Deltec Asset Management LLC Has $2.27 Million Position in Trip.com Group Limited (NASDAQ:TCOM)

Deltec Asset Management LLC increased its position in Trip.com Group Limited (NASDAQ:TCOM) by 23.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 48,300 shares of the company’s stock after buying an additional 9,300 shares during the period. Deltec Asset Management LLC’s holdings in Trip.com Group were worth $2,270,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Capital World Investors boosted its position in Trip.com Group by 40.4% during the fourth quarter. Capital World Investors now owns 38,395,626 shares of the company’s stock worth $1,382,592,000 after purchasing an additional 11,039,672 shares during the period. Schroder Investment Management Group boosted its position in Trip.com Group by 3,752.1% during the fourth quarter. Schroder Investment Management Group now owns 9,886,320 shares of the company’s stock worth $356,006,000 after purchasing an additional 9,629,673 shares during the period. Brilliance Asset Management Ltd. boosted its position in Trip.com Group by 433.6% during the fourth quarter. Brilliance Asset Management Ltd. now owns 1,904,603 shares of the company’s stock worth $68,585,000 after purchasing an additional 1,547,659 shares during the period. Green Court Capital Management Ltd boosted its position in Trip.com Group by 64.5% during the fourth quarter. Green Court Capital Management Ltd now owns 3,421,281 shares of the company’s stock worth $123,200,000 after purchasing an additional 1,341,806 shares during the period. Finally, National Bank of Canada FI boosted its position in Trip.com Group by 413,028.8% during the first quarter. National Bank of Canada FI now owns 859,308 shares of the company’s stock worth $37,715,000 after purchasing an additional 859,100 shares during the period. Institutional investors and hedge funds own 35.41% of the company’s stock.

Trip.com Group Price Performance

Shares of NASDAQ:TCOM traded down $0.74 during midday trading on Wednesday, reaching $41.41. The company’s stock had a trading volume of 3,014,988 shares, compared to its average volume of 3,680,577. The business’s fifty day simple moving average is $47.00 and its 200-day simple moving average is $46.91. The company has a market capitalization of $26.67 billion, a P/E ratio of 18.60 and a beta of 0.42. Trip.com Group Limited has a fifty-two week low of $31.55 and a fifty-two week high of $58.00. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.15 and a quick ratio of 1.15.

Trip.com Group (NASDAQ:TCOM) last posted its quarterly earnings results on Monday, May 20th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.21. The business had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.61 billion. Trip.com Group had a return on equity of 10.73% and a net margin of 22.99%. As a group, equities research analysts expect that Trip.com Group Limited will post 2.78 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. StockNews.com lowered Trip.com Group from a “buy” rating to a “hold” rating in a research note on Tuesday. TD Cowen upped their target price on Trip.com Group from $53.00 to $63.00 and gave the company a “buy” rating in a research note on Tuesday, May 21st. Mizuho upped their target price on Trip.com Group from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, May 21st. CLSA upped their target price on Trip.com Group from $55.00 to $64.00 and gave the company a “buy” rating in a research note on Monday, May 13th. Finally, Benchmark reiterated a “buy” rating and set a $72.00 price objective on shares of Trip.com Group in a research note on Wednesday, June 12th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $63.38.

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.