Trip.com Group Limited (NASDAQ:TCOM) Shares Bought by Cerity Partners LLC

Cerity Partners LLC grew its stake in Trip.com Group Limited (NASDAQ:TCOM) by 16.1% during the 3rd quarter, Holdings Channel reports. The fund owned 13,706 shares of the company’s stock after acquiring an additional 1,896 shares during the period. Cerity Partners LLC’s holdings in Trip.com Group were worth $815,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of TCOM. GSA Capital Partners LLP acquired a new stake in shares of Trip.com Group in the third quarter worth approximately $384,000. LMR Partners LLP purchased a new stake in shares of Trip.com Group during the 3rd quarter valued at $18,435,000. Atlas Capital Advisors LLC increased its holdings in shares of Trip.com Group by 115.7% during the 2nd quarter. Atlas Capital Advisors LLC now owns 3,628 shares of the company’s stock worth $171,000 after buying an additional 1,946 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Trip.com Group by 85.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 395,054 shares of the company’s stock worth $23,478,000 after buying an additional 182,403 shares during the period. Finally, Central Asset Investments & Management Holdings HK Ltd purchased a new stake in shares of Trip.com Group during the 3rd quarter worth about $2,615,000. Hedge funds and other institutional investors own 35.41% of the company’s stock.

Trip.com Group Stock Performance

TCOM opened at $67.21 on Friday. The business has a 50 day moving average price of $63.79 and a two-hundred day moving average price of $53.18. 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 company has a market capitalization of $43.29 billion, a price-to-earnings ratio of 20.12, a price-to-earnings-growth ratio of 1.03 and a beta of 0.38. Trip.com Group Limited has a 1-year low of $32.66 and a 1-year high of $69.67.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Barclays upped their price target on Trip.com Group from $76.00 to $84.00 and gave the stock an “overweight” rating in a report on Wednesday, November 20th. Macquarie boosted their target price on shares of Trip.com Group from $75.40 to $80.80 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. Sanford C. Bernstein assumed coverage on shares of Trip.com Group in a report on Monday, November 4th. They issued an “outperform” rating and a $85.00 price target for the company. StockNews.com raised Trip.com Group from a “hold” rating to a “buy” rating in a report on Wednesday, November 20th. Finally, HSBC upgraded shares of Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a research report on Tuesday, November 19th. Eleven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $74.18.

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.