AIA Group Ltd Invests $209,000 in Trip.com Group Limited (NASDAQ:TCOM)

AIA Group Ltd purchased a new stake in Trip.com Group Limited (NASDAQ:TCOMGet Rating) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 9,026 shares of the company’s stock, valued at approximately $209,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of TCOM. IFM Investors Pty Ltd acquired a new position in Trip.com Group in the first quarter valued at $513,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Trip.com Group by 1.0% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 151,205 shares of the company’s stock valued at $3,496,000 after acquiring an additional 1,501 shares during the period. abrdn plc raised its stake in Trip.com Group by 1.9% during the 4th quarter. abrdn plc now owns 280,857 shares of the company’s stock valued at $6,915,000 after acquiring an additional 5,307 shares during the last quarter. Public Sector Pension Investment Board acquired a new stake in Trip.com Group during the 4th quarter worth approximately $4,488,000. Finally, Dodge & Cox lifted its position in Trip.com Group by 132.2% during the 4th quarter. Dodge & Cox now owns 27,400 shares of the company’s stock worth $675,000 after acquiring an additional 15,600 shares during the period. Hedge funds and other institutional investors own 66.54% of the company’s stock.

Analyst Upgrades and Downgrades

TCOM has been the subject of several analyst reports. Benchmark cut their price target on Trip.com Group from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Tuesday, June 28th. StockNews.com upgraded shares of Trip.com Group from a “sell” rating to a “hold” rating in a research report on Wednesday, July 6th. Citigroup raised their target price on shares of Trip.com Group from $29.00 to $32.00 and gave the stock a “buy” rating in a research note on Wednesday, June 29th. Finally, Mizuho dropped their price target on shares of Trip.com Group from $32.00 to $30.00 and set a “buy” rating on the stock in a research note on Tuesday, June 28th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $31.38.

Trip.com Group Price Performance

Shares of NASDAQ TCOM opened at $26.52 on Friday. The company’s fifty day moving average is $24.66 and its two-hundred day moving average is $24.12. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.20 and a current ratio of 1.20. The firm has a market capitalization of $15.90 billion, a P/E ratio of -33.15 and a beta of 0.63. Trip.com Group Limited has a one year low of $14.29 and a one year high of $33.27.

Trip.com Group (NASDAQ:TCOMGet Rating) last released its quarterly earnings data on Monday, June 27th. The company reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.55) by $0.49. Trip.com Group had a negative net margin of 16.53% and a positive return on equity of 0.51%. The firm had revenue of $4.11 billion for the quarter, compared to the consensus estimate of $3.85 billion. During the same quarter in the previous year, the firm earned ($0.12) earnings per share. The firm’s revenue was up .0% on a year-over-year basis. Analysts forecast that Trip.com Group Limited will post -0.22 EPS for the current fiscal year.

Trip.com Group Company Profile

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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.

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Institutional Ownership by Quarter for Trip.com Group (NASDAQ:TCOM)

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