Raymond James & Associates Acquires 3,425 Shares of Trip.com Group Limited (NASDAQ:TCOM)

Raymond James & Associates increased its holdings in shares of Trip.com Group Limited (NASDAQ:TCOM) by 9.1% during the 3rd quarter, HoldingsChannel reports. The firm owned 40,998 shares of the company’s stock after purchasing an additional 3,425 shares during the period. Raymond James & Associates’ holdings in Trip.com Group were worth $2,437,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of TCOM. Fifth Third Bancorp raised its position in Trip.com Group by 1,188.0% in the 2nd quarter. Fifth Third Bancorp now owns 1,069 shares of the company’s stock valued at $50,000 after buying an additional 986 shares during the last quarter. Hilltop National Bank raised its position in Trip.com Group by 322.1% in the 2nd quarter. Hilltop National Bank now owns 1,148 shares of the company’s stock valued at $54,000 after buying an additional 876 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its position in Trip.com Group by 72.3% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,165 shares of the company’s stock valued at $55,000 after buying an additional 489 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Trip.com Group in the 2nd quarter valued at approximately $66,000. Finally, Whittier Trust Co. of Nevada Inc. acquired a new stake in Trip.com Group in the 2nd quarter valued at approximately $74,000. Institutional investors own 35.41% of the company’s stock.

Analyst Ratings Changes

TCOM has been the topic of several recent analyst reports. HSBC lowered Trip.com Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Citigroup boosted their price target on Trip.com Group from $66.00 to $72.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. StockNews.com lowered Trip.com Group from a “buy” rating to a “hold” rating in a research report on Tuesday, August 13th. Benchmark reaffirmed a “buy” rating and set a $72.00 price target on shares of Trip.com Group in a research report on Tuesday, August 27th. Finally, Hsbc Global Res lowered Trip.com Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Five equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $66.89.

Trip.com Group Stock Up 1.8 %

TCOM stock opened at $68.42 on Wednesday. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $44.07 billion, a PE ratio of 23.92 and a beta of 0.39. Trip.com Group Limited has a 1-year low of $31.55 and a 1-year high of $69.67. The business’s 50 day simple moving average is $56.61 and its 200 day simple moving average is $51.33.

Trip.com Group (NASDAQ:TCOM) last released its quarterly earnings results on Monday, August 26th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.22. The business had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.80 billion. Trip.com Group had a return on equity of 11.52% and a net margin of 28.78%. As a group, research analysts anticipate that Trip.com Group Limited will post 2.93 EPS for the current year.

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.