Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Trip.com Group Limited (NASDAQ:TCOM) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,341 shares of the company’s stock, valued at approximately $45,000.
A number of other institutional investors have also recently made changes to their positions in the stock. Signaturefd LLC purchased a new stake in shares of Trip.com Group in the fourth quarter worth approximately $26,000. Truewealth LLC bought a new stake in Trip.com Group during the 4th quarter valued at $32,000. Credit Agricole S A bought a new stake in Trip.com Group during the 4th quarter valued at $43,000. Lindbrook Capital LLC bought a new stake in Trip.com Group during the 4th quarter valued at $53,000. Finally, PNC Financial Services Group Inc. bought a new stake in Trip.com Group during the 4th quarter valued at $57,000. 65.52% of the stock is owned by institutional investors.
A number of research firms have recently weighed in on TCOM. Daiwa Capital Markets cut Trip.com Group from an “outperform” rating to a “neutral” rating in a research report on Tuesday, March 10th. Mizuho reduced their target price on Trip.com Group from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, March 11th. HSBC lowered Trip.com Group from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. TheStreet upgraded Trip.com Group from a “d+” rating to a “c” rating in a research note on Monday, December 16th. Finally, Credit Suisse Group lowered Trip.com Group from an “outperform” rating to a “neutral” rating in a research note on Thursday, March 19th. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $33.76.
Shares of NASDAQ TCOM traded up $0.92 during trading on Thursday, reaching $25.00. 647,240 shares of the company traded hands, compared to its average volume of 9,064,037. The company has a fifty day moving average price of $29.72. The firm has a market cap of $13.01 billion, a PE ratio of 15.24, a P/E/G ratio of 4.58 and a beta of 1.64. Trip.com Group Limited has a 12-month low of $20.10 and a 12-month high of $46.50. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.02 and a current ratio of 0.98.
Trip.com Group (NASDAQ:TCOM) last released its quarterly earnings data on Wednesday, March 18th. The company reported $1.94 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $1.95. Trip.com Group had a return on equity of 4.85% and a net margin of 19.97%. The business had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.18 billion. The company’s revenue was up 6.3% compared to the same quarter last year. As a group, equities analysts expect that Trip.com Group Limited will post 0.28 earnings per share for the current fiscal year.
About Trip.com Group
Trip.com Group Limited operates as a travel service provider for accommodation reservation, transportation ticketing, packaged tours, and corporate travel management in China. The company acts as an agent for hotel-related transactions and selling air tickets; and provides other related services, including sale of aviation and train insurance, air-ticket delivery services, online check-in, and other value-added services, such as online seat selection, express security check, and real-time flight status.
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