Group

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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.

See Also

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Institutional Ownership by Quarter for Trip.com Group (NASDAQ:TCOM)

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