Diversified Trust Co Purchases 375 Shares of Trip.com Group Limited (NASDAQ:TCOM)

Diversified Trust Co boosted its holdings in shares of Trip.com Group Limited (NASDAQ:TCOM) by 1.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 24,686 shares of the company’s stock after acquiring an additional 375 shares during the quarter. Diversified Trust Co’s holdings in Trip.com Group were worth $1,083,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. boosted its stake in shares of Trip.com Group by 10.9% during the 3rd 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. Envestnet Asset Management Inc. grew its holdings in Trip.com Group by 57.5% during the third quarter. Envestnet Asset Management Inc. now owns 128,704 shares of the company’s stock valued at $4,501,000 after purchasing an additional 46,962 shares during the last quarter. O Shaughnessy Asset Management LLC raised its position in shares of Trip.com Group by 17.5% in the third quarter. O Shaughnessy Asset Management LLC now owns 33,423 shares of the company’s stock valued at $1,169,000 after purchasing an additional 4,988 shares during the period. AXQ Capital LP acquired a new stake in shares of Trip.com Group in the third quarter worth $594,000. Finally, Alps Advisors Inc. bought a new stake in shares of Trip.com Group during the 3rd quarter worth $2,106,000. 35.41% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TCOM has been the subject of a number of research analyst reports. TD Cowen boosted their target price on shares of Trip.com Group from $53.00 to $63.00 and gave the stock a “buy” rating in a research report on Tuesday, May 21st. CLSA increased their target price on Trip.com Group from $55.00 to $64.00 and gave the company a “buy” rating in a research note on Monday, May 13th. Citigroup lifted their price target on Trip.com Group from $53.00 to $55.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. Benchmark reissued a “buy” rating and issued a $72.00 price objective on shares of Trip.com Group in a research report on Wednesday, June 12th. Finally, Mizuho boosted their target price on shares of Trip.com Group from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, May 21st. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Trip.com Group has an average rating of “Moderate Buy” and an average target price of $61.89.

Trip.com Group Price Performance

NASDAQ:TCOM opened at $47.55 on Tuesday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.15 and a current ratio of 1.15. The company has a 50-day moving average of $51.61 and a 200-day moving average of $44.78. Trip.com Group Limited has a 52 week low of $31.55 and a 52 week high of $58.00. The company has a market capitalization of $30.63 billion, a price-to-earnings ratio of 21.42 and a beta of 0.44.

Trip.com Group (NASDAQ:TCOM) last announced its quarterly earnings results on Monday, May 20th. The company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.21. Trip.com Group had a net margin of 22.99% and a return on equity of 10.73%. The firm had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.61 billion. As a group, equities research analysts anticipate that Trip.com Group Limited will post 2.66 earnings per share for the current fiscal year.

About Trip.com Group

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.