M&T Bank Corp Takes $224,000 Position in Trip.com Group Limited (NASDAQ:TCOM)

M&T Bank Corp bought a new position in Trip.com Group Limited (NASDAQ:TCOM) in the third quarter, Holdings Channel.com reports. The firm bought 3,765 shares of the company’s stock, valued at approximately $224,000.

Other institutional investors have also recently modified their holdings of the company. Raymond James & Associates increased its stake in shares of Trip.com Group by 16.5% in the second quarter. Raymond James & Associates now owns 37,573 shares of the company’s stock worth $1,766,000 after acquiring an additional 5,324 shares during the period. Fifth Third Bancorp raised its stake in shares of Trip.com Group by 1,188.0% during the 2nd quarter. Fifth Third Bancorp now owns 1,069 shares of the company’s stock valued at $50,000 after buying an additional 986 shares during the last quarter. Ariose Capital Management Ltd lifted its holdings in shares of Trip.com Group by 680.1% in the 2nd quarter. Ariose Capital Management Ltd now owns 540,630 shares of the company’s stock valued at $25,410,000 after buying an additional 471,330 shares during the period. Lester Murray Antman dba SimplyRich boosted its stake in shares of Trip.com Group by 45.7% in the second quarter. Lester Murray Antman dba SimplyRich now owns 8,744 shares of the company’s stock worth $410,000 after buying an additional 2,743 shares during the last quarter. Finally, Whittier Trust Co. acquired a new stake in Trip.com Group during the second quarter worth about $524,000. 35.41% of the stock is currently owned by hedge funds and other institutional investors.

Trip.com Group Price Performance

Shares of Trip.com Group stock opened at $72.57 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.42 and a quick ratio of 1.42. The business has a 50 day simple moving average of $65.54 and a two-hundred day simple moving average of $54.54. The stock has a market capitalization of $46.74 billion, a P/E ratio of 21.73, a PEG ratio of 1.10 and a beta of 0.38. Trip.com Group Limited has a 12 month low of $33.67 and a 12 month high of $77.18.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Hsbc Global Res upgraded Trip.com Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 19th. Benchmark increased their price target on shares of Trip.com Group from $72.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Mizuho lifted their price objective on shares of Trip.com Group from $65.00 to $78.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. StockNews.com raised shares of Trip.com Group from a “hold” rating to a “buy” rating in a research note on Wednesday, November 20th. Finally, Sanford C. Bernstein assumed coverage on Trip.com Group in a research note on Monday, November 4th. They issued an “outperform” rating and a $85.00 price target for the company. Eleven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $74.18.

Trip.com Group 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.