Public Employees Retirement System of Ohio acquired a new stake in Trip.com Group Limited (NASDAQ:TCOM - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 320,185 shares of the company's stock, valued at approximately $21,984,000.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. FMR LLC lifted its stake in Trip.com Group by 125.5% in the fourth quarter. FMR LLC now owns 25,088,658 shares of the company's stock worth $1,722,587,000 after acquiring an additional 13,964,875 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in Trip.com Group by 1,925.9% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,986,561 shares of the company's stock worth $205,057,000 after acquiring an additional 2,839,142 shares during the last quarter. Wellington Management Group LLP lifted its stake in Trip.com Group by 92.9% in the fourth quarter. Wellington Management Group LLP now owns 4,364,985 shares of the company's stock worth $299,700,000 after acquiring an additional 2,101,937 shares during the last quarter. Voya Investment Management LLC lifted its stake in Trip.com Group by 751.8% in the fourth quarter. Voya Investment Management LLC now owns 2,106,740 shares of the company's stock worth $144,649,000 after acquiring an additional 1,859,401 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in Trip.com Group by 16,640.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,431,336 shares of the company's stock worth $98,277,000 after acquiring an additional 1,422,786 shares during the last quarter. Hedge funds and other institutional investors own 35.41% of the company's stock.
Trip.com Group Stock Performance
TCOM stock traded up $1.39 on Thursday, hitting $64.56. The company's stock had a trading volume of 2,833,605 shares, compared to its average volume of 3,977,891. The firm has a 50 day moving average of $60.04 and a two-hundred day moving average of $64.37. Trip.com Group Limited has a 1 year low of $38.23 and a 1 year high of $77.18. The stock has a market cap of $42.18 billion, a price-to-earnings ratio of 19.33, a price-to-earnings-growth ratio of 0.67 and a beta of 0.08. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.14.
Wall Street Analyst Weigh In
TCOM has been the subject of a number of recent research reports. Benchmark reiterated a "buy" rating and issued a $80.00 price target on shares of Trip.com Group in a research note on Tuesday, May 20th. JPMorgan Chase & Co. reduced their price objective on shares of Trip.com Group from $80.00 to $75.00 and set an "overweight" rating for the company in a research report on Thursday, February 27th. TD Securities boosted their price objective on shares of Trip.com Group from $67.00 to $73.00 and gave the stock a "buy" rating in a research report on Tuesday, May 20th. Wall Street Zen downgraded shares of Trip.com Group from a "buy" rating to a "hold" rating in a research report on Saturday, April 26th. Finally, Mizuho upgraded shares of Trip.com Group to a "strong-buy" rating in a research report on Friday, May 2nd. One research analyst has rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $77.25.
Read Our Latest Report on Trip.com Group
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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