Tairen Capital Ltd Makes New Investment in Trip.com Group Limited (NASDAQ:TCOM)

Tairen Capital Ltd bought a new stake in Trip.com Group Limited (NASDAQ:TCOM) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 8,050 shares of the company’s stock, valued at approximately $378,000. Trip.com Group makes up approximately 0.0% of Tairen Capital Ltd’s holdings, making the stock its 26th biggest holding.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. 1832 Asset Management L.P. raised its position in Trip.com Group by 4,800.0% during the second quarter. 1832 Asset Management L.P. now owns 1,399,298 shares of the company’s stock valued at $65,767,000 after purchasing an additional 1,370,741 shares in the last quarter. Frank Rimerman Advisors LLC bought a new position in shares of Trip.com Group in the 2nd quarter valued at $506,000. Oaktree Fund Advisors LLC acquired a new position in shares of Trip.com Group during the 2nd quarter worth $3,043,000. Thrivent Financial for Lutherans bought a new stake in shares of Trip.com Group during the 2nd quarter worth $3,662,000. Finally, Canada Pension Plan Investment Board boosted its stake 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. Institutional investors own 35.41% of the company’s stock.

Analyst Upgrades and Downgrades

TCOM has been the subject of several research analyst reports. Benchmark reissued a “buy” rating and set a $72.00 target price on shares of Trip.com Group in a research note on Tuesday, August 27th. StockNews.com cut shares of Trip.com Group from a “buy” rating to a “hold” rating in a research report on Tuesday, August 13th. Finally, TD Cowen cut their target price on shares of 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. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $62.50.

Trip.com Group Stock Up 2.6 %

Trip.com Group stock opened at $48.66 on Monday. The firm has a market cap of $31.34 billion, a price-to-earnings ratio of 21.92 and a beta of 0.39. Trip.com Group Limited has a 52-week low of $31.55 and a 52-week high of $58.00. 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 firm has a 50 day moving average price of $44.68 and a two-hundred day moving average price of $47.80.

Trip.com Group (NASDAQ:TCOM) last announced its earnings results on Monday, August 26th. The company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates 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 net margin of 28.78% and a return on equity of 11.52%. Equities analysts predict that Trip.com Group Limited will post 2.88 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.