Federated Hermes Inc. Purchases 744,797 Shares of Trip.com Group Limited (NASDAQ:TCOM)

Federated Hermes Inc. boosted its position in Trip.com Group Limited (NASDAQ:TCOM) by 107.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,437,767 shares of the company’s stock after purchasing an additional 744,797 shares during the period. Federated Hermes Inc.’s holdings in Trip.com Group were worth $51,774,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the business. Cerity Partners LLC increased its stake in Trip.com Group by 2.8% in the 4th quarter. Cerity Partners LLC now owns 12,071 shares of the company’s stock worth $435,000 after buying an additional 328 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Trip.com Group by 10.9% during the third quarter. PNC Financial Services Group Inc. now owns 4,102 shares of the company’s stock valued at $143,000 after acquiring an additional 402 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC boosted its holdings in shares of Trip.com Group by 3.9% in the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 11,847 shares of the company’s stock valued at $414,000 after purchasing an additional 440 shares during the period. Sequoia Financial Advisors LLC raised its position in Trip.com Group by 3.1% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 15,002 shares of the company’s stock valued at $525,000 after purchasing an additional 445 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its stake in shares of Trip.com Group by 21.1% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,245 shares of the company’s stock valued at $114,000 after purchasing an additional 566 shares in the last quarter. Hedge funds and other institutional investors own 35.41% of the company’s stock.

Trip.com Group Stock Down 1.5 %

NASDAQ:TCOM opened at $48.00 on Friday. The firm has a market capitalization of $31.01 billion, a P/E ratio of 23.19 and a beta of 0.56. Trip.com Group Limited has a 1-year low of $30.70 and a 1-year high of $50.63. The company’s fifty day moving average price is $45.01 and its 200-day moving average price is $38.54. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.23 and a quick ratio of 1.17.

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

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TCOM. StockNews.com upgraded Trip.com Group from a “hold” rating to a “buy” rating in a report on Friday, February 23rd. Mizuho lifted their target price on Trip.com Group from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, February 22nd. Benchmark reiterated a “buy” rating and issued a $55.00 target price on shares of Trip.com Group in a report on Wednesday. Barclays raised their price target on shares of Trip.com Group from $56.00 to $60.00 and gave the company an “overweight” rating in a report on Thursday, February 22nd. Finally, UBS Group boosted their price objective on shares of Trip.com Group from $48.00 to $52.00 and gave the stock a “buy” rating in a research note on Thursday, February 22nd. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, Trip.com Group presently has an average rating of “Moderate Buy” and an average target price of $53.67.

Trip.com Group 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.