Trip.com Group Limited (NASDAQ:TCOM) Stake Increased by Marshall Wace LLP

Marshall Wace LLP increased its position in shares of Trip.com Group Limited (NASDAQ:TCOM) by 89.6% in the 2nd quarter, Holdings Channel.com reports. The fund owned 1,703,234 shares of the company’s stock after buying an additional 804,885 shares during the quarter. Marshall Wace LLP’s holdings in Trip.com Group were worth $80,052,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Fifth Third Bancorp raised its holdings in shares of Trip.com Group by 1,188.0% during the second quarter. Fifth Third Bancorp now owns 1,069 shares of the company’s stock worth $50,000 after acquiring an additional 986 shares in the last quarter. Hilltop National Bank raised its holdings in shares of Trip.com Group by 322.1% during the second quarter. Hilltop National Bank now owns 1,148 shares of the company’s stock worth $54,000 after acquiring an additional 876 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its holdings in shares of Trip.com Group by 72.3% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,165 shares of the company’s stock worth $55,000 after acquiring an additional 489 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Trip.com Group during the second quarter worth $66,000. Finally, Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of Trip.com Group during the second quarter worth $74,000. 35.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. StockNews.com lowered Trip.com Group from a “buy” rating to a “hold” rating in a report on Tuesday, August 13th. TD Cowen reduced their price target on Trip.com Group from $63.00 to $56.00 and set a “buy” rating for the company in a research report on Tuesday, August 27th. Finally, Benchmark reaffirmed a “buy” rating and issued a $72.00 price target on shares of Trip.com Group in a research report on Tuesday, August 27th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $62.50.

Trip.com Group Trading Up 8.1 %

Shares of TCOM opened at $53.06 on Wednesday. Trip.com Group Limited has a 12-month low of $31.55 and a 12-month high of $58.00. 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 firm has a market capitalization of $34.18 billion, a price-to-earnings ratio of 23.90 and a beta of 0.39. The stock’s 50-day moving average price is $44.70 and its 200 day moving average price is $47.84.

Trip.com Group (NASDAQ:TCOM) last released its quarterly earnings data on Monday, August 26th. The company reported $0.87 earnings per share 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 analyst estimates of $1.80 billion. As a group, research analysts predict that Trip.com Group Limited will post 2.88 earnings per share for the current year.

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.