Boston Common Asset Management LLC Acquires 1,942 Shares of Trip.com Group Limited (NASDAQ:TCOM)

Boston Common Asset Management LLC grew its holdings in shares of Trip.com Group Limited (NASDAQ:TCOM) by 0.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 225,606 shares of the company’s stock after acquiring an additional 1,942 shares during the quarter. Boston Common Asset Management LLC’s holdings in Trip.com Group were worth $15,490,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. GSA Capital Partners LLP bought a new stake in Trip.com Group during the 3rd quarter worth $384,000. LMR Partners LLP bought a new stake in shares of Trip.com Group during the third quarter worth about $18,435,000. Headwater Capital Co Ltd acquired a new position in shares of Trip.com Group in the fourth quarter valued at approximately $13,732,000. Massachusetts Financial Services Co. MA increased its stake in shares of Trip.com Group by 85.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 395,054 shares of the company’s stock valued at $23,478,000 after buying an additional 182,403 shares during the period. Finally, Central Asset Investments & Management Holdings HK Ltd bought a new position in Trip.com Group in the 3rd quarter valued at approximately $2,615,000. Institutional investors own 35.41% of the company’s stock.

Analysts Set New Price Targets

TCOM has been the subject of several recent research reports. Barclays upped their price target on shares of Trip.com Group from $76.00 to $84.00 and gave the company an “overweight” rating in a research report on Wednesday, November 20th. Mizuho increased their price objective on Trip.com Group from $65.00 to $78.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. HSBC raised Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a report on Tuesday, November 19th. Sanford C. Bernstein initiated coverage on Trip.com Group in a research note on Monday, November 4th. They issued an “outperform” rating and a $85.00 price target for the company. Finally, Benchmark reaffirmed a “buy” rating and issued a $80.00 price objective on shares of Trip.com Group in a research note on Tuesday. Eleven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $74.78.

Trip.com Group Stock Performance

NASDAQ:TCOM traded up $2.68 on Friday, reaching $68.49. 318,236 shares of the company’s stock were exchanged, compared to its average volume of 2,380,797. The firm has a market cap of $44.12 billion, a price-to-earnings ratio of 20.47, a P/E/G ratio of 0.88 and a beta of 0.37. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.42 and a quick ratio of 1.42. The stock has a fifty day simple moving average of $67.32 and a 200-day simple moving average of $56.93. Trip.com Group Limited has a 52 week low of $34.42 and a 52 week high of $77.18.

Trip.com Group Profile

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.