Geode Capital Management LLC Increases Stock Position in Trip.com Group Limited (NASDAQ:TCOM)

Geode Capital Management LLC boosted its position in Trip.com Group Limited (NASDAQ:TCOM) by 20.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 317,894 shares of the company’s stock after acquiring an additional 54,072 shares during the period. Geode Capital Management LLC’s holdings in Trip.com Group were worth $18,892,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of TCOM. RPg Family Wealth Advisory LLC bought a new stake in shares of Trip.com Group in the 3rd quarter worth approximately $38,000. Benjamin F. Edwards & Company Inc. boosted its holdings in Trip.com Group by 72.3% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,165 shares of the company’s stock valued at $55,000 after acquiring an additional 489 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Trip.com Group during the 2nd quarter valued at $66,000. CWM LLC raised its holdings in Trip.com Group by 10.4% in the 3rd quarter. CWM LLC now owns 2,327 shares of the company’s stock worth $138,000 after purchasing an additional 220 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. lifted its position in shares of Trip.com Group by 101.1% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 3,173 shares of the company’s stock worth $189,000 after purchasing an additional 1,595 shares during the period. Hedge funds and other institutional investors own 35.41% of the company’s stock.

Trip.com Group Trading Down 3.4 %

Shares of NASDAQ TCOM opened at $70.59 on Friday. The firm’s 50 day moving average price is $66.90 and its 200-day moving average price is $55.44. Trip.com Group Limited has a 52-week low of $34.42 and a 52-week high of $77.18. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.42 and a current ratio of 1.42. The company has a market cap of $45.47 billion, a PE ratio of 21.13, a P/E/G ratio of 1.10 and a beta of 0.39.

Wall Street Analysts Forecast Growth

TCOM has been the topic of several research analyst reports. Mizuho boosted their price target on shares of Trip.com Group from $65.00 to $78.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Benchmark upped their target price on Trip.com Group from $72.00 to $80.00 and gave the stock a “buy” rating 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 target price for the company. StockNews.com raised Trip.com Group from a “hold” rating to a “buy” rating in a research note on Wednesday, November 20th. Finally, Citigroup raised their price objective on Trip.com Group from $66.00 to $72.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Eleven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $74.18.

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.