First Trust Direct Indexing L.P. Purchases 934 Shares of Trip.com Group Limited (NASDAQ:TCOM)

First Trust Direct Indexing L.P. boosted its holdings in Trip.com Group Limited (NASDAQ:TCOM) by 10.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,295 shares of the company’s stock after purchasing an additional 934 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in Trip.com Group were worth $371,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Vontobel Holding Ltd. increased its stake in Trip.com Group by 0.8% during the fourth quarter. Vontobel Holding Ltd. now owns 7,565,917 shares of the company’s stock worth $272,449,000 after acquiring an additional 57,275 shares during the last quarter. Acadian Asset Management LLC boosted its holdings in shares of Trip.com Group by 98.2% in 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. lifted its holdings in shares of Trip.com Group by 2.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,172,916 shares of the company’s stock worth $145,927,000 after buying an additional 81,201 shares during the period. Assenagon Asset Management S.A. grew its holdings in Trip.com Group by 73.0% during the 3rd 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 in the last quarter. Finally, Sei Investments Co. boosted its stake in shares of Trip.com Group by 4.2% during the third quarter. Sei Investments Co. now owns 2,168,873 shares of the company’s stock valued at $75,841,000 after purchasing an additional 87,908 shares in the last quarter. 35.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TCOM has been the topic of several analyst reports. Citigroup lifted their target price on Trip.com Group from $53.00 to $55.00 and gave the company a “buy” rating in a research note on Monday, April 1st. Mizuho raised their price target on shares of Trip.com Group from $55.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. StockNews.com raised shares of Trip.com Group from a “hold” rating to a “buy” rating in a report on Friday, February 23rd. HSBC raised their target price on Trip.com Group from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, April 12th. Finally, Barclays increased their price objective on Trip.com Group from $56.00 to $60.00 and gave the company an “overweight” rating in a report on Thursday, February 22nd. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $53.67.

Trip.com Group Price Performance

NASDAQ:TCOM opened at $53.87 on Tuesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.23 and a quick ratio of 1.23. The company has a 50 day moving average price of $46.83 and a 200-day moving average price of $39.93. Trip.com Group Limited has a 1-year low of $30.70 and a 1-year high of $54.29. The firm has a market cap of $34.80 billion, a price-to-earnings ratio of 26.02 and a beta of 0.52.

Trip.com Group (NASDAQ:TCOM) last released its quarterly earnings results on Wednesday, February 21st. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.19 by $0.29. The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.42 billion. Trip.com Group had a net margin of 22.43% and a return on equity of 9.35%. Equities research analysts forecast that Trip.com Group Limited will post 2.54 EPS for the current year.

About Trip.com Group

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.