UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 2,170.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 704,244 shares of the company's stock after acquiring an additional 673,228 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.11% of Trip.com Group worth $41,853,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. GSA Capital Partners LLP purchased a new stake in shares of Trip.com Group in the 3rd quarter valued at approximately $384,000. LMR Partners LLP acquired a new stake in Trip.com Group during the 3rd quarter valued at $18,435,000. Atlas Capital Advisors LLC lifted its holdings in shares of Trip.com Group by 115.7% in the second quarter. Atlas Capital Advisors LLC now owns 3,628 shares of the company's stock valued at $171,000 after purchasing an additional 1,946 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Trip.com Group by 85.8% in the third 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 period. Finally, Central Asset Investments & Management Holdings HK Ltd purchased a new position in shares of Trip.com Group during the third quarter valued at $2,615,000. 35.41% of the stock is currently owned by institutional investors and hedge funds.
Trip.com Group Stock Performance
Shares of TCOM stock traded down $1.39 during trading on Wednesday, reaching $66.64. The company had a trading volume of 1,819,868 shares, compared to its average volume of 4,015,707. The firm's 50 day simple moving average is $63.26 and its two-hundred day simple moving average is $52.99. Trip.com Group Limited has a one year low of $32.42 and a one year high of $69.67. 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 company has a market capitalization of $42.92 billion, a PE ratio of 20.37, a PEG ratio of 0.98 and a beta of 0.38.
Analyst Upgrades and Downgrades
Several equities analysts have weighed in on the company. Barclays lifted their target price on Trip.com Group from $76.00 to $84.00 and gave the company an "overweight" rating in a research note on Wednesday, November 20th. Macquarie boosted their price objective on shares of Trip.com Group from $75.40 to $80.80 and gave the company an "outperform" rating in a research report on Wednesday, November 20th. Benchmark increased their target price on shares of Trip.com Group from $72.00 to $80.00 and gave the stock a "buy" rating in a research report on Tuesday, November 19th. TD Cowen boosted their price target on shares of Trip.com Group from $56.00 to $71.00 and gave the company a "buy" rating in a report on Tuesday, November 19th. Finally, Mizuho increased their price objective on Trip.com Group from $65.00 to $78.00 and gave the stock an "outperform" rating in a report on Tuesday, November 12th. Eleven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $74.18.
Get Our Latest Stock Analysis on TCOM
Trip.com Group Company Profile
(
Free Report)
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.
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