New York State Common Retirement Fund Buys 696,766 Shares of Trip.com Group Limited (NASDAQ:TCOM)

New York State Common Retirement Fund increased its stake in Trip.com Group Limited (NASDAQ:TCOM) by 155.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,145,863 shares of the company’s stock after purchasing an additional 696,766 shares during the quarter. New York State Common Retirement Fund owned 0.18% of Trip.com Group worth $68,099,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. E Fund Management Hong Kong Co. Ltd. boosted its stake in shares of Trip.com Group by 79.2% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 33,062 shares of the company’s stock worth $1,965,000 after buying an additional 14,612 shares during the last quarter. China Universal Asset Management Co. Ltd. boosted its position in Trip.com Group by 31.9% in the third quarter. China Universal Asset Management Co. Ltd. now owns 63,199 shares of the company’s stock worth $3,756,000 after purchasing an additional 15,299 shares during the last quarter. Osborne Partners Capital Management LLC grew its stake in shares of Trip.com Group by 2.5% during the 3rd quarter. Osborne Partners Capital Management LLC now owns 148,333 shares of the company’s stock valued at $8,815,000 after purchasing an additional 3,589 shares during the period. Lyell Wealth Management LP purchased a new stake in shares of Trip.com Group during the 3rd quarter valued at about $238,000. Finally, Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Trip.com Group by 101.1% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 3,173 shares of the company’s stock worth $189,000 after purchasing an additional 1,595 shares during the period. Institutional investors own 35.41% of the company’s stock.

Trip.com Group Stock Up 1.2 %

NASDAQ TCOM opened at $65.19 on Friday. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.15. Trip.com Group Limited has a 12 month low of $31.55 and a 12 month high of $69.67. The stock’s 50 day moving average is $55.67 and its 200 day moving average is $51.02. The stock has a market cap of $41.99 billion, a PE ratio of 22.79 and a beta of 0.41.

Trip.com Group (NASDAQ:TCOM) last issued its earnings results on Monday, August 26th. The company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.22. The firm had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.80 billion. Trip.com Group had a net margin of 28.78% and a return on equity of 11.52%. Research analysts predict that Trip.com Group Limited will post 2.93 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on TCOM shares. HSBC lowered shares of Trip.com Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 8th. TD Cowen cut their price objective on shares of Trip.com Group from $63.00 to $56.00 and set a “buy” rating for the company in a research report on Tuesday, August 27th. Benchmark reaffirmed a “buy” rating and issued a $72.00 target price on shares of Trip.com Group in a report on Tuesday, August 27th. Citigroup boosted their price target on Trip.com Group from $66.00 to $72.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Finally, StockNews.com cut Trip.com Group from a “buy” rating to a “hold” rating in a research report on Tuesday, August 13th. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $64.63.

Trip.com Group 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.