Trip.com Group Limited (NASDAQ:TCOM) Position Increased by ARGA Investment Management LP

ARGA Investment Management LP grew its position in Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 46.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,899,404 shares of the company's stock after purchasing an additional 1,884,044 shares during the period. Trip.com Group comprises about 11.6% of ARGA Investment Management LP's portfolio, making the stock its largest position. ARGA Investment Management LP owned about 0.92% of Trip.com Group worth $350,602,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. RPg Family Wealth Advisory LLC purchased a new position in Trip.com Group in the third quarter worth $38,000. Fifth Third Bancorp grew its position in Trip.com Group by 1,188.0% during the second quarter. Fifth Third Bancorp now owns 1,069 shares of the company's stock valued at $50,000 after buying an additional 986 shares during the period. Hilltop National Bank increased its holdings in Trip.com Group by 322.1% during the second quarter. Hilltop National Bank now owns 1,148 shares of the company's stock worth $54,000 after buying an additional 876 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its position in Trip.com Group by 72.3% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,165 shares of the company's stock worth $55,000 after acquiring an additional 489 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Trip.com Group in the second quarter valued at about $66,000. 35.41% of the stock is owned by institutional investors.

Trip.com Group Price Performance

Shares of TCOM traded up $0.85 during midday trading on Friday, hitting $64.65. 2,559,444 shares of the company traded hands, compared to its average volume of 3,261,494. Trip.com Group Limited has a one year low of $32.42 and a one year high of $69.67. The firm has a market cap of $41.64 billion, a P/E ratio of 19.36, a PEG ratio of 0.97 and a beta of 0.39. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.42 and a quick ratio of 1.42. The stock has a 50-day moving average of $62.64 and a 200-day moving average of $52.85.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. StockNews.com raised shares of Trip.com Group from a "hold" rating to a "buy" rating in a report on Wednesday, November 20th. Citigroup boosted their target price 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. Hsbc Global Res upgraded Trip.com Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, November 19th. Sanford C. Bernstein began coverage on Trip.com Group in a report on Monday, November 4th. They issued an "outperform" rating and a $85.00 price objective for the company. Finally, Benchmark upped their price objective on shares of Trip.com Group from $72.00 to $80.00 and gave the company a "buy" rating in a report on Tuesday, November 19th. Eleven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target 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.