Trip.com Group Limited (NASDAQ:TCOM) Shares Acquired by Franklin Resources Inc.

Franklin Resources Inc. grew its holdings in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 3.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 526,420 shares of the company's stock after acquiring an additional 17,416 shares during the period. Franklin Resources Inc. owned about 0.08% of Trip.com Group worth $33,501,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. RPg Family Wealth Advisory LLC acquired a new stake in Trip.com Group in the third quarter valued at $38,000. Fifth Third Bancorp lifted its position in shares of Trip.com Group by 1,188.0% during the second quarter. Fifth Third Bancorp now owns 1,069 shares of the company's stock worth $50,000 after purchasing an additional 986 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its position in shares of Trip.com Group by 72.3% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,165 shares of the company's stock worth $55,000 after purchasing an additional 489 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Trip.com Group in the second quarter worth about $66,000. Finally, Whittier Trust Co. of Nevada Inc. bought a new stake in Trip.com Group in the second quarter valued at about $74,000. 35.41% of the stock is owned by hedge funds and other institutional investors.

Trip.com Group Stock Performance

Trip.com Group stock traded up $1.06 during midday trading on Thursday, reaching $72.57. 2,415,715 shares of the stock traded hands, compared to its average volume of 4,014,036. Trip.com Group Limited has a fifty-two week low of $33.67 and a fifty-two week high of $77.18. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.14. The firm has a market cap of $46.74 billion, a price-to-earnings ratio of 21.73, a PEG ratio of 1.10 and a beta of 0.38. The firm has a fifty day moving average price of $65.36 and a two-hundred day moving average price of $54.41.

Wall Street Analyst Weigh In

TCOM has been the topic of a number of research analyst reports. Mizuho increased their target price on Trip.com Group from $65.00 to $78.00 and gave the stock an "outperform" rating in a report on Tuesday, November 12th. Sanford C. Bernstein assumed coverage on Trip.com Group in a research report on Monday, November 4th. They set an "outperform" rating and a $85.00 price target on the stock. Citigroup lifted their price objective on shares of Trip.com Group from $66.00 to $72.00 and gave the stock a "buy" rating in a report on Thursday, October 10th. HSBC raised shares of Trip.com Group from a "hold" rating to a "buy" rating and set a $75.00 target price on the stock in a report on Tuesday, November 19th. Finally, StockNews.com upgraded shares of Trip.com Group from a "hold" rating to a "buy" rating in a research 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. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $74.18.

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.