Trip.com Group Limited (NASDAQ:TCOM) Shares Bought by Fmr LLC

FMR LLC raised its holdings in Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 32.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,123,783 shares of the company's stock after purchasing an additional 2,749,365 shares during the quarter. FMR LLC owned about 1.73% of Trip.com Group worth $661,086,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. CWM LLC boosted its holdings in shares of Trip.com Group by 10.4% in the third quarter. CWM LLC now owns 2,327 shares of the company's stock valued at $138,000 after acquiring an additional 220 shares in the last quarter. QRG Capital Management Inc. increased its position in Trip.com Group by 2.6% during the 2nd quarter. QRG Capital Management Inc. now owns 13,772 shares of the company's stock worth $647,000 after purchasing an additional 344 shares during the period. Creative Planning raised its stake in shares of Trip.com Group by 1.7% during the 3rd quarter. Creative Planning now owns 25,622 shares of the company's stock worth $1,523,000 after buying an additional 423 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Trip.com Group by 4.2% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 10,647 shares of the company's stock valued at $500,000 after buying an additional 431 shares during the period. Finally, Benjamin F. Edwards & Company Inc. boosted its stake in shares of 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 valued at $55,000 after buying an additional 489 shares in the last quarter. Hedge funds and other institutional investors own 35.41% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on TCOM. Benchmark increased their price objective on Trip.com Group from $72.00 to $80.00 and gave the stock a "buy" rating in a research report on Tuesday, November 19th. Barclays raised their price objective on shares of Trip.com Group from $76.00 to $84.00 and gave the company an "overweight" rating in a research note on Wednesday, November 20th. Citigroup upped 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. Hsbc Global Res upgraded shares of Trip.com Group from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, November 19th. Finally, HSBC raised Trip.com Group from a "hold" rating to a "buy" rating and set a $75.00 price target on the stock 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $74.18.

Trip.com Group Trading Up 1.3 %

Shares of NASDAQ TCOM traded up $0.85 during midday trading on Friday, reaching $64.65. 2,559,442 shares of the stock were exchanged, compared to its average volume of 4,022,897. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $41.64 billion, a P/E ratio of 19.10, a P/E/G ratio of 0.96 and a beta of 0.39. The stock has a 50 day moving average price of $62.32 and a 200-day moving average price of $52.82. Trip.com Group Limited has a 52-week low of $32.42 and a 52-week high of $69.67.

Trip.com Group (NASDAQ:TCOM - Get Free Report) last issued its quarterly earnings results on Monday, August 26th. The company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.22. Trip.com Group had a return on equity of 12.04% and a net margin of 31.86%. The company had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.80 billion. Equities research analysts expect that Trip.com Group Limited will post 3.29 earnings per share for the current fiscal year.

Trip.com Group 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.