Squarepoint Ops LLC Has $3.12 Million Stock Holdings in Trip.com Group Limited (NASDAQ:TCOM)

Squarepoint Ops LLC increased its position in Trip.com Group Limited (NASDAQ:TCOM) by 10.8% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 66,354 shares of the company’s stock after acquiring an additional 6,454 shares during the quarter. Squarepoint Ops LLC’s holdings in Trip.com Group were worth $3,119,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Fifth Third Bancorp increased its position in Trip.com Group by 1,188.0% in the 2nd quarter. Fifth Third Bancorp now owns 1,069 shares of the company’s stock valued at $50,000 after acquiring an additional 986 shares during the period. Hilltop National Bank increased its holdings in Trip.com Group by 322.1% in 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 during the period. Benjamin F. Edwards & Company Inc. raised its position in Trip.com Group by 72.3% during the 2nd 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. Clarity Asset Management Inc. acquired a new position in Trip.com Group during the 4th quarter worth about $66,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Trip.com Group in the 2nd quarter valued at about $66,000. Institutional investors own 35.41% of the company’s stock.

Trip.com Group Stock Up 5.2 %

Trip.com Group stock opened at $62.51 on Wednesday. The company has a market capitalization of $40.26 billion, a PE ratio of 28.16 and a beta of 0.39. Trip.com Group Limited has a 12-month low of $31.55 and a 12-month high of $63.87. The firm’s fifty day moving average is $46.02 and its 200 day moving average is $48.41. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.15.

Trip.com Group (NASDAQ:TCOM) last announced its quarterly earnings data on Monday, August 26th. The company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.22. Trip.com Group had a net margin of 28.78% and a return on equity of 11.52%. The firm had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.80 billion. As a group, sell-side analysts predict that Trip.com Group Limited will post 2.88 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TCOM. StockNews.com downgraded Trip.com Group from a “buy” rating to a “hold” rating in a research report on Tuesday, August 13th. TD Cowen lowered their price target on shares of Trip.com Group from $63.00 to $56.00 and set a “buy” rating for the company in a report on Tuesday, August 27th. Finally, Benchmark reaffirmed a “buy” rating and issued a $72.00 price objective on shares of Trip.com Group in a research note on Tuesday, August 27th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $62.50.

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.