Aubrey Capital Management Ltd Purchases 6,200 Shares of Trip.com Group Limited (NASDAQ:TCOM)

Aubrey Capital Management Ltd increased its position in shares of Trip.com Group Limited (NASDAQ:TCOM) by 2.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 303,200 shares of the company’s stock after acquiring an additional 6,200 shares during the period. Trip.com Group comprises 4.6% of Aubrey Capital Management Ltd’s holdings, making the stock its 9th largest holding. Aubrey Capital Management Ltd’s holdings in Trip.com Group were worth $10,918,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. 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. Assenagon Asset Management S.A. lifted its stake in Trip.com Group by 73.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 3,341,602 shares of the company’s stock valued at $116,856,000 after purchasing an additional 1,409,655 shares during the last quarter. NS Partners Ltd bought a new position in Trip.com Group in the 3rd quarter valued at approximately $39,890,000. Nordea Investment Management AB lifted its stake in Trip.com Group by 1,628.6% in the 4th quarter. Nordea Investment Management AB now owns 1,177,866 shares of the company’s stock valued at $42,368,000 after purchasing an additional 1,109,727 shares during the last quarter. Finally, Federated Hermes Inc. raised its stake in shares of Trip.com Group by 107.5% during the fourth quarter. Federated Hermes Inc. now owns 1,437,767 shares of the company’s stock valued at $51,774,000 after acquiring an additional 744,797 shares during the last quarter. Institutional investors and hedge funds own 35.41% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Benchmark reaffirmed a “buy” rating and set a $55.00 price target on shares of Trip.com Group in a research note on Wednesday, April 17th. 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 research note on Friday, April 12th. 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 research note on Thursday, February 22nd. Mizuho raised their price target on shares of Trip.com Group from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, February 22nd. Finally, UBS Group raised their price target on shares of Trip.com Group from $48.00 to $52.00 and gave the company a “buy” rating in a research note 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. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $53.67.

Trip.com Group Stock Up 0.4 %

NASDAQ:TCOM traded up $0.18 during trading hours on Friday, reaching $50.60. The company had a trading volume of 4,542,364 shares, compared to its average volume of 3,440,245. The company has a quick ratio of 1.17, a current ratio of 1.23 and a debt-to-equity ratio of 0.16. The firm has a market cap of $32.69 billion, a price-to-earnings ratio of 24.44 and a beta of 0.56. The business’s 50-day simple moving average is $45.99 and its two-hundred day simple moving average is $39.13. Trip.com Group Limited has a twelve month low of $30.70 and a twelve month high of $51.89.

Trip.com Group (NASDAQ:TCOM) last posted its quarterly 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. The business had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Trip.com Group had a net margin of 22.43% and a return on equity of 9.35%. On average, equities 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.