GF Fund Management CO. LTD. Acquires Shares of 384,128 Trip.com Group Limited (NASDAQ:TCOM)

GF Fund Management CO. LTD. bought a new stake in Trip.com Group Limited (NASDAQ:TCOM - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 384,128 shares of the company's stock, valued at approximately $26,374,000. GF Fund Management CO. LTD. owned 0.06% of Trip.com Group as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. FMR LLC grew its stake in shares of Trip.com Group by 125.5% in the fourth quarter. FMR LLC now owns 25,088,658 shares of the company's stock valued at $1,722,587,000 after buying an additional 13,964,875 shares in the last quarter. Schroder Investment Management Group grew its stake in shares of Trip.com Group by 2.1% in the fourth quarter. Schroder Investment Management Group now owns 10,196,836 shares of the company's stock valued at $700,115,000 after buying an additional 213,381 shares in the last quarter. Sanders Capital LLC grew its stake in shares of Trip.com Group by 1.4% in the fourth quarter. Sanders Capital LLC now owns 9,697,846 shares of the company's stock valued at $665,854,000 after buying an additional 131,443 shares in the last quarter. FIL Ltd grew its stake in shares of Trip.com Group by 8.8% in the fourth quarter. FIL Ltd now owns 8,453,025 shares of the company's stock valued at $580,385,000 after buying an additional 684,364 shares in the last quarter. Finally, Capital International Investors grew its stake in shares of Trip.com Group by 0.7% in the fourth quarter. Capital International Investors now owns 8,079,203 shares of the company's stock valued at $554,717,000 after buying an additional 53,784 shares in the last quarter. Hedge funds and other institutional investors own 35.41% of the company's stock.

Trip.com Group Stock Performance

Shares of NASDAQ TCOM traded down $0.58 during trading hours on Tuesday, reaching $61.75. The stock had a trading volume of 2,089,213 shares, compared to its average volume of 3,986,709. The firm has a market cap of $40.34 billion, a price-to-earnings ratio of 18.49, a PEG 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. Trip.com Group Limited has a fifty-two week low of $38.23 and a fifty-two week high of $77.18. The firm has a 50-day moving average of $60.12 and a 200-day moving average of $64.39.

Wall Street Analyst Weigh In

TCOM has been the subject of a number of research reports. Bank of America lifted their price objective on Trip.com Group from $68.00 to $70.00 and gave the company a "buy" rating in a research note on Wednesday, May 21st. TD Securities lifted their price objective on Trip.com Group from $67.00 to $73.00 and gave the company a "buy" rating in a research note on Tuesday, May 20th. Benchmark reissued a "buy" rating and set a $80.00 target price on shares of Trip.com Group in a research note on Tuesday, May 20th. Mizuho raised Trip.com Group to a "strong-buy" rating in a research note on Friday, May 2nd. Finally, JPMorgan Chase & Co. lowered their target price on Trip.com Group from $80.00 to $75.00 and set an "overweight" rating for the company in a research note on Thursday, February 27th. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Trip.com Group has an average rating of "Buy" and an average target price of $77.25.

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.