Alberta Investment Management Corp Acquires 83,233 Shares of Trip.com Group Limited (NASDAQ:TCOM)

Alberta Investment Management Corp boosted its stake in Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 70.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 200,651 shares of the company's stock after acquiring an additional 83,233 shares during the period. Alberta Investment Management Corp's holdings in Trip.com Group were worth $13,777,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brooklyn Investment Group purchased a new position in shares of Trip.com Group during the 4th quarter valued at $25,000. Principal Securities Inc. boosted its holdings in Trip.com Group by 46.8% in the 4th quarter. Principal Securities Inc. now owns 530 shares of the company's stock worth $36,000 after buying an additional 169 shares during the period. RPg Family Wealth Advisory LLC purchased a new position in Trip.com Group in the 3rd quarter valued at approximately $38,000. Empowered Funds LLC bought a new stake in Trip.com Group during the 4th quarter valued at $136,000. Finally, CWM LLC lifted its position in shares of Trip.com Group by 10.4% during the third quarter. CWM LLC now owns 2,327 shares of the company's stock worth $138,000 after acquiring an additional 220 shares in the last quarter. 35.41% of the stock is currently owned by hedge funds and other institutional investors.

Trip.com Group Trading Up 1.4 %

Shares of NASDAQ TCOM traded up $0.91 during midday trading on Friday, reaching $67.02. The company had a trading volume of 6,194,150 shares, compared to its average volume of 2,764,809. The stock has a market cap of $43.17 billion, a PE ratio of 20.07, a price-to-earnings-growth ratio of 0.67 and a beta of 0.37. Trip.com Group Limited has a one year low of $38.23 and a one year high of $77.18. The firm's fifty day moving average price is $68.89 and its 200-day moving average price is $60.93. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.14.

Analyst Ratings Changes

TCOM has been the topic of a number of analyst reports. HSBC upgraded Trip.com Group from a "hold" rating to a "buy" rating and set a $75.00 price objective on the stock in a research note on Tuesday, November 19th. Mizuho upped their price target on Trip.com Group from $65.00 to $78.00 and gave the company an "outperform" rating in a research report on Tuesday, November 12th. StockNews.com upgraded shares of Trip.com Group from a "hold" rating to a "buy" rating in a research report on Wednesday, November 20th. Macquarie boosted their price objective on shares of Trip.com Group from $75.40 to $80.80 and gave the company an "outperform" rating in a research note on Wednesday, November 20th. Finally, Benchmark reiterated a "buy" rating and issued a $80.00 target price on shares of Trip.com Group in a research note on Tuesday, January 14th. Eleven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $74.78.

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.