UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 673,228 Shares of Trip.com Group Limited (NASDAQ:TCOM)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Trip.com Group Limited (NASDAQ:TCOM) by 2,170.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 704,244 shares of the company’s stock after buying an additional 673,228 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Trip.com Group were worth $41,853,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. FMR LLC raised its holdings in Trip.com Group by 32.8% in the 3rd 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 increased its position in shares of Trip.com Group by 34.7% during the third 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. Cantillon Capital Management LLC raised its stake in shares of Trip.com Group by 14.9% in the third quarter. Cantillon Capital Management LLC now owns 4,868,383 shares of the company’s stock valued at $289,328,000 after purchasing an additional 629,508 shares in the last quarter. Fisher Asset Management LLC lifted its position in Trip.com Group by 6.1% in the third quarter. Fisher Asset Management LLC now owns 2,961,009 shares of the company’s stock worth $175,973,000 after purchasing an additional 170,890 shares during the period. Finally, Ninety One UK Ltd boosted its stake in Trip.com Group by 1.3% during the second quarter. Ninety One UK Ltd now owns 2,748,579 shares of the company’s stock worth $129,183,000 after buying an additional 36,122 shares in the last quarter. 35.41% of the stock is owned by institutional investors and hedge funds.

Trip.com Group Trading Up 4.3 %

Shares of TCOM opened at $68.03 on Wednesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.42 and a current ratio of 1.42. The company has a market cap of $43.82 billion, a price-to-earnings ratio of 20.37, a PEG ratio of 0.98 and a beta of 0.38. The stock has a fifty day moving average price of $63.26 and a two-hundred day moving average price of $52.99. Trip.com Group Limited has a 52-week low of $32.42 and a 52-week high of $69.67.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on TCOM. HSBC upgraded shares of Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a research note on Tuesday, November 19th. Macquarie raised their price target on shares of Trip.com Group from $75.40 to $80.80 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. StockNews.com raised Trip.com Group from a “hold” rating to a “buy” rating in a report on Wednesday, November 20th. Sanford C. Bernstein assumed coverage on Trip.com Group in a report on Monday, November 4th. They issued an “outperform” rating and a $85.00 target price for the company. Finally, Citigroup boosted their price target on Trip.com Group from $66.00 to $72.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Eleven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $74.18.

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.