Fisher Asset Management LLC Has $205.68 Million Stock Holdings in Trip.com Group Limited (NASDAQ:TCOM)

Fisher Asset Management LLC increased its stake in Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 1.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,995,595 shares of the company's stock after buying an additional 34,586 shares during the quarter. Fisher Asset Management LLC owned approximately 0.47% of Trip.com Group worth $205,678,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in TCOM. Raymond James & Associates grew its position in shares of Trip.com Group by 9.1% in the 3rd quarter. Raymond James & Associates now owns 40,998 shares of the company's stock valued at $2,437,000 after acquiring an additional 3,425 shares during the period. New York State Common Retirement Fund lifted its stake in Trip.com Group by 155.1% in the 3rd quarter. New York State Common Retirement Fund now owns 1,145,863 shares of the company's stock valued at $68,099,000 after purchasing an additional 696,766 shares during the last quarter. Van ECK Associates Corp grew its holdings in Trip.com Group by 27.7% during the third quarter. Van ECK Associates Corp now owns 142,745 shares of the company's stock worth $8,770,000 after purchasing an additional 30,988 shares during the period. Veritas Asset Management LLP bought a new stake in Trip.com Group in the third quarter valued at approximately $939,000. Finally, QRG Capital Management Inc. raised its stake in Trip.com Group by 5.0% in the third quarter. QRG Capital Management Inc. now owns 14,465 shares of the company's stock valued at $860,000 after buying an additional 693 shares during the period. 35.41% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on TCOM shares. Citigroup boosted their target price on Trip.com Group from $73.00 to $78.00 and gave the stock a "buy" rating in a report on Friday, January 3rd. StockNews.com downgraded shares of Trip.com Group from a "buy" rating to a "hold" rating in a report on Wednesday, February 26th. Benchmark restated a "buy" rating and set a $80.00 target price on shares of Trip.com Group in a research note on Tuesday, February 25th. JPMorgan Chase & Co. decreased their price target on shares of Trip.com Group from $80.00 to $75.00 and set an "overweight" rating on the stock in a research note on Thursday. Finally, Sanford C. Bernstein initiated 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. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $77.08.

Trip.com Group Price Performance

Shares of NASDAQ TCOM traded up $2.15 during midday trading on Monday, reaching $58.83. The company's stock had a trading volume of 3,242,139 shares, compared to its average volume of 3,816,704. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.42 and a current ratio of 1.42. The company has a market cap of $37.89 billion, a P/E ratio of 17.66, a P/E/G ratio of 0.67 and a beta of 0.37. The business's 50 day moving average price is $67.39 and its two-hundred day moving average price is $61.99. Trip.com Group Limited has a fifty-two week low of $38.23 and a fifty-two week high of $77.18.

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.