Janus Henderson Group PLC cut its holdings in Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 0.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,940,993 shares of the company's stock after selling 16,927 shares during the period. Janus Henderson Group PLC owned 0.30% of Trip.com Group worth $115,392,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in TCOM. FMR LLC increased its holdings in Trip.com Group by 32.8% in the 3rd quarter. FMR LLC now owns 11,123,783 shares of the company's stock valued at $661,086,000 after acquiring an additional 2,749,365 shares during the last quarter. Sanders Capital LLC increased its holdings in Trip.com Group by 34.7% in the 3rd 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 during the last quarter. ARGA Investment Management LP increased its holdings in Trip.com Group by 46.9% in the 3rd quarter. ARGA Investment Management LP now owns 5,899,404 shares of the company's stock valued at $350,602,000 after acquiring an additional 1,884,044 shares during the last quarter. Cantillon Capital Management LLC increased its holdings in Trip.com Group by 14.9% in the 3rd quarter. Cantillon Capital Management LLC now owns 4,868,383 shares of the company's stock valued at $289,328,000 after acquiring an additional 629,508 shares during the last quarter. Finally, Fisher Asset Management LLC grew its stake in shares of Trip.com Group by 6.1% in the 3rd quarter. Fisher Asset Management LLC now owns 2,961,009 shares of the company's stock worth $175,973,000 after buying an additional 170,890 shares in the last quarter. 35.41% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of brokerages have commented on TCOM. 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 research note on Thursday, October 10th. Sanford C. Bernstein initiated coverage on shares of Trip.com Group in a research note on Monday, November 4th. They issued an "outperform" rating and a $85.00 price objective for the company. Benchmark lifted their price target on shares of Trip.com Group from $72.00 to $80.00 and gave the stock a "buy" rating in a research note on Tuesday, November 19th. HSBC raised shares of Trip.com Group from a "hold" rating to a "buy" rating and set a $75.00 price target for the company in a research note on Tuesday, November 19th. Finally, TD Cowen lifted their price target on shares of Trip.com Group from $56.00 to $71.00 and gave the stock a "buy" rating in a research note on Tuesday, November 19th. Eleven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Trip.com Group presently has a consensus rating of "Buy" and a consensus price target of $74.18.
Read Our Latest Analysis on Trip.com Group
Trip.com Group Stock Performance
NASDAQ:TCOM traded up $0.33 during trading hours on Thursday, hitting $67.21. 3,073,385 shares of the company were exchanged, compared to its average volume of 4,025,118. The stock has a market capitalization of $43.29 billion, a price-to-earnings ratio of 20.12, a PEG ratio of 1.03 and a beta of 0.38. Trip.com Group Limited has a 52-week low of $32.66 and a 52-week high of $69.67. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.42 and a quick ratio of 1.42. The company's 50 day moving average price is $63.79 and its 200-day moving average price is $53.18.
Trip.com Group Company Profile
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Free Report)
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.
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