KCS Wealth Advisory acquired a new stake in Trip.com Group Limited (NASDAQ:TCOM) in the 4th quarter, Holdings Channel reports. The firm acquired 11,672 shares of the company’s stock, valued at approximately $391,000.
Several other large investors also recently added to or reduced their stakes in the company. Herald Investment Management Ltd bought a new stake in shares of Trip.com Group in the 3rd quarter valued at $486,000. Neumann Advisory Hong Kong Ltd bought a new stake in shares of Trip.com Group in the 4th quarter valued at $5,240,000. Finally, DNB Asset Management AS bought a new stake in shares of Trip.com Group in the 4th quarter valued at $16,612,000. Institutional investors own 65.96% of the company’s stock.
TCOM has been the subject of several research analyst reports. TheStreet upgraded shares of Trip.com Group from a “d+” rating to a “c” rating in a research note on Monday, December 16th. Mizuho reiterated a “buy” rating and issued a $40.00 price objective on shares of Trip.com Group in a research note on Friday, December 20th. Finally, Zacks Investment Research upgraded shares of Trip.com Group from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research note on Friday, January 10th.
Trip.com Group (NASDAQ:TCOM) last announced its quarterly earnings results on Wednesday, November 13th. The company reported $0.43 EPS for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.26. The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.51 billion. Trip.com Group had a net margin of 11.15% and a return on equity of 4.31%. Analysts forecast that Trip.com Group Limited will post 0.96 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 corporate travel management in China. The company acts as an agent for hotel-related transactions and selling air tickets; and provides other related services, including sale of aviation and train insurance, air-ticket delivery services, online check-in, and other value-added services, such as online seat selection, express security check, and real-time flight status.
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