Connor Clark & Lunn Investment Management Ltd. Purchases 188,334 Shares of Trip.com Group Limited (NASDAQ:TCOM)

Connor Clark & Lunn Investment Management Ltd. boosted its position in Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 102.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 372,020 shares of the company's stock after purchasing an additional 188,334 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.06% of Trip.com Group worth $22,109,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of TCOM. Jennison Associates LLC grew its position in Trip.com Group by 98.4% in the third quarter. Jennison Associates LLC now owns 855,370 shares of the company's stock worth $50,835,000 after buying an additional 424,160 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Trip.com Group in the third quarter valued at approximately $6,896,000. Cantillon Capital Management LLC boosted its holdings in Trip.com Group by 14.9% in the third quarter. Cantillon Capital Management LLC now owns 4,868,383 shares of the company's stock worth $289,328,000 after purchasing an additional 629,508 shares in the last quarter. LMR Partners LLP acquired a new position in shares of Trip.com Group during the 3rd quarter valued at about $18,435,000. Finally, Natixis Advisors LLC raised its position in shares of Trip.com Group by 10.0% in the third quarter. Natixis Advisors LLC now owns 42,561 shares of the company's stock valued at $2,529,000 after purchasing an additional 3,883 shares during the period. Institutional investors own 35.41% of the company's stock.

Analyst Ratings Changes

TCOM has been the subject of a number of recent analyst reports. Mizuho upped their price target on shares of Trip.com Group from $65.00 to $78.00 and gave the company an "outperform" rating in a report on Tuesday, November 12th. Hsbc Global Res raised Trip.com Group from a "hold" rating to a "strong-buy" rating in a report on Tuesday. Citigroup upped their price target on Trip.com Group from $66.00 to $72.00 and gave the stock a "buy" rating in a report on Thursday, October 10th. StockNews.com upgraded shares of Trip.com Group from a "hold" rating to a "buy" rating in a research note on Wednesday. Finally, TD Cowen upped their target price on shares of Trip.com Group from $56.00 to $71.00 and gave the company a "buy" rating in a research note on Tuesday. Two equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $74.18.

Trip.com Group Price Performance

Shares of Trip.com Group stock traded up $0.49 during trading on Thursday, hitting $65.28. 870,607 shares of the company's stock traded hands, compared to its average volume of 4,032,226. The company has a market cap of $42.05 billion, a PE ratio of 19.40 and a beta of 0.39. The firm's fifty day moving average price is $60.28 and its 200 day moving average price is $52.37. Trip.com Group Limited has a twelve month low of $32.42 and a twelve month high of $69.67. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.32 and a quick ratio of 1.32.

Trip.com Group (NASDAQ:TCOM - Get Free Report) last released its quarterly earnings data on Monday, August 26th. The company reported $0.87 earnings per share for the quarter, beating analysts' consensus estimates of $0.65 by $0.22. Trip.com Group had a return on equity of 12.40% and a net margin of 31.86%. The company had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.80 billion. Analysts forecast that Trip.com Group Limited will post 2.93 earnings per share for the current year.

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.