Natixis Advisors LLC Raises Stock Holdings in Trip.com Group Limited (NASDAQ:TCOM)

Natixis Advisors LLC grew its holdings in Trip.com Group Limited (NASDAQ:TCOM) by 10.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 42,561 shares of the company’s stock after buying an additional 3,883 shares during the quarter. Natixis Advisors LLC’s holdings in Trip.com Group were worth $2,529,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. GSA Capital Partners LLP purchased a new position in shares of Trip.com Group in the third quarter valued at approximately $384,000. Atlas Capital Advisors LLC lifted its position in Trip.com Group by 115.7% during the second quarter. Atlas Capital Advisors LLC now owns 3,628 shares of the company’s stock worth $171,000 after buying an additional 1,946 shares in the last quarter. Bayesian Capital Management LP purchased a new stake in Trip.com Group in the 1st quarter valued at $742,000. Central Asset Investments & Management Holdings HK Ltd purchased a new stake in Trip.com Group in the 3rd quarter valued at $2,615,000. Finally, Varma Mutual Pension Insurance Co acquired a new stake in shares of Trip.com Group in the 2nd quarter worth $2,914,000. Hedge funds and other institutional investors own 35.41% of the company’s stock.

Trip.com Group Price Performance

Trip.com Group stock opened at $63.64 on Monday. The stock has a market cap of $40.99 billion, a P/E ratio of 19.05, a price-to-earnings-growth ratio of 1.10 and a beta of 0.39. The company has a fifty day simple moving average of $60.97 and a 200-day simple moving average of $52.52. The company has a current ratio of 1.42, a quick ratio of 1.32 and a debt-to-equity ratio of 0.14. Trip.com Group Limited has a 12-month low of $32.42 and a 12-month high of $69.67.

Trip.com Group (NASDAQ:TCOM) last released its quarterly earnings data on Monday, August 26th. The company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.22. Trip.com Group had a return on equity of 12.04% and a net margin of 31.86%. The business had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.80 billion. Equities analysts expect that Trip.com Group Limited will post 2.93 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Citigroup lifted their target price on shares of Trip.com Group from $66.00 to $72.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Benchmark lifted their price target on shares of Trip.com Group from $72.00 to $80.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Sanford C. Bernstein assumed coverage on Trip.com Group in a research report on Monday, November 4th. They issued an “outperform” rating and a $85.00 price objective for the company. Barclays boosted their price target on shares of Trip.com Group from $76.00 to $84.00 and gave the company an “overweight” rating in a research note on Wednesday, November 20th. Finally, Macquarie boosted their price objective on Trip.com Group from $75.40 to $80.80 and gave the company an “outperform” rating in a report on Wednesday, November 20th. Eleven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $74.18.

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.