State of New Jersey Common Pension Fund D Boosts Holdings in Trip.com Group Limited (NASDAQ:TCOM)

State of New Jersey Common Pension Fund D boosted its holdings in Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 4.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 160,005 shares of the company's stock after purchasing an additional 7,266 shares during the quarter. State of New Jersey Common Pension Fund D's holdings in Trip.com Group were worth $10,986,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. GSA Capital Partners LLP purchased a new stake in Trip.com Group in the 3rd quarter valued at $384,000. LMR Partners LLP purchased a new stake in Trip.com Group in the 3rd quarter valued at $18,435,000. Headwater Capital Co Ltd purchased a new position in Trip.com Group during the 4th quarter worth $13,732,000. Massachusetts Financial Services Co. MA raised its position in 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 worth $23,478,000 after buying an additional 182,403 shares during the last quarter. Finally, WT Asset Management Ltd raised its position in Trip.com Group by 92.3% during the 4th quarter. WT Asset Management Ltd now owns 44,416 shares of the company's stock worth $3,050,000 after buying an additional 21,316 shares during the last quarter. Hedge funds and other institutional investors own 35.41% of the company's stock.

Trip.com Group Price Performance

Shares of NASDAQ TCOM traded up $0.91 during midday trading on Friday, hitting $67.02. The company had a trading volume of 6,198,392 shares, compared to its average volume of 2,790,048. 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 business has a 50-day simple moving average of $68.78 and a two-hundred day simple moving average of $61.12. Trip.com Group Limited has a twelve month low of $38.23 and a twelve month high of $77.18. The firm has a market capitalization of $43.17 billion, a price-to-earnings ratio of 20.07, a price-to-earnings-growth ratio of 0.67 and a beta of 0.37.

Analysts Set New Price Targets

A number of brokerages have commented on TCOM. Citigroup upped their price objective on shares of Trip.com Group from $73.00 to $78.00 and gave the stock a "buy" rating in a research report on Friday, January 3rd. Sanford C. Bernstein began coverage on shares of Trip.com Group in a research report on Monday, November 4th. They set an "outperform" rating and a $85.00 price objective for the company. Benchmark restated a "buy" rating and set a $80.00 price objective on shares of Trip.com Group in a research report on Tuesday, January 14th. Barclays upped their price objective 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. Finally, TD Cowen upped their price target on shares of Trip.com Group from $56.00 to $71.00 and gave the stock a "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 given a strong buy rating to the company. According to data from MarketBeat, Trip.com Group presently has a consensus rating of "Buy" and a consensus 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.