Lansforsakringar Fondforvaltning AB publ Makes New Investment in Trip.com Group Limited (NASDAQ:TCOM)

Lansforsakringar Fondforvaltning AB publ bought a new position in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 13,190 shares of the company's stock, valued at approximately $906,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TCOM. KBC Group NV grew its holdings in Trip.com Group by 7.5% during the 4th quarter. KBC Group NV now owns 134,978 shares of the company's stock worth $9,268,000 after acquiring an additional 9,371 shares in the last quarter. SteelPeak Wealth LLC bought a new position in Trip.com Group during the 4th quarter worth about $264,000. Caprock Group LLC grew its holdings in Trip.com Group by 13.7% during the 4th quarter. Caprock Group LLC now owns 6,682 shares of the company's stock worth $459,000 after acquiring an additional 807 shares in the last quarter. abrdn plc boosted its holdings in shares of Trip.com Group by 0.5% in the 4th quarter. abrdn plc now owns 29,598 shares of the company's stock valued at $2,032,000 after buying an additional 150 shares in the last quarter. Finally, Ninety One North America Inc. boosted its holdings in shares of Trip.com Group by 0.8% in the 4th quarter. Ninety One North America Inc. now owns 622,663 shares of the company's stock valued at $42,752,000 after buying an additional 4,889 shares in the last quarter. 35.41% of the stock is currently owned by institutional investors.

Trip.com Group Stock Performance

TCOM stock traded down $0.60 during trading on Tuesday, reaching $63.05. The company had a trading volume of 2,279,059 shares, compared to its average volume of 3,967,430. The firm has a 50-day simple moving average of $60.00 and a 200-day simple moving average of $64.41. The company has a market cap of $41.19 billion, a price-to-earnings ratio of 18.88, a price-to-earnings-growth ratio of 0.67 and a beta of 0.08. 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 twelve month low of $38.23 and a twelve month high of $77.18.

Analysts Set New Price Targets

A number of analysts have recently weighed in on TCOM shares. JPMorgan Chase & Co. lowered their price target on shares of Trip.com Group from $80.00 to $75.00 and set an "overweight" rating on the stock in a report on Thursday, February 27th. Mizuho upgraded shares of Trip.com Group to a "strong-buy" rating in a report on Friday, May 2nd. Benchmark restated a "buy" rating and issued a $80.00 price target on shares of Trip.com Group in a report on Tuesday, May 20th. Bank of America raised their price target on shares of Trip.com Group from $68.00 to $70.00 and gave the company a "buy" rating in a report on Wednesday, May 21st. Finally, TD Securities raised their price target on shares of Trip.com Group from $67.00 to $73.00 and gave the company a "buy" rating in a report on Tuesday, May 20th. One investment 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 company. Based on data from MarketBeat.com, Trip.com Group currently has an average rating of "Buy" and a consensus 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.