Ninety One North America Inc. Purchases 4,889 Shares of Trip.com Group Limited (NASDAQ:TCOM)

Ninety One North America Inc. raised its holdings in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 0.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 622,663 shares of the company's stock after purchasing an additional 4,889 shares during the quarter. Trip.com Group makes up 2.6% of Ninety One North America Inc.'s holdings, making the stock its 12th biggest position. Ninety One North America Inc. owned about 0.10% of Trip.com Group worth $42,752,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Brooklyn Investment Group acquired a new stake in Trip.com Group during the 4th quarter worth approximately $25,000. RPg Family Wealth Advisory LLC bought a new position in Trip.com Group during the 3rd quarter worth $38,000. CWM LLC lifted its holdings in shares of Trip.com Group by 10.4% during the third quarter. CWM LLC now owns 2,327 shares of the company's stock worth $138,000 after buying an additional 220 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its position in shares of Trip.com Group by 101.1% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 3,173 shares of the company's stock valued at $189,000 after acquiring an additional 1,595 shares during the period. Finally, Aaron Wealth Advisors LLC acquired a new position in shares of Trip.com Group in the fourth quarter valued at about $232,000. 35.41% of the stock is owned by institutional investors.

Trip.com Group Price Performance

TCOM traded up $0.69 on Friday, reaching $69.22. The stock had a trading volume of 2,943,506 shares, compared to its average volume of 2,406,996. The firm has a 50-day moving average of $69.20 and a 200-day moving average of $59.22. Trip.com Group Limited has a fifty-two week low of $38.23 and a fifty-two week high of $77.18. The company has a market capitalization of $44.58 billion, a price-to-earnings ratio of 20.72, a price-to-earnings-growth ratio of 0.71 and a beta of 0.37. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.14.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Hsbc Global Res upgraded shares of Trip.com Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, November 19th. Sanford C. Bernstein initiated coverage on Trip.com Group in a research note on Monday, November 4th. They issued an "outperform" rating and a $85.00 price target for the company. HSBC upgraded Trip.com Group from a "hold" rating to a "buy" rating and set a $75.00 price objective on the stock in a research note on Tuesday, November 19th. StockNews.com upgraded Trip.com Group from a "hold" rating to a "buy" rating in a research report on Wednesday, November 20th. Finally, TD Cowen raised their price target on Trip.com Group from $56.00 to $71.00 and gave the stock a "buy" rating in a research report on Tuesday, November 19th. Eleven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $74.78.

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.