WT Asset Management Ltd Purchases 21,316 Shares of Trip.com Group Limited (NASDAQ:TCOM)

WT Asset Management Ltd increased its position in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 92.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,416 shares of the company's stock after purchasing an additional 21,316 shares during the period. Trip.com Group accounts for 0.3% of WT Asset Management Ltd's portfolio, making the stock its 26th largest holding. WT Asset Management Ltd's holdings in Trip.com Group were worth $3,050,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. FMR LLC lifted its position in shares of Trip.com Group by 32.8% in the third quarter. FMR LLC now owns 11,123,783 shares of the company's stock valued at $661,086,000 after acquiring an additional 2,749,365 shares in the last quarter. Sanders Capital LLC raised its stake in 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 purchasing an additional 2,462,767 shares during the period. Aspex Management HK Ltd purchased a new position in Trip.com Group in the 3rd quarter worth approximately $128,962,000. Wellington Management Group LLP boosted its stake in Trip.com Group by 557.8% in the 3rd quarter. Wellington Management Group LLP now owns 2,263,048 shares of the company's stock worth $134,493,000 after purchasing an additional 1,919,006 shares during the period. Finally, ARGA Investment Management LP grew its holdings in Trip.com Group by 46.9% during the 3rd quarter. ARGA Investment Management LP now owns 5,899,404 shares of the company's stock valued at $350,602,000 after buying an additional 1,884,044 shares in the last quarter. Hedge funds and other institutional investors own 35.41% of the company's stock.

Wall Street Analysts Forecast Growth

TCOM has been the subject of several research analyst reports. Sanford C. Bernstein initiated coverage on shares of Trip.com Group in a research note on Monday, November 4th. They set an "outperform" rating and a $85.00 target price for the company. Benchmark restated a "buy" rating and set a $80.00 price objective on shares of Trip.com Group in a research report on Tuesday, January 14th. Barclays boosted their target price on Trip.com Group from $76.00 to $84.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 20th. Mizuho raised their price target on Trip.com Group from $65.00 to $78.00 and gave the company an "outperform" rating in a report on Tuesday, November 12th. Finally, Macquarie upped their price objective on Trip.com Group from $75.40 to $80.80 and gave the stock an "outperform" rating in a report on Wednesday, November 20th. Eleven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $74.78.

Trip.com Group Price Performance

Shares of TCOM stock opened at $71.27 on Wednesday. The stock has a 50 day moving average price of $68.83 and a 200 day moving average price of $58.91. The firm has a market capitalization of $45.90 billion, a P/E ratio of 21.34, a P/E/G ratio of 0.71 and a beta of 0.37. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.42 and a current ratio of 1.42. Trip.com Group Limited has a 52-week low of $36.88 and a 52-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.

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