RPg Family Wealth Advisory LLC Invests $38,000 in Trip.com Group Limited (NASDAQ:TCOM)

RPg Family Wealth Advisory LLC purchased a new position in Trip.com Group Limited (NASDAQ:TCOM) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 638 shares of the company’s stock, valued at approximately $38,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TCOM. Fifth Third Bancorp boosted its position in shares of Trip.com Group by 1,188.0% during the second quarter. Fifth Third Bancorp now owns 1,069 shares of the company’s stock worth $50,000 after acquiring an additional 986 shares during the last quarter. Hilltop National Bank grew its position in shares of Trip.com Group by 322.1% during the second quarter. Hilltop National Bank now owns 1,148 shares of the company’s stock valued at $54,000 after purchasing an additional 876 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its holdings in shares of Trip.com Group by 72.3% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,165 shares of the company’s stock worth $55,000 after purchasing an additional 489 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Trip.com Group in the second quarter worth about $66,000. Finally, Whittier Trust Co. of Nevada Inc. bought a new position in Trip.com Group during the second quarter valued at approximately $74,000. 35.41% of the stock is currently owned by institutional investors.

Trip.com Group Stock Performance

Trip.com Group stock opened at $63.80 on Thursday. Trip.com Group Limited has a fifty-two week low of $32.42 and a fifty-two week high of $69.67. The company has a market capitalization of $41.09 billion, a PE ratio of 19.10, a P/E/G ratio of 0.97 and a beta of 0.39. The company has a 50 day moving average price of $61.99 and a 200-day moving average price of $52.74. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.42 and a current ratio of 1.42.

Trip.com Group (NASDAQ:TCOM) last posted its quarterly earnings results on Monday, August 26th. The company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.22. The business had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.80 billion. Trip.com Group had a return on equity of 12.04% and a net margin of 31.86%. As a group, equities analysts forecast that Trip.com Group Limited will post 3.29 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on TCOM shares. StockNews.com upgraded shares of Trip.com Group from a “hold” rating to a “buy” rating in a research report on Wednesday, November 20th. Mizuho boosted their target price on shares of Trip.com Group from $65.00 to $78.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. TD Cowen upped their target price on shares of Trip.com Group from $56.00 to $71.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Macquarie lifted their price target on Trip.com Group from $75.40 to $80.80 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. Finally, Benchmark boosted their price objective on Trip.com Group from $72.00 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Eleven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $74.18.

Trip.com Group Company Profile

Trip.com Group Limited, through its subsidiaries, 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.