Federated Hermes Inc. Grows Stock Position in Trip.com Group Limited (NASDAQ:TCOM)

Federated Hermes Inc. boosted its position in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 107.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 1,437,767 shares of the company's stock after purchasing an additional 744,797 shares during the quarter. Federated Hermes Inc. owned about 0.22% of Trip.com Group worth $51,774,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Vontobel Holding Ltd. grew its position in Trip.com Group by 0.8% during the 4th quarter. Vontobel Holding Ltd. now owns 7,565,917 shares of the company's stock valued at $272,449,000 after purchasing an additional 57,275 shares during the last quarter. Cerity Partners LLC boosted its holdings in shares of Trip.com Group by 2.8% during the 4th quarter. Cerity Partners LLC now owns 12,071 shares of the company's stock valued at $435,000 after acquiring an additional 328 shares during the last quarter. Lester Murray Antman dba SimplyRich purchased a new stake in shares of Trip.com Group during the 4th quarter valued at about $210,000. Sequoia Financial Advisors LLC boosted its holdings in shares of Trip.com Group by 137.7% during the 4th quarter. Sequoia Financial Advisors LLC now owns 35,656 shares of the company's stock valued at $1,284,000 after acquiring an additional 20,654 shares during the last quarter. Finally, ANTIPODES PARTNERS Ltd boosted its holdings in shares of Trip.com Group by 112.3% during the 4th quarter. ANTIPODES PARTNERS Ltd now owns 187,989 shares of the company's stock valued at $6,769,000 after acquiring an additional 99,460 shares during the last quarter. 35.41% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on TCOM. HSBC raised their price target on shares of Trip.com Group from $50.00 to $60.00 and gave the company a "buy" rating in a report on Friday, April 12th. Citigroup raised their price target on shares of Trip.com Group from $53.00 to $55.00 and gave the company a "buy" rating in a report on Monday, April 1st. Barclays raised their price target on shares of Trip.com Group from $56.00 to $60.00 and gave the company an "overweight" rating in a report on Thursday, February 22nd. StockNews.com upgraded shares of Trip.com Group from a "hold" rating to a "buy" rating in a research note on Friday, February 23rd. Finally, Benchmark reiterated a "buy" rating and issued a $55.00 price objective on shares of Trip.com Group in a research note on Wednesday. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $53.67.

Trip.com Group Stock Performance

Shares of NASDAQ:TCOM traded down $0.72 during trading on Friday, hitting $48.00. The company's stock had a trading volume of 2,237,119 shares, compared to its average volume of 3,574,338. Trip.com Group Limited has a 12 month low of $30.70 and a 12 month high of $50.63. The firm has a market cap of $31.01 billion, a price-to-earnings ratio of 23.19 and a beta of 0.56. The company has a 50-day moving average of $45.01 and a 200-day moving average of $38.57. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.23 and a quick ratio of 1.17.

Trip.com Group (NASDAQ:TCOM - Get Free Report) last released its earnings results on Wednesday, February 21st. The company reported $0.48 EPS for the quarter, topping analysts' consensus estimates of $0.19 by $0.29. Trip.com Group had a net margin of 22.43% and a return on equity of 9.35%. The company had revenue of $1.45 billion for the quarter, compared to analysts' expectations of $1.42 billion. On average, sell-side analysts expect that Trip.com Group Limited will post 2.54 earnings per share 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.