Principal Financial Group Inc. Raises Holdings in Trip.com Group Limited (NASDAQ:TCOM)

Principal Financial Group Inc. lifted its holdings in Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 139.9% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 131,407 shares of the company's stock after buying an additional 76,624 shares during the period. Principal Financial Group Inc.'s holdings in Trip.com Group were worth $7,810,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of TCOM. Raymond James & Associates grew its stake in Trip.com Group by 16.5% in the 2nd quarter. Raymond James & Associates now owns 37,573 shares of the company's stock valued at $1,766,000 after purchasing an additional 5,324 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Trip.com Group during the second quarter valued at about $66,000. Van ECK Associates Corp increased its holdings in Trip.com Group by 63.5% during the second quarter. Van ECK Associates Corp now owns 111,757 shares of the company's stock worth $5,253,000 after buying an additional 43,400 shares during the last quarter. Ritholtz Wealth Management raised its position in Trip.com Group by 3.5% in the second quarter. Ritholtz Wealth Management now owns 14,919 shares of the company's stock worth $701,000 after acquiring an additional 505 shares during the period. Finally, Natixis Advisors LLC boosted its stake in Trip.com Group by 37.1% in the second quarter. Natixis Advisors LLC now owns 38,678 shares of the company's stock valued at $1,818,000 after acquiring an additional 10,458 shares during the last quarter. 35.41% of the stock is owned by institutional investors.

Trip.com Group Price Performance

Shares of TCOM stock traded up $0.05 during trading on Wednesday, hitting $68.66. The company had a trading volume of 1,093,102 shares, compared to its average volume of 3,949,175. Trip.com Group Limited has a 52 week low of $34.42 and a 52 week high of $77.18. The stock has a market capitalization of $44.22 billion, a price-to-earnings ratio of 20.56, a price-to-earnings-growth ratio of 1.10 and a beta of 0.38. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.14. The stock's 50-day moving average is $67.37 and its two-hundred day moving average is $55.82.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Citigroup raised their price target 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. Mizuho boosted their target price on Trip.com Group from $65.00 to $78.00 and gave the company an "outperform" rating in a research note on Tuesday, November 12th. Barclays increased their target price on shares of Trip.com Group from $76.00 to $84.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 20th. TD Cowen raised their price objective on shares of Trip.com Group from $56.00 to $71.00 and gave the stock a "buy" rating in a report on Tuesday, November 19th. Finally, StockNews.com raised shares of Trip.com Group from a "hold" rating to a "buy" rating in a report on Wednesday, November 20th. Eleven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus 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.