1,057 Shares in Trip.com Group Limited (NASDAQ:TCOM) Acquired by Wipfli Financial Advisors LLC

Wipfli Financial Advisors LLC acquired a new position in shares of Trip.com Group Limited (NASDAQ:TCOMGet Rating) in the third quarter, HoldingsChannel.com reports. The institutional investor acquired 1,057 shares of the company’s stock, valued at approximately $29,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Nan Fung Trinity HK Ltd. increased its position in Trip.com Group by 0.4% during the 3rd quarter. Nan Fung Trinity HK Ltd. now owns 1,789,376 shares of the company’s stock worth $48,867,000 after purchasing an additional 7,700 shares in the last quarter. Ronald Blue Trust Inc. grew its holdings in Trip.com Group by 55.3% during the 3rd quarter. Ronald Blue Trust Inc. now owns 4,088 shares of the company’s stock worth $112,000 after acquiring an additional 1,456 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in Trip.com Group by 2.1% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,298,000 shares of the company’s stock worth $35,448,000 after acquiring an additional 26,921 shares during the last quarter. Gladstone Institutional Advisory LLC grew its holdings in Trip.com Group by 65.9% during the 3rd quarter. Gladstone Institutional Advisory LLC now owns 32,929 shares of the company’s stock worth $899,000 after acquiring an additional 13,080 shares during the last quarter. Finally, GAM Holding AG bought a new stake in Trip.com Group during the 3rd quarter worth approximately $1,212,000. 52.13% of the stock is currently owned by institutional investors and hedge funds.

Trip.com Group Stock Up 3.3 %

Shares of NASDAQ TCOM opened at $37.58 on Friday. The firm has a market cap of $22.53 billion, a PE ratio of -101.56 and a beta of 0.52. Trip.com Group Limited has a 12-month low of $14.29 and a 12-month high of $39.01. The company’s fifty day simple moving average is $33.19 and its 200 day simple moving average is $28.41. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.16.

Trip.com Group (NASDAQ:TCOMGet Rating) last issued its earnings results on Wednesday, December 14th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.10. Trip.com Group had a negative net margin of 8.10% and a positive return on equity of 0.17%. The business had revenue of $968.00 million for the quarter, compared to analyst estimates of $922.05 million. As a group, sell-side analysts forecast that Trip.com Group Limited will post -0.12 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on TCOM shares. UBS Group raised shares of Trip.com Group from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $28.00 to $41.00 in a report on Friday, December 16th. Daiwa Capital Markets raised shares of Trip.com Group from a “neutral” rating to a “buy” rating in a report on Thursday, September 22nd. Mizuho boosted their target price on shares of Trip.com Group from $36.00 to $45.00 and gave the stock a “buy” rating in a report on Thursday, January 5th. StockNews.com raised shares of Trip.com Group from a “sell” rating to a “hold” rating in a research note on Thursday, December 15th. Finally, CLSA upped their price objective on shares of Trip.com Group from $42.00 to $48.00 in a research note on Wednesday. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $37.89.

About Trip.com Group

(Get Rating)

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.

Further Reading

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

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