M&G Investment Management Ltd. Grows Holdings in Trip.com Group Limited (NASDAQ:TCOM)

M&G Investment Management Ltd. raised its holdings in Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 71.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 366,338 shares of the company's stock after buying an additional 152,719 shares during the period. M&G Investment Management Ltd. owned 0.06% of Trip.com Group worth $13,188,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of TCOM. Vontobel Holding Ltd. lifted its stake in Trip.com Group by 0.8% in the fourth quarter. Vontobel Holding Ltd. now owns 7,565,917 shares of the company's stock valued at $272,449,000 after acquiring an additional 57,275 shares during the last quarter. Acadian Asset Management LLC lifted its stake in Trip.com Group by 98.2% in the 3rd quarter. Acadian Asset Management LLC now owns 5,438,991 shares of the company's stock valued at $190,164,000 after purchasing an additional 2,695,221 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Trip.com Group by 2.0% during the third quarter. JPMorgan Chase & Co. now owns 4,172,916 shares of the company's stock worth $145,927,000 after purchasing an additional 81,201 shares during the period. Green Court Capital Management Ltd increased 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 buying an additional 1,341,806 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in Trip.com Group by 73.0% in the third quarter. Assenagon Asset Management S.A. now owns 3,341,602 shares of the company's stock valued at $116,856,000 after buying an additional 1,409,655 shares during the period. 35.41% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently commented on TCOM shares. CLSA lifted their target price on Trip.com Group from $55.00 to $64.00 and gave the stock a "buy" rating in a research note on Monday. Citigroup upped their price objective 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. Mizuho raised their target price on shares of Trip.com Group from $55.00 to $60.00 and gave the stock a "buy" rating in a research note on Thursday, February 22nd. Benchmark reiterated a "buy" rating and issued a $55.00 price target on shares of Trip.com Group in a research note on Wednesday, April 17th. Finally, StockNews.com cut shares of Trip.com Group from a "buy" rating to a "hold" rating in a report on Monday. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $54.70.

Trip.com Group Price Performance

Shares of NASDAQ:TCOM traded up $0.80 during trading on Tuesday, reaching $55.70. 3,125,890 shares of the company traded hands, compared to its average volume of 3,803,395. The firm has a market capitalization of $35.88 billion, a PE ratio of 26.91 and a beta of 0.52. Trip.com Group Limited has a 52 week low of $30.70 and a 52 week high of $55.72. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.16. The company's 50 day moving average is $47.77 and its two-hundred day moving average is $40.62.

Trip.com Group (NASDAQ:TCOM - Get Free Report) last posted 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. The business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.42 billion. Trip.com Group had a return on equity of 9.35% and a net margin of 22.43%. As a group, sell-side analysts predict that Trip.com Group Limited will post 2.54 earnings per share 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.