Geode Capital Management LLC Increases Stock Position in Trip.com Group Limited (NASDAQ:TCOM)

Geode Capital Management LLC raised its position in Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 20.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 317,894 shares of the company's stock after buying an additional 54,072 shares during the period. Geode Capital Management LLC's holdings in Trip.com Group were worth $18,892,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. RPg Family Wealth Advisory LLC bought a new stake in shares of Trip.com Group during the third quarter valued at about $38,000. Benjamin F. Edwards & Company Inc. raised its position in Trip.com Group by 72.3% in the 2nd 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 period. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Trip.com Group in the 2nd quarter valued at about $66,000. CWM LLC increased its stake in shares of Trip.com Group by 10.4% in the third quarter. CWM LLC now owns 2,327 shares of the company's stock worth $138,000 after buying an additional 220 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. raised its position in Trip.com Group by 101.1% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 3,173 shares of the company's stock valued at $189,000 after purchasing an additional 1,595 shares during the last quarter. Hedge funds and other institutional investors own 35.41% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Mizuho lifted their price target on shares of Trip.com Group from $65.00 to $78.00 and gave the company an "outperform" rating in a research report on Tuesday, November 12th. Sanford C. Bernstein assumed coverage on Trip.com Group in a research note on Monday, November 4th. They issued an "outperform" rating and a $85.00 target price on the stock. Macquarie lifted their price objective on Trip.com Group from $75.40 to $80.80 and gave the stock an "outperform" rating in a report on Wednesday, November 20th. HSBC upgraded shares of Trip.com Group from a "hold" rating to a "buy" rating and set a $75.00 price target on the stock in a research report on Tuesday, November 19th. Finally, Citigroup boosted their price objective on Trip.com Group from $66.00 to $72.00 and gave the company a "buy" rating in a research note on Thursday, October 10th. Eleven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Trip.com Group currently has a consensus rating of "Buy" and an average price target of $74.18.

Trip.com Group Stock Performance

Trip.com Group stock traded down $2.47 during mid-day trading on Friday, hitting $70.59. The company had a trading volume of 2,185,188 shares, compared to its average volume of 3,968,261. 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 company's fifty day moving average is $66.90 and its 200-day moving average is $55.47. Trip.com Group Limited has a 12-month low of $34.42 and a 12-month high of $77.18. The company has a market capitalization of $45.47 billion, a price-to-earnings ratio of 21.13, a P/E/G ratio of 1.10 and a beta of 0.38.

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.