The Manufacturers Life Insurance Company Trims Holdings in Trip.com Group Limited (NASDAQ:TCOM)

The Manufacturers Life Insurance Company lessened its position in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 81.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 124,594 shares of the company's stock after selling 543,369 shares during the period. The Manufacturers Life Insurance Company's holdings in Trip.com Group were worth $7,405,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Cantillon Capital Management LLC increased its holdings in shares of Trip.com Group by 14.9% in the third quarter. Cantillon Capital Management LLC now owns 4,868,383 shares of the company's stock worth $289,328,000 after purchasing an additional 629,508 shares during the period. Fisher Asset Management LLC increased its position in shares of Trip.com Group by 6.1% in the third quarter. Fisher Asset Management LLC now owns 2,961,009 shares of the company's stock worth $175,973,000 after purchasing an additional 170,890 shares during the last quarter. Ninety One UK Ltd raised its stake in Trip.com Group by 1.3% in the second quarter. Ninety One UK Ltd now owns 2,748,579 shares of the company's stock valued at $129,183,000 after purchasing an additional 36,122 shares in the last quarter. Marshall Wace LLP lifted its position in Trip.com Group by 89.6% during the second quarter. Marshall Wace LLP now owns 1,703,234 shares of the company's stock valued at $80,052,000 after purchasing an additional 804,885 shares during the last quarter. Finally, Canada Pension Plan Investment Board grew its stake in Trip.com Group by 5.5% in the 2nd quarter. Canada Pension Plan Investment Board now owns 1,663,400 shares of the company's stock worth $78,180,000 after buying an additional 86,400 shares in the last quarter. 35.41% of the stock is currently owned by hedge funds and other institutional investors.

Trip.com Group Trading Up 0.5 %

Shares of NASDAQ:TCOM traded up $0.33 on Thursday, hitting $67.21. The company had a trading volume of 3,073,385 shares, compared to its average volume of 4,025,118. Trip.com Group Limited has a 1 year low of $32.66 and a 1 year high of $69.67. 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 firm's 50-day simple moving average is $63.79 and its two-hundred day simple moving average is $53.18. The firm has a market capitalization of $43.29 billion, a price-to-earnings ratio of 20.12, a P/E/G ratio of 1.03 and a beta of 0.38.

Wall Street Analyst Weigh In

A number of research firms recently commented on TCOM. Barclays increased their target price on Trip.com Group from $76.00 to $84.00 and gave the company an "overweight" rating in a research note on Wednesday, November 20th. Mizuho upped their price objective on shares of Trip.com Group from $65.00 to $78.00 and gave the company an "outperform" rating in a research note on Tuesday, November 12th. Citigroup lifted their target price on shares of Trip.com Group from $66.00 to $72.00 and gave the stock a "buy" rating in a research report on Thursday, October 10th. 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 objective on the stock. Finally, Hsbc Global Res raised Trip.com Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, November 19th. Eleven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $74.18.

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.