Natixis Acquires 9,763 Shares of Trip.com Group Limited (NASDAQ:TCOM)

Natixis raised its position in shares of Trip.com Group Limited (NASDAQ:TCOM) by 50.9% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 28,960 shares of the company’s stock after purchasing an additional 9,763 shares during the quarter. Natixis’ holdings in Trip.com Group were worth $1,271,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in TCOM. Benjamin F. Edwards & Company Inc. raised its holdings in shares of Trip.com Group by 90.4% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 952 shares of the company’s stock worth $34,000 after acquiring an additional 452 shares in the last quarter. Clarity Asset Management Inc. bought a new stake in Trip.com Group in the fourth quarter worth $66,000. Atlas Capital Advisors LLC bought a new stake in Trip.com Group in the first quarter worth $74,000. Parallel Advisors LLC lifted its position in Trip.com Group by 14.5% in the fourth quarter. Parallel Advisors LLC now owns 3,396 shares of the company’s stock worth $122,000 after buying an additional 430 shares during the last quarter. Finally, Barometer Capital Management Inc. bought a new stake in Trip.com Group in the fourth quarter worth $122,000. 35.41% of the stock is currently owned by institutional investors.

Trip.com Group Stock Down 4.1 %

Shares of Trip.com Group stock traded down $1.85 during trading on Thursday, hitting $43.43. 4,973,201 shares of the stock traded hands, compared to its average volume of 3,687,142. Trip.com Group Limited has a 52-week low of $31.55 and a 52-week high of $58.00. The stock’s fifty day simple moving average is $49.94 and its 200 day simple moving average is $46.32. The firm has a market cap of $27.97 billion, a P/E ratio of 19.56 and a beta of 0.42. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.07.

Trip.com Group (NASDAQ:TCOM) last issued its quarterly earnings data on Monday, May 20th. The company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.21. The company had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.61 billion. Trip.com Group had a return on equity of 10.73% and a net margin of 22.99%. On average, equities analysts predict that Trip.com Group Limited will post 2.89 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on TCOM shares. StockNews.com upgraded Trip.com Group from a “hold” rating to a “buy” rating in a research note on Friday, July 19th. CLSA increased their target price on Trip.com Group from $55.00 to $64.00 and gave the stock a “buy” rating in a research note on Monday, May 13th. Mizuho increased their target price on Trip.com Group from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday, May 21st. TD Cowen increased their target price on Trip.com Group from $53.00 to $63.00 and gave the stock a “buy” rating in a research note on Tuesday, May 21st. Finally, Benchmark reiterated a “buy” rating and issued a $72.00 target price on shares of Trip.com Group in a research note on Wednesday, June 12th. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $61.89.

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.