Wellington Management Group LLP Boosts Stock Position in Trip.com Group Limited (NASDAQ:TCOM)

Wellington Management Group LLP grew its holdings in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 557.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,263,048 shares of the company's stock after buying an additional 1,919,006 shares during the quarter. Wellington Management Group LLP owned 0.35% of Trip.com Group worth $134,493,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Stifel Financial Corp lifted its position in Trip.com Group by 18.4% in the third quarter. Stifel Financial Corp now owns 17,200 shares of the company's stock worth $1,022,000 after buying an additional 2,678 shares during the last quarter. Quantinno Capital Management LP increased its position in Trip.com Group by 27.6% during the third quarter. Quantinno Capital Management LP now owns 13,173 shares of the company's stock valued at $783,000 after acquiring an additional 2,853 shares during the last quarter. Polymer Capital Management HK LTD raised its stake in shares of Trip.com Group by 424.5% in the third quarter. Polymer Capital Management HK LTD now owns 145,098 shares of the company's stock valued at $8,623,000 after acquiring an additional 117,436 shares during the period. Parallax Volatility Advisers L.P. lifted its holdings in shares of Trip.com Group by 131.4% in the 3rd quarter. Parallax Volatility Advisers L.P. now owns 33,789 shares of the company's stock worth $2,008,000 after acquiring an additional 19,184 shares during the last quarter. Finally, Aspex Management HK Ltd purchased a new position in shares of Trip.com Group during the 3rd quarter worth about $128,962,000. Institutional investors own 35.41% of the company's stock.

Trip.com Group Stock Down 4.1 %

Shares of NASDAQ:TCOM traded down $3.06 during trading hours on Tuesday, hitting $72.00. The company's stock had a trading volume of 4,264,800 shares, compared to its average volume of 4,043,574. The firm's fifty day moving average price is $64.25 and its 200 day moving average price is $53.40. Trip.com Group Limited has a 52 week low of $32.66 and a 52 week high of $77.18. The company has a market capitalization of $46.37 billion, a price-to-earnings ratio of 21.51, a P/E/G ratio of 1.04 and a beta of 0.38. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.42 and a quick ratio of 1.42.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Sanford C. Bernstein assumed coverage on shares of Trip.com Group in a research note on Monday, November 4th. They issued an "outperform" rating and a $85.00 price objective for the company. Hsbc Global Res raised Trip.com Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, November 19th. Barclays upped their price objective on Trip.com Group from $76.00 to $84.00 and gave the company an "overweight" rating in a research report on Wednesday, November 20th. Macquarie boosted their target price on shares of Trip.com Group from $75.40 to $80.80 and gave the company an "outperform" rating in a research note on Wednesday, November 20th. Finally, StockNews.com raised shares of Trip.com Group from a "hold" rating to a "buy" rating in a research note on Wednesday, November 20th. Eleven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $74.18.

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.