Canada Pension Plan Investment Board Raises Stake in Trip.com Group Limited (NASDAQ:TCOM)

Canada Pension Plan Investment Board lifted its position in shares of Trip.com Group Limited (NASDAQ:TCOMGet Rating) by 195.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,886,530 shares of the company’s stock after buying an additional 1,248,220 shares during the quarter. Canada Pension Plan Investment Board owned approximately 0.31% of Trip.com Group worth $43,617,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Pinebridge Investments L.P. acquired a new position in shares of Trip.com Group during the fourth quarter worth $52,000. Exane Derivatives acquired a new position in shares of Trip.com Group during the first quarter worth $78,000. Migdal Insurance & Financial Holdings Ltd. raised its holdings in Trip.com Group by 44.4% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 5,015 shares of the company’s stock valued at $122,000 after acquiring an additional 1,541 shares in the last quarter. Advisor Group Holdings Inc. raised its holdings in Trip.com Group by 19.7% in the first quarter. Advisor Group Holdings Inc. now owns 6,496 shares of the company’s stock valued at $152,000 after acquiring an additional 1,068 shares in the last quarter. Finally, AIA Group Ltd acquired a new stake in Trip.com Group in the first quarter valued at $209,000. 54.08% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on TCOM. Benchmark cut their price target on shares of Trip.com Group from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Tuesday, June 28th. StockNews.com raised shares of Trip.com Group from a “sell” rating to a “hold” rating in a report on Wednesday, July 6th. Citigroup upped their price target on shares of Trip.com Group from $29.00 to $32.00 and gave the company a “buy” rating in a report on Wednesday, June 29th. Finally, Mizuho cut their price target on shares of Trip.com Group from $32.00 to $30.00 and set a “buy” rating on the stock in a report on Tuesday, June 28th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, Trip.com Group has a consensus rating of “Moderate Buy” and a consensus target price of $31.38.

Trip.com Group Stock Down 0.8 %

TCOM stock opened at $25.10 on Friday. The firm has a fifty day moving average price of $26.17 and a two-hundred day moving average price of $23.94. The firm has a market cap of $15.05 billion, a price-to-earnings ratio of -31.38 and a beta of 0.61. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.20 and a quick ratio of 1.20. Trip.com Group Limited has a 1-year low of $14.29 and a 1-year high of $33.27.

Trip.com Group (NASDAQ:TCOMGet Rating) last released its quarterly earnings results on Monday, June 27th. The company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.19) by $0.13. The business had revenue of $4.11 billion during the quarter, compared to analyst estimates of $3.85 billion. Trip.com Group had a negative net margin of 16.53% and a positive return on equity of 0.51%. The company’s quarterly revenue was up .0% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.12) earnings per share. Research analysts predict that Trip.com Group Limited will post -0.22 EPS for the current year.

Trip.com Group Profile

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Trip.com Group Limited 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.

See Also

Institutional Ownership by Quarter for Trip.com Group (NASDAQ:TCOM)

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