Fisher Asset Management LLC Has $175.97 Million Stock Position in Trip.com Group Limited (NASDAQ:TCOM)

Fisher Asset Management LLC lifted its position in shares of Trip.com Group Limited (NASDAQ:TCOM) by 6.1% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,961,009 shares of the company’s stock after buying an additional 170,890 shares during the quarter. Fisher Asset Management LLC owned about 0.46% of Trip.com Group worth $175,973,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. CWM LLC raised its stake in Trip.com Group by 10.4% in the third quarter. CWM LLC now owns 2,327 shares of the company’s stock valued at $138,000 after purchasing an additional 220 shares in the last quarter. QRG Capital Management Inc. raised its stake in Trip.com Group by 2.6% in the second quarter. QRG Capital Management Inc. now owns 13,772 shares of the company’s stock valued at $647,000 after purchasing an additional 344 shares in the last quarter. Creative Planning raised its stake in Trip.com Group by 1.7% in the third quarter. Creative Planning now owns 25,622 shares of the company’s stock valued at $1,523,000 after purchasing an additional 423 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its stake in Trip.com Group by 4.2% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 10,647 shares of the company’s stock valued at $500,000 after purchasing an additional 431 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised its stake 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 purchasing an additional 489 shares in the last quarter. Institutional investors and hedge funds own 35.41% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Citigroup increased their target price on shares of Trip.com Group from $66.00 to $72.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Macquarie raised their price objective on Trip.com Group from $75.40 to $80.80 and gave the company an “outperform” rating in a report on Wednesday, November 20th. Benchmark raised their price objective on Trip.com Group from $72.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Barclays raised their price objective on Trip.com Group from $76.00 to $84.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. Finally, Hsbc Global Res raised Trip.com Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 19th. Eleven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $74.18.

Trip.com Group Stock Performance

Shares of Trip.com Group stock opened at $64.53 on Tuesday. Trip.com Group Limited has a one year low of $32.42 and a one year high of $69.67. The firm has a market capitalization of $41.56 billion, a price-to-earnings ratio of 19.32, a PEG ratio of 1.08 and a beta of 0.39. The business has a 50-day simple moving average of $61.32 and a 200 day simple moving average of $52.60. 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 (NASDAQ:TCOM) last released its quarterly earnings results on Monday, August 26th. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.22. The business had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.80 billion. Trip.com Group had a return on equity of 12.04% and a net margin of 31.86%. On average, research analysts anticipate that Trip.com Group Limited will post 2.93 earnings per share for the current fiscal year.

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.