35,697 Shares in Trip.com Group Limited (NASDAQ:TCOM) Purchased by Maverick Capital Ltd.

Maverick Capital Ltd. purchased a new position in Trip.com Group Limited (NASDAQ:TCOM) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 35,697 shares of the company’s stock, valued at approximately $1,678,000.

A number of other institutional investors also recently bought and sold shares of the stock. MBB Public Markets I LLC bought a new position in Trip.com Group in the second quarter worth about $898,000. AXA S.A. raised its stake in Trip.com Group by 17.9% in the second quarter. AXA S.A. now owns 157,009 shares of the company’s stock worth $7,379,000 after buying an additional 23,819 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in Trip.com Group in the second quarter worth about $10,795,000. Squarepoint Ops LLC raised its stake in Trip.com Group by 10.8% in the second quarter. Squarepoint Ops LLC now owns 66,354 shares of the company’s stock worth $3,119,000 after buying an additional 6,454 shares in the last quarter. Finally, Fred Alger Management LLC raised its stake in Trip.com Group by 57.7% in the second quarter. Fred Alger Management LLC now owns 287,204 shares of the company’s stock worth $13,499,000 after buying an additional 105,105 shares in the last quarter. 35.41% of the stock is owned by institutional investors.

Trip.com Group Trading Up 8.2 %

NASDAQ:TCOM opened at $61.32 on Friday. The company’s 50 day moving average price is $45.45 and its 200-day moving average price is $48.11. Trip.com Group Limited has a 52 week low of $31.55 and a 52 week high of $61.65. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.15. The stock has a market cap of $39.50 billion, a price-to-earnings ratio of 27.62 and a beta of 0.39.

Trip.com Group (NASDAQ:TCOM) last posted its quarterly earnings results on Monday, August 26th. The company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.22. Trip.com Group had a net margin of 28.78% and a return on equity of 11.52%. The firm had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.80 billion. On average, equities research analysts forecast that Trip.com Group Limited will post 2.88 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on TCOM shares. Benchmark reaffirmed a “buy” rating and set a $72.00 target price on shares of Trip.com Group in a research note on Tuesday, August 27th. TD Cowen decreased their target price on shares of Trip.com Group from $63.00 to $56.00 and set a “buy” rating for the company in a research note on Tuesday, August 27th. Finally, StockNews.com downgraded shares of Trip.com Group from a “buy” rating to a “hold” rating in a research note on Tuesday, August 13th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $62.50.

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.