Lord Abbett & CO. LLC Makes New $1.23 Million Investment in Trip.com Group Limited (NASDAQ:TCOM)

Lord Abbett & CO. LLC acquired a new position in shares of Trip.com Group Limited (NASDAQ:TCOM) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 20,645 shares of the company’s stock, valued at approximately $1,227,000.

A number of other institutional investors also recently modified their holdings of the company. FMR LLC increased its holdings in Trip.com Group by 32.8% during the 3rd quarter. FMR LLC now owns 11,123,783 shares of the company’s stock valued at $661,086,000 after purchasing an additional 2,749,365 shares in the last quarter. Sanders Capital LLC increased its stake in shares of Trip.com Group by 34.7% in the third quarter. Sanders Capital LLC now owns 9,566,403 shares of the company’s stock valued at $568,531,000 after buying an additional 2,462,767 shares in the last quarter. ARGA Investment Management LP increased its stake in shares of Trip.com Group by 46.9% in the third quarter. ARGA Investment Management LP now owns 5,899,404 shares of the company’s stock valued at $350,602,000 after buying an additional 1,884,044 shares in the last quarter. Cantillon Capital Management LLC raised its holdings 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 buying an additional 629,508 shares during the last quarter. Finally, CoreView Capital Management Ltd lifted its position in Trip.com Group by 15.8% during the 3rd quarter. CoreView Capital Management Ltd now owns 4,676,166 shares of the company’s stock worth $277,905,000 after buying an additional 639,000 shares in the last quarter. Institutional investors own 35.41% of the company’s stock.

Trip.com Group Stock Performance

Shares of TCOM stock opened at $72.56 on Tuesday. The stock has a market cap of $46.74 billion, a PE ratio of 21.72, a price-to-earnings-growth ratio of 1.10 and a beta of 0.38. The stock has a 50-day moving average of $64.92 and a 200-day moving average of $54.13. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.42 and a quick ratio of 1.42. Trip.com Group Limited has a one year low of $33.33 and a one year high of $77.18.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Hsbc Global Res raised shares of Trip.com Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 19th. Macquarie boosted their price objective 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 initiated coverage on Trip.com Group in a research report on Monday, November 4th. They issued an “outperform” rating and a $85.00 price objective on the stock. TD Cowen boosted their target price on Trip.com Group from $56.00 to $71.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Finally, Barclays raised their price target on Trip.com Group from $76.00 to $84.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. Eleven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Trip.com Group has a consensus rating of “Buy” and an average price target of $74.18.

Trip.com Group Company 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.