RWC Asset Advisors US LLC Purchases 2,229 Shares of Trip.com Group Limited (NASDAQ:TCOM)

RWC Asset Advisors US LLC lifted its position in Trip.com Group Limited (NASDAQ:TCOM) by 0.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 402,250 shares of the company’s stock after acquiring an additional 2,229 shares during the quarter. Trip.com Group accounts for approximately 1.1% of RWC Asset Advisors US LLC’s investment portfolio, making the stock its 12th largest holding. RWC Asset Advisors US LLC’s holdings in Trip.com Group were worth $14,485,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Simplicity Solutions LLC raised its holdings in Trip.com Group by 0.9% in the third quarter. Simplicity Solutions LLC now owns 121,415 shares of the company’s stock worth $4,246,000 after purchasing an additional 1,053 shares in the last quarter. Hardman Johnston Global Advisors LLC bought a new position in Trip.com Group in the third quarter worth about $353,000. Deltec Asset Management LLC bought a new position in Trip.com Group in the third quarter worth about $682,000. Raymond James & Associates raised its holdings in Trip.com Group by 24.1% in the third quarter. Raymond James & Associates now owns 122,973 shares of the company’s stock worth $4,300,000 after purchasing an additional 23,920 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. raised its holdings in Trip.com Group by 21.1% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,245 shares of the company’s stock worth $114,000 after purchasing an additional 566 shares in the last quarter. 35.41% of the stock is currently owned by institutional investors.

Trip.com Group Stock Performance

NASDAQ TCOM traded up $0.18 during trading hours on Friday, reaching $50.60. The stock had a trading volume of 4,542,364 shares, compared to its average volume of 3,440,245. The stock has a fifty day moving average of $45.99 and a 200 day moving average of $39.13. The stock has a market cap of $32.69 billion, a P/E ratio of 24.44 and a beta of 0.56. Trip.com Group Limited has a 52-week low of $30.70 and a 52-week high of $51.89. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.17 and a current ratio of 1.23.

Trip.com Group (NASDAQ:TCOM) last issued its earnings results on Wednesday, February 21st. The company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.29. The firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.42 billion. Trip.com Group had a return on equity of 9.35% and a net margin of 22.43%. Sell-side analysts predict that Trip.com Group Limited will post 2.54 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Mizuho boosted their target price on shares of Trip.com Group from $55.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. StockNews.com upgraded shares of Trip.com Group from a “hold” rating to a “buy” rating in a report on Friday, February 23rd. Benchmark reiterated a “buy” rating and issued a $55.00 target price on shares of Trip.com Group in a report on Wednesday, April 17th. HSBC boosted their target price on shares of Trip.com Group from $50.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, April 12th. Finally, Barclays boosted their price target on Trip.com Group from $56.00 to $60.00 and gave the stock an “overweight” rating in a research note on Thursday, February 22nd. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, Trip.com Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $53.67.

Trip.com Group Company Profile

Trip.com Group Limited 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.