Vontobel Holding Ltd. Raises Holdings in Trip.com Group Limited (NASDAQ:TCOM)

Vontobel Holding Ltd. lifted its holdings in Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 0.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,565,917 shares of the company's stock after purchasing an additional 57,275 shares during the quarter. Trip.com Group accounts for about 1.4% of Vontobel Holding Ltd.'s investment portfolio, making the stock its 11th biggest holding. Vontobel Holding Ltd. owned 1.17% of Trip.com Group worth $272,449,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of TCOM. First Horizon Advisors Inc. purchased a new stake in Trip.com Group during the first quarter valued at $27,000. Captrust Financial Advisors purchased a new stake in Trip.com Group during the second quarter valued at $38,000. Atlas Capital Advisors LLC purchased a new stake in Trip.com Group during the first quarter valued at $55,000. Advisors Asset Management Inc. increased its position in Trip.com Group by 81.0% in the third quarter. Advisors Asset Management Inc. now owns 1,680 shares of the company's stock worth $59,000 after buying an additional 752 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Trip.com Group in the third quarter worth about $66,000. Hedge funds and other institutional investors own 35.41% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on TCOM. HSBC upped their price target on Trip.com Group from $50.00 to $60.00 and gave the stock a "buy" rating in a research report on Friday. StockNews.com upgraded Trip.com Group from a "hold" rating to a "buy" rating in a research report on Friday, February 23rd. UBS Group upped their price target on Trip.com Group from $48.00 to $52.00 and gave the stock a "buy" rating in a research report on Thursday, February 22nd. Citigroup upped their price objective on Trip.com Group from $53.00 to $55.00 and gave the stock a "buy" rating in a research note on Monday, April 1st. Finally, Mizuho upped their price objective on Trip.com Group from $55.00 to $60.00 and gave the stock a "buy" rating in a research note on Thursday, February 22nd. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $53.67.

Trip.com Group Price Performance

Trip.com Group stock traded down $1.25 during midday trading on Friday, reaching $48.85. 3,949,969 shares of the stock traded hands, compared to its average volume of 3,522,450. The stock's fifty day moving average is $44.05 and its 200-day moving average is $38.11. Trip.com Group Limited has a 12 month low of $30.70 and a 12 month high of $50.40. The stock has a market cap of $31.56 billion, a P/E ratio of 23.60 and a beta of 0.56. The company has a quick ratio of 1.17, a current ratio of 1.23 and a debt-to-equity ratio of 0.16.

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

Trip.com Group Company 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.