Natixis Advisors LLC Increases Stock Position in Trip.com Group Limited (NASDAQ:TCOM)

Natixis Advisors LLC lifted its holdings in shares of Trip.com Group Limited (NASDAQ:TCOM) by 10.0% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 42,561 shares of the company’s stock after purchasing an additional 3,883 shares during the period. Natixis Advisors LLC’s holdings in Trip.com Group were worth $2,529,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the business. Ninety One UK Ltd lifted its holdings in Trip.com Group by 1.3% in the second quarter. Ninety One UK Ltd now owns 2,748,579 shares of the company’s stock valued at $129,183,000 after acquiring an additional 36,122 shares during the period. Marshall Wace LLP grew its position in Trip.com Group by 89.6% during the second quarter. Marshall Wace LLP now owns 1,703,234 shares of the company’s stock worth $80,052,000 after buying an additional 804,885 shares during the period. Canada Pension Plan Investment Board increased its holdings in Trip.com Group by 5.5% in the second quarter. Canada Pension Plan Investment Board now owns 1,663,400 shares of the company’s stock valued at $78,180,000 after buying an additional 86,400 shares in the last quarter. 1832 Asset Management L.P. lifted its position in shares of Trip.com Group by 4,800.0% during the 2nd quarter. 1832 Asset Management L.P. now owns 1,399,298 shares of the company’s stock valued at $65,767,000 after acquiring an additional 1,370,741 shares during the period. Finally, New York State Common Retirement Fund lifted its position in shares of Trip.com Group by 155.1% during the 3rd quarter. New York State Common Retirement Fund now owns 1,145,863 shares of the company’s stock valued at $68,099,000 after acquiring an additional 696,766 shares during the period. 35.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TCOM has been the subject of several research analyst reports. HSBC raised Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a research note on Tuesday, November 19th. Hsbc Global Res raised Trip.com Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 19th. StockNews.com raised shares of Trip.com Group from a “hold” rating to a “buy” rating in a research note on Wednesday, November 20th. Barclays raised their target price on shares of Trip.com Group from $76.00 to $84.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. Finally, Mizuho upped their price target on shares of Trip.com Group from $65.00 to $78.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Eleven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $74.18.

Trip.com Group Stock Down 2.3 %

Shares of NASDAQ TCOM opened at $63.64 on Monday. The firm has a market cap of $40.99 billion, a P/E ratio of 19.05, a price-to-earnings-growth ratio of 1.10 and a beta of 0.39. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.32 and a current ratio of 1.42. Trip.com Group Limited has a 1 year low of $32.42 and a 1 year high of $69.67. The firm’s 50 day moving average price is $60.97 and its 200 day moving average price is $52.52.

Trip.com Group (NASDAQ:TCOM) last released its earnings results on Monday, August 26th. The company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.22. The firm had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.80 billion. Trip.com Group had a return on equity of 12.04% and a net margin of 31.86%. As a group, sell-side analysts anticipate that Trip.com Group Limited will post 2.93 earnings per share 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.