Creative Planning Acquires 423 Shares of Trip.com Group Limited (NASDAQ:TCOM)

Creative Planning boosted its stake in Trip.com Group Limited (NASDAQ:TCOM) by 1.7% during the 3rd quarter, Holdings Channel reports. The firm owned 25,622 shares of the company’s stock after buying an additional 423 shares during the quarter. Creative Planning’s holdings in Trip.com Group were worth $1,523,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Diversified Trust Co boosted its stake in Trip.com Group by 1.5% during the first quarter. Diversified Trust Co now owns 24,686 shares of the company’s stock valued at $1,083,000 after buying an additional 375 shares during the last quarter. Van ECK Associates Corp purchased a new stake in shares of Trip.com Group during the 1st quarter worth approximately $3,000,000. Private Advisor Group LLC bought a new position in shares of Trip.com Group during the 1st quarter valued at approximately $423,000. Janney Montgomery Scott LLC purchased a new position in shares of Trip.com Group in the first quarter valued at $740,000. Finally, Nordea Investment Management AB increased its position in Trip.com Group by 12.7% in the first quarter. Nordea Investment Management AB now owns 1,327,429 shares of the company’s stock worth $58,818,000 after purchasing an additional 149,563 shares during the last quarter. Institutional investors own 35.41% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Benchmark reiterated a “buy” rating and set a $72.00 price objective on shares of Trip.com Group in a research report on Tuesday, August 27th. StockNews.com downgraded shares of Trip.com Group from a “buy” rating to a “hold” rating in a report on Tuesday, August 13th. Macquarie upgraded Trip.com Group to a “strong-buy” rating in a research report on Monday, October 7th. TD Cowen decreased their price objective on Trip.com Group from $63.00 to $56.00 and set a “buy” rating on the stock in a research report on Tuesday, August 27th. Finally, HSBC cut Trip.com Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 8th. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Trip.com Group currently has an average rating of “Moderate Buy” and a consensus target price of $64.63.

Trip.com Group Trading Down 0.3 %

TCOM opened at $64.89 on Wednesday. Trip.com Group Limited has a one year low of $31.55 and a one year high of $69.67. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.32 and a current ratio of 1.32. The stock has a market cap of $41.79 billion, a price-to-earnings ratio of 22.69 and a beta of 0.41. The stock’s 50 day moving average price is $54.33 and its 200-day moving average price is $50.71.

Trip.com Group (NASDAQ:TCOM) last announced its quarterly earnings data on Monday, August 26th. The company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.65 by $0.22. Trip.com Group had a return on equity of 11.52% and a net margin of 28.78%. The company had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.80 billion. On average, equities analysts forecast that Trip.com Group Limited will post 2.93 EPS 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.