Trip.com Group Limited (NASDAQ:TCOM) Shares Acquired by Hhlr Advisors LTD.

Hhlr Advisors LTD. boosted its stake in shares of Trip.com Group Limited (NASDAQ:TCOM) by 28.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,774,432 shares of the company’s stock after buying an additional 389,790 shares during the quarter. Trip.com Group makes up approximately 2.3% of Hhlr Advisors LTD.’s portfolio, making the stock its 8th biggest position. Hhlr Advisors LTD.’s holdings in Trip.com Group were worth $105,454,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. FMR LLC increased its position in shares of Trip.com Group by 32.8% during the third quarter. FMR LLC now owns 11,123,783 shares of the company’s stock worth $661,086,000 after buying an additional 2,749,365 shares during the period. Sanders Capital LLC boosted its position in Trip.com Group by 34.7% during the third quarter. Sanders Capital LLC now owns 9,566,403 shares of the company’s stock valued at $568,531,000 after acquiring an additional 2,462,767 shares during the last quarter. 1832 Asset Management L.P. grew its holdings in Trip.com Group by 4,800.0% during the 2nd quarter. 1832 Asset Management L.P. now owns 1,399,298 shares of the company’s stock worth $65,767,000 after acquiring an additional 1,370,741 shares during the period. Marshall Wace LLP grew its holdings in Trip.com Group by 89.6% during the 2nd quarter. Marshall Wace LLP now owns 1,703,234 shares of the company’s stock worth $80,052,000 after acquiring an additional 804,885 shares during the period. Finally, New York State Common Retirement Fund grew its holdings in Trip.com Group by 155.1% during the 3rd quarter. New York State Common Retirement Fund now owns 1,145,863 shares of the company’s stock worth $68,099,000 after acquiring an additional 696,766 shares during the period. Institutional investors own 35.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. HSBC upgraded Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a report on Tuesday, November 19th. TD Cowen increased their price target on Trip.com Group from $56.00 to $71.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Macquarie increased their price target on Trip.com Group from $75.40 to $80.80 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Sanford C. Bernstein assumed coverage on Trip.com Group in a report on Monday, November 4th. They set an “outperform” rating and a $85.00 price target for the company. Finally, Barclays increased their price target on Trip.com Group from $76.00 to $84.00 and gave the stock an “overweight” rating in a report on Wednesday, November 20th. Eleven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $74.18.

Trip.com Group Price Performance

TCOM stock opened at $64.65 on Friday. Trip.com Group Limited has a 1 year low of $32.42 and a 1 year high of $69.67. The stock has a market capitalization of $41.64 billion, a PE ratio of 19.36, a price-to-earnings-growth ratio of 0.96 and a beta of 0.39. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.42 and a quick ratio of 1.42. The company’s 50-day moving average is $62.64 and its 200-day moving average is $52.89.

About Trip.com Group

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.