Quantbot Technologies LP Has $989,000 Position in Trip.com Group Limited (NASDAQ:TCOM)

Quantbot Technologies LP grew its holdings in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 218.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 16,644 shares of the company's stock after purchasing an additional 11,412 shares during the period. Quantbot Technologies LP's holdings in Trip.com Group were worth $989,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. FMR LLC raised its position in shares of Trip.com Group by 32.8% during the 3rd quarter. FMR LLC now owns 11,123,783 shares of the company's stock worth $661,086,000 after buying an additional 2,749,365 shares in the last quarter. Cantillon Capital Management LLC boosted its stake in Trip.com Group by 14.9% during the 3rd quarter. Cantillon Capital Management LLC now owns 4,868,383 shares of the company's stock valued at $289,328,000 after purchasing an additional 629,508 shares in the last quarter. Fisher Asset Management LLC raised its stake in shares of Trip.com Group by 6.1% in the 3rd quarter. Fisher Asset Management LLC now owns 2,961,009 shares of the company's stock worth $175,973,000 after buying an additional 170,890 shares in the last quarter. Ninety One UK Ltd lifted its holdings in shares of 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 buying an additional 36,122 shares during the period. Finally, Marshall Wace LLP grew its holdings 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 worth $80,052,000 after acquiring an additional 804,885 shares during the period. 35.41% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. StockNews.com raised shares of Trip.com Group from a "hold" rating to a "buy" rating in a research note on Wednesday, November 20th. Hsbc Global Res raised Trip.com Group from a "hold" rating to a "strong-buy" rating in a report on Tuesday, November 19th. TD Cowen raised their price objective on Trip.com Group from $56.00 to $71.00 and gave the stock a "buy" rating in a research note on Tuesday, November 19th. Sanford C. Bernstein assumed coverage on Trip.com Group in a research report on Monday, November 4th. They issued an "outperform" rating and a $85.00 price target for the company. Finally, Mizuho lifted their price objective on shares of Trip.com Group from $65.00 to $78.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 12th. Eleven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $74.18.

Trip.com Group Stock Up 1.0 %

NASDAQ:TCOM traded up $0.62 during mid-day trading on Monday, reaching $65.27. The stock had a trading volume of 1,684,095 shares, compared to its average volume of 4,012,560. 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 market cap of $42.04 billion, a P/E ratio of 19.36, a PEG ratio of 0.97 and a beta of 0.39. The business's 50 day moving average is $62.64 and its 200 day moving average is $52.85. Trip.com Group Limited has a fifty-two week low of $32.42 and a fifty-two week high of $69.67.

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.