Quantinno Capital Management LP Buys 2,853 Shares of Trip.com Group Limited (NASDAQ:TCOM)

Quantinno Capital Management LP grew its stake in Trip.com Group Limited (NASDAQ:TCOM) by 27.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,173 shares of the company’s stock after purchasing an additional 2,853 shares during the period. Quantinno Capital Management LP’s holdings in Trip.com Group were worth $783,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC bought a new position in Trip.com Group in the third quarter worth $38,000. Fifth Third Bancorp lifted its holdings 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 worth $50,000 after acquiring an additional 986 shares during the period. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Trip.com Group by 72.3% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,165 shares of the company’s stock worth $55,000 after acquiring an additional 489 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Trip.com Group during the 2nd quarter valued at about $66,000. Finally, Whittier Trust Co. of Nevada Inc. bought a new stake in Trip.com Group in the second quarter valued at about $74,000. 35.41% of the stock is owned by institutional investors and hedge funds.

Trip.com Group Trading Down 2.1 %

TCOM opened at $72.55 on Friday. Trip.com Group Limited has a 1-year low of $33.29 and a 1-year high of $77.18. The stock has a market capitalization of $46.73 billion, a PE ratio of 21.72, a PEG ratio of 1.10 and a beta of 0.38. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.14. The firm has a 50-day moving average price of $64.83 and a two-hundred day moving average price of $53.95.

Wall Street Analyst Weigh In

TCOM has been the topic of a number of recent research reports. Barclays lifted 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. Mizuho boosted their price target on Trip.com Group from $65.00 to $78.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. TD Cowen increased their price objective on Trip.com Group from $56.00 to $71.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. HSBC upgraded shares of Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a research note on Tuesday, November 19th. Finally, Benchmark upped their target price 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. Eleven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Trip.com Group currently 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.