Victory Capital Management Inc. Boosts Stake in Trip.com Group Limited (NASDAQ:TCOM)

Victory Capital Management Inc. raised its holdings in Trip.com Group Limited (NASDAQ:TCOM) by 45.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,985 shares of the company’s stock after acquiring an additional 3,433 shares during the period. Victory Capital Management Inc.’s holdings in Trip.com Group were worth $653,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. GSA Capital Partners LLP bought a new position in shares of Trip.com Group in the third quarter worth approximately $384,000. Atlas Capital Advisors LLC increased its holdings in shares of Trip.com Group by 115.7% in the 2nd 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 during the last quarter. Varma Mutual Pension Insurance Co purchased a new stake in shares of Trip.com Group during the 2nd quarter valued at $2,914,000. Thrivent Financial for Lutherans bought a new stake in shares of Trip.com Group during the 2nd quarter worth $3,662,000. Finally, Principal Financial Group Inc. grew its position in Trip.com Group by 139.9% in the third quarter. Principal Financial Group Inc. now owns 131,407 shares of the company’s stock worth $7,810,000 after acquiring an additional 76,624 shares in the last quarter. Institutional investors own 35.41% of the company’s stock.

Trip.com Group Stock Up 1.4 %

Shares of NASDAQ TCOM opened at $63.80 on Friday. The firm’s fifty day moving average is $62.32 and its 200 day moving average is $52.82. Trip.com Group Limited has a 52 week low of $32.42 and a 52 week high of $69.67. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.14. The company has a market cap of $41.09 billion, a price-to-earnings ratio of 19.10, a PEG ratio of 0.97 and a beta of 0.39.

Trip.com Group (NASDAQ:TCOM) last released its quarterly earnings data on Monday, August 26th. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.22. The firm had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.80 billion. Trip.com Group had a net margin of 31.86% and a return on equity of 12.04%. On average, equities research analysts expect that Trip.com Group Limited will post 3.29 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on TCOM. Benchmark raised their price target on Trip.com Group from $72.00 to $80.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Citigroup raised their price objective on Trip.com Group from $66.00 to $72.00 and gave the company a “buy” rating in a report on Thursday, October 10th. StockNews.com upgraded Trip.com Group from a “hold” rating to a “buy” rating in a research report on Wednesday, November 20th. Sanford C. Bernstein started coverage on shares of Trip.com Group in a research report on Monday, November 4th. They set an “outperform” rating and a $85.00 price target on the stock. Finally, TD Cowen boosted their price objective on shares of Trip.com Group from $56.00 to $71.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Eleven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target 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.