Trip.com Group Limited (NASDAQ:TCOM – Get Free Report) gapped down prior to trading on Friday . The stock had previously closed at $73.06, but opened at $71.48. Trip.com Group shares last traded at $71.19, with a volume of 635,128 shares changing hands.
Wall Street Analyst Weigh In
A number of brokerages have commented on TCOM. Barclays boosted their price objective on Trip.com Group from $76.00 to $84.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th. HSBC upgraded Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a report on Tuesday, November 19th. Benchmark boosted their price objective on shares of Trip.com Group from $72.00 to $80.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Sanford C. Bernstein began coverage on shares of Trip.com Group in a report on Monday, November 4th. They issued an “outperform” rating and a $85.00 target price on the stock. Finally, Mizuho upped their target price on Trip.com Group from $65.00 to $78.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Eleven analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Trip.com Group has a consensus rating of “Buy” and a consensus price target of $74.18.
Get Our Latest Research Report on Trip.com Group
Trip.com Group Stock Down 2.9 %
Hedge Funds Weigh In On Trip.com Group
Large investors have recently made changes to their positions in the business. FMR LLC lifted its holdings 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 worth $661,086,000 after buying an additional 2,749,365 shares during the last quarter. Sanders Capital LLC raised its stake in Trip.com Group by 34.7% during the 3rd quarter. Sanders Capital LLC now owns 9,566,403 shares of the company’s stock valued at $568,531,000 after purchasing an additional 2,462,767 shares during the last quarter. ARGA Investment Management LP boosted its holdings in 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 valued at $350,602,000 after purchasing an additional 1,884,044 shares during the period. Cantillon Capital Management LLC grew its position 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 worth $289,328,000 after purchasing an additional 629,508 shares during the last quarter. Finally, CoreView Capital Management Ltd increased its holdings in shares of 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 purchasing an additional 639,000 shares during the period. Institutional investors and hedge funds own 35.41% of the company’s stock.
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.
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