Harvest Fund Management Co. Ltd Has $4.67 Million Position in Trip.com Group Limited (NASDAQ:TCOM)

Harvest Fund Management Co. Ltd grew its position in Trip.com Group Limited (NASDAQ:TCOM) by 3.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 130,367 shares of the company’s stock after buying an additional 4,638 shares during the quarter. Trip.com Group accounts for about 0.7% of Harvest Fund Management Co. Ltd’s portfolio, making the stock its 25th largest holding. 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 made changes to their positions in TCOM. Harel Insurance Investments & Financial Services Ltd. acquired a new position in Trip.com Group during the 3rd quarter worth approximately $66,000. Migdal Insurance & Financial Holdings Ltd. increased its position in Trip.com Group by 21.1% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,245 shares of the company’s stock worth $114,000 after purchasing an additional 566 shares in the last quarter. PNC Financial Services Group Inc. increased its position in Trip.com Group by 10.9% during the 3rd quarter. PNC Financial Services Group Inc. now owns 4,102 shares of the company’s stock worth $143,000 after purchasing an additional 402 shares in the last quarter. Lester Murray Antman dba SimplyRich acquired a new position in Trip.com Group during the 4th quarter worth approximately $210,000. Finally, Ballentine Partners LLC acquired a new position in Trip.com Group during the 4th quarter worth approximately $217,000. 35.41% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have issued reports on TCOM shares. StockNews.com upgraded shares of Trip.com Group from a “hold” rating to a “buy” rating in a research report on Friday, February 23rd. Mizuho upped their price target on shares of Trip.com Group from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, February 22nd. Citigroup upped their price target 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. Barclays upped their price target 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. Finally, Benchmark restated a “buy” rating and issued a $55.00 price target on shares of Trip.com Group in a research report on Wednesday, April 17th. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $53.67.

Trip.com Group Trading Up 2.3 %

Shares of NASDAQ:TCOM traded up $1.13 during trading on Tuesday, reaching $50.48. The stock had a trading volume of 3,367,954 shares, compared to its average volume of 3,850,233. The stock has a market cap of $32.61 billion, a price-to-earnings ratio of 24.39 and a beta of 0.56. Trip.com Group Limited has a 52 week low of $30.70 and a 52 week high of $50.63. The firm’s fifty day moving average is $45.42 and its 200 day moving average is $38.84. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.17 and a current ratio of 1.23.

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

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.