Harvest Fund Management Co. Ltd Acquires 4,638 Shares of Trip.com Group Limited (NASDAQ:TCOM)

Harvest Fund Management Co. Ltd boosted its holdings in shares of Trip.com Group Limited (NASDAQ:TCOM) by 3.7% during the 4th quarter, Holdings Channel reports. The fund owned 130,367 shares of the company’s stock after buying an additional 4,638 shares during the period. Trip.com Group comprises about 0.7% of Harvest Fund Management Co. Ltd’s portfolio, making the stock its 25th largest position. Harvest Fund Management Co. Ltd’s holdings in Trip.com Group were worth $4,668,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. AIA Group Ltd boosted its holdings in shares of Trip.com Group by 43.1% in the 4th quarter. AIA Group Ltd now owns 90,449 shares of the company’s stock valued at $3,257,000 after buying an additional 27,236 shares in the last quarter. Federated Hermes Inc. boosted its holdings in shares of Trip.com Group by 107.5% in the 4th quarter. Federated Hermes Inc. now owns 1,437,767 shares of the company’s stock valued at $51,774,000 after buying an additional 744,797 shares in the last quarter. Vontobel Holding Ltd. boosted its holdings in shares of Trip.com Group by 0.8% in the 4th quarter. Vontobel Holding Ltd. now owns 7,565,917 shares of the company’s stock valued at $272,449,000 after buying an additional 57,275 shares in the last quarter. Cerity Partners LLC boosted its holdings in shares of Trip.com Group by 2.8% in the 4th quarter. Cerity Partners LLC now owns 12,071 shares of the company’s stock valued at $435,000 after buying an additional 328 shares in the last quarter. Finally, Lester Murray Antman dba SimplyRich bought a new stake in shares of Trip.com Group in the 4th quarter valued at about $210,000. 35.41% of the stock is currently owned by institutional investors.

Trip.com Group Stock Performance

TCOM traded up $1.13 during trading on Tuesday, reaching $50.48. 3,367,954 shares of the company’s stock were exchanged, compared to its average volume of 3,850,233. Trip.com Group Limited has a 1 year low of $30.70 and a 1 year high of $50.63. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.23 and a quick ratio of 1.17. The stock has a market capitalization of $32.61 billion, a P/E ratio of 24.39 and a beta of 0.56. The company’s fifty day simple moving average is $45.42 and its 200-day simple moving average is $38.84.

Trip.com Group (NASDAQ:TCOM) last posted its quarterly earnings results on Wednesday, February 21st. The company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.29. Trip.com Group had a net margin of 22.43% and a return on equity of 9.35%. The company had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.42 billion. As a group, research analysts predict that Trip.com Group Limited will post 2.54 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

TCOM has been the topic of a number of recent analyst reports. 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 report on Friday, April 12th. Barclays increased their price objective on shares of Trip.com Group from $56.00 to $60.00 and gave the company an “overweight” rating in a research report on Thursday, February 22nd. UBS Group increased their price objective on shares of Trip.com Group from $48.00 to $52.00 and gave the company a “buy” rating in a research report on Thursday, February 22nd. Citigroup increased their price objective on shares of Trip.com Group from $53.00 to $55.00 and gave the company a “buy” rating in a research report on Monday, April 1st. Finally, StockNews.com raised shares of Trip.com Group from a “hold” rating to a “buy” rating in a research report on Friday, February 23rd. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $53.67.

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.