Cerity Partners LLC Raises Position in Trip.com Group Limited (NASDAQ:TCOM)

Cerity Partners LLC increased its holdings in Trip.com Group Limited (NASDAQ:TCOM) by 2.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,071 shares of the company’s stock after acquiring an additional 328 shares during the period. Cerity Partners LLC’s holdings in Trip.com Group were worth $435,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Acadian Asset Management LLC grew its holdings in Trip.com Group by 98.2% during the third quarter. Acadian Asset Management LLC now owns 5,438,991 shares of the company’s stock valued at $190,164,000 after purchasing an additional 2,695,221 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Trip.com Group by 2.0% in the third quarter. JPMorgan Chase & Co. now owns 4,172,916 shares of the company’s stock worth $145,927,000 after acquiring an additional 81,201 shares during the period. Assenagon Asset Management S.A. boosted its holdings in shares of Trip.com Group by 73.0% in the third quarter. Assenagon Asset Management S.A. now owns 3,341,602 shares of the company’s stock worth $116,856,000 after acquiring an additional 1,409,655 shares during the period. Sei Investments Co. boosted its holdings in shares of Trip.com Group by 4.2% in the third quarter. Sei Investments Co. now owns 2,168,873 shares of the company’s stock worth $75,841,000 after acquiring an additional 87,908 shares during the period. Finally, WT Asset Management Ltd boosted its holdings in shares of Trip.com Group by 1.6% in the third quarter. WT Asset Management Ltd now owns 1,197,790 shares of the company’s stock worth $41,887,000 after acquiring an additional 18,943 shares during the period. 35.41% of the stock is owned by institutional investors.

Trip.com Group Stock Down 0.4 %

NASDAQ TCOM opened at $50.42 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.23 and a quick ratio of 1.17. The stock has a market capitalization of $32.57 billion, a PE ratio of 24.36 and a beta of 0.56. Trip.com Group Limited has a 1 year low of $30.70 and a 1 year high of $51.26. The business’s 50-day moving average is $45.81 and its 200 day moving average is $39.01.

Trip.com Group (NASDAQ:TCOM) last posted its quarterly earnings data on Wednesday, February 21st. The company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.29. The business had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.42 billion. Trip.com Group had a return on equity of 9.35% and a net margin of 22.43%. Sell-side analysts forecast that Trip.com Group Limited will post 2.54 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Barclays raised their price target on Trip.com Group from $56.00 to $60.00 and gave the stock an “overweight” rating in a report on Thursday, February 22nd. Benchmark restated a “buy” rating and set a $55.00 price target on shares of Trip.com Group in a research report on Wednesday, April 17th. HSBC raised their price target on Trip.com Group from $50.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, April 12th. StockNews.com upgraded Trip.com Group from a “hold” rating to a “buy” rating in a research report on Friday, February 23rd. Finally, UBS Group raised their price objective on Trip.com Group from $48.00 to $52.00 and gave the company a “buy” rating in a research note on Thursday, February 22nd. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $53.67.

Trip.com Group Profile

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.