1,233,990 Shares in Trip.com Group Limited (NASDAQ:TCOM) Bought by Wasatch Advisors LP

Wasatch Advisors LP acquired a new position in shares of Trip.com Group Limited (NASDAQ:TCOM) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,233,990 shares of the company’s stock, valued at approximately $73,336,000. Wasatch Advisors LP owned about 0.19% of Trip.com Group at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in TCOM. Advisors Asset Management Inc. lifted its stake in Trip.com Group by 29.5% during the first quarter. Advisors Asset Management Inc. now owns 2,692 shares of the company’s stock worth $118,000 after purchasing an additional 613 shares during the last quarter. Swedbank AB bought a new stake in Trip.com Group in the first quarter valued at $8,891,000. Cetera Advisors LLC bought a new stake in Trip.com Group in the first quarter valued at $432,000. Hilltop National Bank lifted its stake in Trip.com Group by 322.1% in the second quarter. Hilltop National Bank now owns 1,148 shares of the company’s stock valued at $54,000 after buying an additional 876 shares during the last quarter. Finally, CWM LLC lifted its stake in Trip.com Group by 13.5% in the second quarter. CWM LLC now owns 2,107 shares of the company’s stock valued at $99,000 after buying an additional 251 shares during the last quarter. 35.41% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on TCOM. HSBC upgraded Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a research note on Tuesday, November 19th. Hsbc Global Res raised Trip.com Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 19th. Benchmark raised their price target on Trip.com Group from $72.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Citigroup raised their price target on Trip.com Group from $66.00 to $72.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Finally, TD Cowen raised their price target on Trip.com Group from $56.00 to $71.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Eleven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Trip.com Group presently has a consensus rating of “Buy” and a consensus price target of $74.18.

Trip.com Group Price Performance

NASDAQ:TCOM opened at $64.65 on Friday. The business’s 50-day moving average price is $62.64 and its 200 day moving average price is $52.89. The firm has a market cap of $41.64 billion, a P/E ratio of 19.36, a PEG ratio of 0.96 and a beta of 0.39. Trip.com Group Limited has a 52-week low of $32.42 and a 52-week high of $69.67. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.14.

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.