Caisse DE Depot ET Placement DU Quebec Boosts Stake in Trip.com Group Limited (NASDAQ:TCOM)

Caisse DE Depot ET Placement DU Quebec boosted its position in Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 4.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,026,506 shares of the company's stock after purchasing an additional 46,338 shares during the period. Caisse DE Depot ET Placement DU Quebec owned about 0.16% of Trip.com Group worth $61,005,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. FMR LLC raised its stake in Trip.com Group by 32.8% in 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 in the last quarter. Sanders Capital LLC increased its position in shares of 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 in the last quarter. 1832 Asset Management L.P. increased its position in shares of Trip.com Group by 4,800.0% during the second quarter. 1832 Asset Management L.P. now owns 1,399,298 shares of the company's stock valued at $65,767,000 after acquiring an additional 1,370,741 shares in the last quarter. Marshall Wace LLP boosted its holdings in Trip.com Group by 89.6% in the second quarter. Marshall Wace LLP now owns 1,703,234 shares of the company's stock worth $80,052,000 after purchasing an additional 804,885 shares during the last quarter. Finally, New York State Common Retirement Fund boosted its holdings in Trip.com Group by 155.1% in the third quarter. New York State Common Retirement Fund now owns 1,145,863 shares of the company's stock worth $68,099,000 after purchasing an additional 696,766 shares during the last quarter. Institutional investors own 35.41% of the company's stock.

Trip.com Group Price Performance

NASDAQ TCOM traded up $0.85 during trading on Friday, hitting $64.65. 2,559,444 shares of the stock traded hands, compared to its average volume of 3,261,494. The company has a market capitalization of $41.64 billion, a P/E ratio of 19.36, a price-to-earnings-growth ratio of 0.97 and a beta of 0.39. Trip.com Group Limited has a 12-month low of $32.42 and a 12-month high of $69.67. The firm has a 50-day simple moving average of $62.64 and a 200-day simple moving average of $52.85. 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

Several equities analysts recently commented on TCOM shares. Sanford C. Bernstein began coverage on shares of Trip.com Group in a report on Monday, November 4th. They set an "outperform" rating and a $85.00 price target on the stock. Barclays lifted their price target on shares of Trip.com Group from $76.00 to $84.00 and gave the company an "overweight" rating in a research note on Wednesday, November 20th. Hsbc Global Res upgraded shares of Trip.com Group from a "hold" rating to a "strong-buy" rating in a report on Tuesday, November 19th. Mizuho increased their price objective on Trip.com Group from $65.00 to $78.00 and gave the company an "outperform" rating in a report on Tuesday, November 12th. Finally, HSBC raised 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. Eleven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Trip.com Group has a consensus rating of "Buy" and an average target price of $74.18.

Trip.com Group 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.