KBC Group NV Acquires 9,371 Shares of Trip.com Group Limited (NASDAQ:TCOM)

KBC Group NV increased its position in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 7.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 134,978 shares of the company's stock after purchasing an additional 9,371 shares during the quarter. KBC Group NV's holdings in Trip.com Group were worth $9,268,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. GSA Capital Partners LLP bought a new position in shares of Trip.com Group in the third quarter valued at approximately $384,000. LMR Partners LLP purchased a new position in Trip.com Group in the third quarter worth $18,435,000. Headwater Capital Co Ltd bought a new position in Trip.com Group in the 4th quarter valued at $13,732,000. Massachusetts Financial Services Co. MA increased its position in shares of Trip.com Group by 85.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 395,054 shares of the company's stock valued at $23,478,000 after purchasing an additional 182,403 shares during the last quarter. Finally, Central Asset Investments & Management Holdings HK Ltd bought a new stake in shares of Trip.com Group during the 3rd quarter worth $2,615,000. 35.41% of the stock is owned by institutional investors.

Trip.com Group Trading Up 2.8 %

NASDAQ:TCOM traded up $1.97 during mid-day trading on Thursday, reaching $73.26. 858,727 shares of the company's stock traded hands, compared to its average volume of 2,338,793. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.42 and a quick ratio of 1.42. Trip.com Group Limited has a 12-month low of $35.94 and a 12-month high of $77.18. The firm has a market capitalization of $47.19 billion, a price-to-earnings ratio of 22.07, a PEG ratio of 0.93 and a beta of 0.37. The company has a 50 day moving average price of $68.39 and a 200-day moving average price of $58.30.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Barclays raised their price objective on shares of Trip.com Group from $76.00 to $84.00 and gave the stock an "overweight" rating in a report on Wednesday, November 20th. Macquarie lifted their price target on shares of Trip.com Group from $75.40 to $80.80 and gave the stock an "outperform" rating in a report on Wednesday, November 20th. Hsbc Global Res raised Trip.com Group from a "hold" rating to a "strong-buy" rating in a report on Tuesday, November 19th. HSBC upgraded Trip.com Group from a "hold" rating to a "buy" rating and set a $75.00 target price on the stock in a research note on Tuesday, November 19th. Finally, Sanford C. Bernstein initiated coverage on Trip.com Group in a research note on Monday, November 4th. They set an "outperform" rating and a $85.00 price target for the company. Eleven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $74.78.

Trip.com Group 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.