Kestra Private Wealth Services LLC Invests $219,000 in Trip.com Group Limited (NASDAQ:TCOM)

Kestra Private Wealth Services LLC purchased a new position in Trip.com Group Limited (NASDAQ:TCOMFree Report) in the 3rd quarter, Holdings Channel.com reports. The firm purchased 6,263 shares of the company’s stock, valued at approximately $219,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. BlackRock Inc. raised its position in Trip.com Group by 10.1% in the first quarter. BlackRock Inc. now owns 30,789,126 shares of the company’s stock worth $1,159,826,000 after purchasing an additional 2,823,937 shares in the last quarter. Morgan Stanley raised its position in Trip.com Group by 9.3% in the fourth quarter. Morgan Stanley now owns 30,375,921 shares of the company’s stock worth $1,044,932,000 after purchasing an additional 2,581,113 shares in the last quarter. Capital World Investors acquired a new position in Trip.com Group in the second quarter worth about $826,332,000. Vanguard Group Inc. increased its holdings in shares of Trip.com Group by 1.6% during the third quarter. Vanguard Group Inc. now owns 20,543,641 shares of the company’s stock worth $561,047,000 after buying an additional 330,624 shares in the last quarter. Finally, Capital International Investors increased its holdings in shares of Trip.com Group by 8.3% during the first quarter. Capital International Investors now owns 13,976,739 shares of the company’s stock worth $323,142,000 after buying an additional 1,072,288 shares in the last quarter. Institutional investors and hedge funds own 38.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on TCOM. Benchmark reaffirmed a “buy” rating and set a $55.00 price objective on shares of Trip.com Group in a report on Tuesday, November 21st. Nomura lowered shares of Trip.com Group from a “buy” rating to a “neutral” rating in a report on Tuesday, November 21st. TheStreet raised shares of Trip.com Group from a “c” rating to a “b-” rating in a report on Tuesday, November 21st. StockNews.com lowered shares of Trip.com Group from a “buy” rating to a “hold” rating in a report on Monday, November 13th. Finally, Nomura Instinet reaffirmed a “neutral” rating on shares of Trip.com Group in a report on Tuesday, November 21st. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $50.33.

Check Out Our Latest Research Report on Trip.com Group

Trip.com Group Price Performance

Shares of TCOM stock opened at $39.59 on Friday. Trip.com Group Limited has a 52-week low of $30.70 and a 52-week high of $43.59. The stock has a market cap of $25.58 billion, a PE ratio of 17.60 and a beta of 0.53. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.17 and a current ratio of 1.17. The firm’s 50 day moving average price is $35.87 and its two-hundred day moving average price is $36.11.

Trip.com Group (NASDAQ:TCOMGet Free Report) last announced its quarterly earnings data on Monday, November 20th. The company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.28. Trip.com Group had a net margin of 27.48% and a return on equity of 7.95%. The firm had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.88 billion. As a group, analysts forecast that Trip.com Group Limited will post 1.98 EPS for the current year.

Trip.com Group Profile

(Free Report)

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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