WCM Investment Management LLC Grows Stake in Trip.com Group Limited (NASDAQ:TCOM)

WCM Investment Management LLC boosted its holdings in Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 3.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 641,304 shares of the company's stock after buying an additional 19,966 shares during the quarter. WCM Investment Management LLC owned 0.10% of Trip.com Group worth $44,000,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC lifted its position in Trip.com Group by 32.8% during the third quarter. FMR LLC now owns 11,123,783 shares of the company's stock valued at $661,086,000 after purchasing an additional 2,749,365 shares during the period. Sanders Capital LLC lifted its holdings in shares of Trip.com Group by 34.7% during the 3rd quarter. Sanders Capital LLC now owns 9,566,403 shares of the company's stock valued at $568,531,000 after buying an additional 2,462,767 shares during the period. ARGA Investment Management LP boosted its stake in shares of Trip.com Group by 46.9% in the 3rd quarter. ARGA Investment Management LP now owns 5,899,404 shares of the company's stock worth $350,602,000 after buying an additional 1,884,044 shares during the last quarter. Cantillon Capital Management LLC grew its holdings in shares of Trip.com Group by 14.9% in the third quarter. Cantillon Capital Management LLC now owns 4,868,383 shares of the company's stock worth $289,328,000 after acquiring an additional 629,508 shares during the period. Finally, CoreView Capital Management Ltd increased its position in Trip.com Group by 15.8% during the third quarter. CoreView Capital Management Ltd now owns 4,676,166 shares of the company's stock valued at $277,905,000 after acquiring an additional 639,000 shares during the last quarter. Institutional investors own 35.41% of the company's stock.

Trip.com Group Price Performance

Shares of Trip.com Group stock traded up $2.37 on Wednesday, hitting $68.06. 3,346,183 shares of the company traded hands, compared to its average volume of 2,495,460. Trip.com Group Limited has a 52 week low of $38.23 and a 52 week high of $77.18. The business has a 50-day simple moving average of $69.30 and a 200 day simple moving average of $59.90. 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 stock has a market capitalization of $43.84 billion, a P/E ratio of 20.38, a price-to-earnings-growth ratio of 0.69 and a beta of 0.37.

Analyst Ratings Changes

TCOM has been the subject of several research reports. Benchmark reaffirmed a "buy" rating and set a $80.00 price target on shares of Trip.com Group in a research report on Tuesday, January 14th. Barclays increased their price target 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. Macquarie lifted their price target on shares of Trip.com Group from $75.40 to $80.80 and gave the stock an "outperform" rating in a research note on Wednesday, November 20th. Mizuho upped their price objective on Trip.com Group from $65.00 to $78.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 12th. Finally, StockNews.com upgraded Trip.com Group from a "hold" rating to a "buy" rating in a research report on Wednesday, November 20th. Eleven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $74.78.

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.