Trip.com Group Limited (NASDAQ:TCOM) Shares Bought by Matthews International Capital Management LLC

Matthews International Capital Management LLC grew its stake in Trip.com Group Limited (NASDAQ:TCOM) by 6.2% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 644,541 shares of the company’s stock after buying an additional 37,804 shares during the period. Trip.com Group makes up 5.6% of Matthews International Capital Management LLC’s investment portfolio, making the stock its 6th biggest position. Matthews International Capital Management LLC’s holdings in Trip.com Group were worth $28,289,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Cerity Partners LLC boosted its position in shares of Trip.com Group by 2.8% during the 4th quarter. Cerity Partners LLC now owns 12,071 shares of the company’s stock valued at $435,000 after purchasing an additional 328 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in Trip.com Group by 10.9% in the third quarter. PNC Financial Services Group Inc. now owns 4,102 shares of the company’s stock worth $143,000 after acquiring an additional 402 shares in the last quarter. Parallel Advisors LLC grew its stake in Trip.com Group by 14.5% in the fourth quarter. Parallel Advisors LLC now owns 3,396 shares of the company’s stock valued at $122,000 after acquiring an additional 430 shares during the period. Benjamin F. Edwards & Company Inc. grew its stake in Trip.com Group by 90.4% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 952 shares of the company’s stock valued at $34,000 after acquiring an additional 452 shares during the period. Finally, Natixis Advisors L.P. grew its stake in Trip.com Group by 2.4% in the fourth quarter. Natixis Advisors L.P. now owns 24,011 shares of the company’s stock valued at $865,000 after acquiring an additional 562 shares during the period. Institutional investors and hedge funds own 35.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Citigroup raised their price objective on Trip.com Group from $53.00 to $55.00 and gave the company a “buy” rating in a research note on Monday, April 1st. Mizuho raised their price objective on Trip.com Group from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, May 21st. CLSA raised their target price on Trip.com Group from $55.00 to $64.00 and gave the company a “buy” rating in a report on Monday, May 13th. StockNews.com upgraded Trip.com Group from a “hold” rating to a “buy” rating in a report on Wednesday, May 22nd. Finally, HSBC raised their target price on Trip.com Group from $50.00 to $60.00 and gave the company a “buy” rating in a report on Friday, April 12th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, Trip.com Group presently has an average rating of “Moderate Buy” and a consensus price target of $61.89.

Trip.com Group Stock Performance

Trip.com Group stock traded up $0.40 during mid-day trading on Wednesday, reaching $48.87. 2,594,965 shares of the company’s stock were exchanged, compared to its average volume of 3,798,119. The firm has a market capitalization of $31.48 billion, a PE ratio of 21.96 and a beta of 0.44. The business’s fifty day simple moving average is $51.64 and its 200 day simple moving average is $44.48. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.07. Trip.com Group Limited has a one year low of $31.55 and a one year high of $58.00.

Trip.com Group (NASDAQ:TCOM) last issued its earnings results on Monday, May 20th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.21. The firm had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.61 billion. Trip.com Group had a return on equity of 10.73% and a net margin of 22.99%. On average, sell-side analysts expect that Trip.com Group Limited will post 2.66 earnings per share for the current year.

Trip.com Group 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.