Jennison Associates LLC Grows Holdings in Trip.com Group Limited (NASDAQ:TCOM)

Jennison Associates LLC boosted its holdings in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 98.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 855,370 shares of the company's stock after buying an additional 424,160 shares during the quarter. Jennison Associates LLC owned approximately 0.13% of Trip.com Group worth $50,835,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Mitsubishi UFJ Trust & Banking Corp boosted its position in Trip.com Group by 0.9% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 40,632 shares of the company's stock valued at $1,908,000 after purchasing an additional 375 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its holdings in shares of Trip.com Group by 10.5% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 33,512 shares of the company's stock valued at $1,471,000 after buying an additional 3,196 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its position in shares of Trip.com Group by 4.7% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 237,368 shares of the company's stock worth $10,434,000 after buying an additional 10,689 shares during the last quarter. Natixis raised its stake in shares of Trip.com Group by 50.9% during the 1st quarter. Natixis now owns 28,960 shares of the company's stock worth $1,271,000 after acquiring an additional 9,763 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its position in Trip.com Group by 29.5% during the first quarter. Advisors Asset Management Inc. now owns 2,692 shares of the company's stock valued at $118,000 after acquiring an additional 613 shares during the last quarter. Institutional investors own 35.41% of the company's stock.

Trip.com Group Price Performance

Shares of NASDAQ:TCOM traded down $1.31 during midday trading on Friday, hitting $63.86. The company had a trading volume of 1,764,550 shares, compared to its average volume of 4,032,943. The business's 50-day simple moving average is $60.64 and its 200-day simple moving average is $52.46. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.32 and a quick ratio of 1.32. The stock has a market cap of $41.13 billion, a price-to-earnings ratio of 19.53 and a beta of 0.39. Trip.com Group Limited has a twelve month low of $32.42 and a twelve month high of $69.67.

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

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Barclays lifted their price target on shares of Trip.com Group from $76.00 to $84.00 and gave the stock an "overweight" rating in a report on Wednesday. Sanford C. Bernstein began coverage on Trip.com Group in a research report on Monday, November 4th. They set an "outperform" rating and a $85.00 target price on the stock. Citigroup increased their price target 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. StockNews.com upgraded shares of Trip.com Group from a "hold" rating to a "buy" rating in a report on Wednesday. Finally, Benchmark lifted their target price 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. Eleven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price 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.