Cerity Partners LLC Acquires 1,896 Shares of Trip.com Group Limited (NASDAQ:TCOM)

Cerity Partners LLC boosted its stake in shares of Trip.com Group Limited (NASDAQ:TCOM) by 16.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,706 shares of the company’s stock after purchasing an additional 1,896 shares during the quarter. Cerity Partners LLC’s holdings in Trip.com Group were worth $815,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. 1832 Asset Management L.P. increased its position in shares of Trip.com Group by 4,800.0% in the 2nd quarter. 1832 Asset Management L.P. now owns 1,399,298 shares of the company’s stock valued at $65,767,000 after acquiring an additional 1,370,741 shares during the period. Marshall Wace LLP lifted its holdings in Trip.com Group by 89.6% during the second quarter. Marshall Wace LLP now owns 1,703,234 shares of the company’s stock valued at $80,052,000 after purchasing an additional 804,885 shares in the last quarter. New York State Common Retirement Fund increased its stake in Trip.com Group by 155.1% during the 3rd quarter. New York State Common Retirement Fund now owns 1,145,863 shares of the company’s stock worth $68,099,000 after buying an additional 696,766 shares in the last quarter. Cantillon Capital Management LLC lifted its holdings in Trip.com Group by 14.9% in the 3rd 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. Finally, Valliance Asset Management Ltd grew its stake in Trip.com Group by 745.5% during the 3rd quarter. Valliance Asset Management Ltd now owns 702,600 shares of the company’s stock valued at $41,756,000 after acquiring an additional 619,500 shares in the last quarter. Hedge funds and other institutional investors own 35.41% of the company’s stock.

Trip.com Group Stock Up 0.5 %

TCOM stock opened at $67.21 on Friday. The stock has a market capitalization of $43.29 billion, a PE ratio of 20.12, a price-to-earnings-growth ratio of 1.03 and a beta of 0.38. The company has a fifty day moving average of $63.79 and a 200-day moving average of $53.18. Trip.com Group Limited has a one year low of $32.66 and a one year high of $69.67. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.42 and a current ratio of 1.42.

Wall Street Analyst Weigh In

TCOM has been the subject of several recent analyst reports. Mizuho raised their price objective on shares of Trip.com Group from $65.00 to $78.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. StockNews.com raised shares of Trip.com Group from a “hold” rating to a “buy” rating in a research note on Wednesday, November 20th. 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. Citigroup lifted their price target on shares of Trip.com Group from $66.00 to $72.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Finally, TD Cowen increased their price target on shares of Trip.com Group from $56.00 to $71.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Eleven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently 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.