ABS Direct Equity Fund LLC Invests $3.34 Million in Trip.com Group Limited (NASDAQ:TCOM)

ABS Direct Equity Fund LLC bought a new position in Trip.com Group Limited (NASDAQ:TCOM - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 92,631 shares of the company's stock, valued at approximately $3,336,000. Trip.com Group makes up approximately 3.1% of ABS Direct Equity Fund LLC's investment portfolio, making the stock its 8th largest holding.

Other hedge funds have also added to or reduced their stakes in the company. Raymond James & Associates boosted its holdings in shares of Trip.com Group by 24.1% during the 3rd quarter. Raymond James & Associates now owns 122,973 shares of the company's stock valued at $4,300,000 after purchasing an additional 23,920 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in Trip.com Group by 21.1% during 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. Advisor Partners II LLC bought a new stake in Trip.com Group during the third quarter valued at about $322,000. Henry James International Management Inc. raised its stake in shares of Trip.com Group by 17.1% during the 3rd quarter. Henry James International Management Inc. now owns 25,327 shares of the company's stock worth $886,000 after acquiring an additional 3,695 shares in the last quarter. Finally, Ariose Capital Management Ltd boosted its position in shares of Trip.com Group by 313.3% in the 3rd quarter. Ariose Capital Management Ltd now owns 918,453 shares of the company's stock worth $32,118,000 after purchasing an additional 696,253 shares in the last quarter. 35.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on TCOM. Citigroup increased 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. Benchmark reiterated a "buy" rating and issued a $55.00 price target on shares of Trip.com Group in a report on Wednesday, April 17th. Barclays raised their price target on shares of Trip.com Group from $56.00 to $60.00 and gave the stock an "overweight" rating in a research report on Thursday, February 22nd. StockNews.com raised shares of Trip.com Group from a "hold" rating to a "buy" rating in a report on Friday, February 23rd. Finally, UBS Group raised their target price on shares of Trip.com Group from $48.00 to $52.00 and gave the stock a "buy" rating in a report on Thursday, February 22nd. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $53.67.

Trip.com Group Stock Performance

TCOM stock traded up $2.36 during midday trading on Friday, hitting $53.30. 4,988,915 shares of the stock traded hands, compared to its average volume of 3,335,831. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.23 and a quick ratio of 1.17. The firm has a market cap of $34.44 billion, a P/E ratio of 25.75 and a beta of 0.52. The stock's fifty day simple moving average is $46.67 and its 200-day simple moving average is $39.78. Trip.com Group Limited has a 1-year low of $30.70 and a 1-year high of $53.38.

Trip.com Group (NASDAQ:TCOM - Get Free Report) last issued its quarterly earnings results on Wednesday, February 21st. The company reported $0.48 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $1.45 billion during the quarter, compared to analysts' expectations of $1.42 billion. On average, 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.