RWC Asset Advisors US LLC Acquires 2,229 Shares of Trip.com Group Limited (NASDAQ:TCOM)

RWC Asset Advisors US LLC lifted its holdings in Trip.com Group Limited (NASDAQ:TCOM) by 0.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 402,250 shares of the company’s stock after acquiring an additional 2,229 shares during the quarter. Trip.com Group accounts for about 1.1% of RWC Asset Advisors US LLC’s holdings, making the stock its 12th biggest holding. RWC Asset Advisors US LLC owned approximately 0.06% of Trip.com Group worth $14,485,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in TCOM. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Trip.com Group in the 3rd quarter worth approximately $66,000. Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of Trip.com Group by 21.1% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,245 shares of the company’s stock worth $114,000 after buying an additional 566 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of Trip.com Group by 10.9% in the third quarter. PNC Financial Services Group Inc. now owns 4,102 shares of the company’s stock worth $143,000 after buying an additional 402 shares during the period. Lester Murray Antman dba SimplyRich purchased a new position in shares of Trip.com Group in the fourth quarter worth $210,000. Finally, Ballentine Partners LLC purchased a new position in shares of Trip.com Group in the fourth quarter worth $217,000. 35.41% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

TCOM has been the topic of several analyst reports. Barclays lifted their target price on shares of Trip.com Group from $56.00 to $60.00 and gave the stock an “overweight” rating in a research note on Thursday, February 22nd. UBS Group boosted their price objective on shares of Trip.com Group from $48.00 to $52.00 and gave the company a “buy” rating in a research report on Thursday, February 22nd. Citigroup boosted their price objective on shares of Trip.com Group from $53.00 to $55.00 and gave the company a “buy” rating in a research report on Monday, April 1st. StockNews.com raised shares of Trip.com Group from a “hold” rating to a “buy” rating in a research report on Friday, February 23rd. Finally, HSBC boosted their price objective on shares of Trip.com Group from $50.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, April 12th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, Trip.com Group presently has a consensus rating of “Moderate Buy” and an average price target of $53.67.

Trip.com Group Stock Performance

TCOM traded up $0.18 during midday trading on Friday, hitting $50.60. 4,542,364 shares of the company traded hands, compared to its average volume of 3,440,245. The company has a quick ratio of 1.17, a current ratio of 1.23 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $32.69 billion, a PE ratio of 24.44 and a beta of 0.56. The company’s 50-day moving average is $45.99 and its 200 day moving average is $39.13. Trip.com Group Limited has a 52 week low of $30.70 and a 52 week high of $51.89.

Trip.com Group (NASDAQ:TCOM) last posted its earnings results on Wednesday, February 21st. The company reported $0.48 earnings per share (EPS) 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 net margin of 22.43% and a return on equity of 9.35%. On average, research analysts expect that Trip.com Group Limited will post 2.54 EPS for the current year.

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.