KBC Group NV Buys 9,371 Shares of Trip.com Group Limited (NASDAQ:TCOM)

KBC Group NV raised its stake in Trip.com Group Limited (NASDAQ:TCOM) by 7.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 134,978 shares of the company’s stock after acquiring an additional 9,371 shares during the period. KBC Group NV’s holdings in Trip.com Group were worth $9,268,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. FMR LLC raised its position in shares of Trip.com Group by 32.8% during the third quarter. FMR LLC now owns 11,123,783 shares of the company’s stock valued at $661,086,000 after buying an additional 2,749,365 shares during the last quarter. Sanders Capital LLC raised its holdings in Trip.com Group by 34.7% in the 3rd quarter. Sanders Capital LLC now owns 9,566,403 shares of the company’s stock valued at $568,531,000 after acquiring an additional 2,462,767 shares in the last quarter. ARGA Investment Management LP lifted its position in shares of Trip.com Group by 46.9% in the 3rd quarter. ARGA Investment Management LP now owns 5,899,404 shares of the company’s stock worth $350,602,000 after acquiring an additional 1,884,044 shares during the period. Cantillon Capital Management LLC grew its holdings in shares of Trip.com Group by 14.9% during the 3rd quarter. Cantillon Capital Management LLC now owns 4,868,383 shares of the company’s stock worth $289,328,000 after purchasing an additional 629,508 shares in the last quarter. Finally, CoreView Capital Management Ltd increased its position in shares of Trip.com Group by 15.8% during the third quarter. CoreView Capital Management Ltd now owns 4,676,166 shares of the company’s stock valued at $277,905,000 after purchasing an additional 639,000 shares during the period. 35.41% of the stock is currently owned by institutional investors and hedge funds.

Trip.com Group Stock Down 0.2 %

Shares of TCOM opened at $71.29 on Thursday. The business’s 50 day simple moving average is $68.26 and its 200-day simple moving average is $58.21. Trip.com Group Limited has a one year low of $35.90 and a one year high of $77.18. The company has a market capitalization of $45.92 billion, a P/E ratio of 21.34, a PEG ratio of 0.93 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.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Hsbc Global Res raised Trip.com Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 19th. HSBC raised 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 report on Tuesday, November 19th. Benchmark reissued a “buy” rating and issued a $80.00 target price on shares of Trip.com Group in a research note on Tuesday, January 14th. 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. Finally, Citigroup upped their price objective on Trip.com Group from $73.00 to $78.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. Eleven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Trip.com Group presently has an average rating of “Buy” and an average target price of $74.78.

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.