Alberta Investment Management Corp Boosts Holdings in Trip.com Group Limited (NASDAQ:TCOM)

Alberta Investment Management Corp boosted its position in shares of Trip.com Group Limited (NASDAQ:TCOM) by 70.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 200,651 shares of the company’s stock after buying an additional 83,233 shares during the quarter. Alberta Investment Management Corp’s holdings in Trip.com Group were worth $13,777,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. FMR LLC boosted its stake in 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 period. Sanders Capital LLC boosted its stake in shares of Trip.com Group by 34.7% during the third 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 period. ARGA Investment Management LP boosted its stake in shares of Trip.com Group by 46.9% during the third 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 boosted its stake in shares of Trip.com Group by 14.9% during the third quarter. Cantillon Capital Management LLC now owns 4,868,383 shares of the company’s stock valued at $289,328,000 after purchasing an additional 629,508 shares during the period. Finally, CoreView Capital Management Ltd raised its holdings in shares of Trip.com Group by 15.8% in the third quarter. CoreView Capital Management Ltd now owns 4,676,166 shares of the company’s stock valued at $277,905,000 after acquiring an additional 639,000 shares in the last quarter. 35.41% of the stock is owned by hedge funds and other institutional investors.

Trip.com Group Trading Down 3.0 %

Trip.com Group stock opened at $67.17 on Wednesday. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.14. Trip.com Group Limited has a 12 month low of $38.23 and a 12 month high of $77.18. The stock’s 50 day simple moving average is $69.17 and its two-hundred day simple moving average is $60.86. The firm has a market cap of $43.26 billion, a PE ratio of 20.11, a P/E/G ratio of 0.70 and a beta of 0.37.

Analyst Ratings Changes

A number of equities analysts have commented on TCOM shares. StockNews.com upgraded shares of Trip.com Group from a “hold” rating to a “buy” rating in a report on Wednesday, November 20th. Mizuho upped 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. Hsbc Global Res upgraded shares of Trip.com Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 19th. Sanford C. Bernstein assumed coverage on shares of Trip.com Group in a report on Monday, November 4th. They set an “outperform” rating and a $85.00 price objective on the stock. Finally, TD Cowen upped their price objective on shares of Trip.com Group from $56.00 to $71.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Eleven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Trip.com Group presently has an average rating of “Buy” and a consensus price target of $74.78.

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.