WCM Investment Management LLC Increases Holdings in Trip.com Group Limited (NASDAQ:TCOM)

WCM Investment Management LLC raised its stake in shares of Trip.com Group Limited (NASDAQ:TCOM) by 3.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 641,304 shares of the company’s stock after buying an additional 19,966 shares during the quarter. WCM Investment Management LLC’s holdings in Trip.com Group were worth $44,000,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. abrdn plc lifted its holdings in shares of Trip.com Group by 0.5% during the fourth quarter. abrdn plc now owns 29,598 shares of the company’s stock valued at $2,032,000 after purchasing an additional 150 shares in the last quarter. CWM LLC lifted its stake in Trip.com Group by 10.4% during the 3rd quarter. CWM LLC now owns 2,327 shares of the company’s stock valued at $138,000 after acquiring an additional 220 shares during the period. Brooklyn Investment Group purchased a new stake in shares of Trip.com Group during the 4th quarter valued at about $25,000. Creative Planning grew its stake in shares of Trip.com Group by 1.7% in the third quarter. Creative Planning now owns 25,622 shares of the company’s stock worth $1,523,000 after acquiring an additional 423 shares during the period. Finally, RPg Family Wealth Advisory LLC bought a new position in Trip.com Group during the third quarter valued at approximately $38,000. Hedge funds and other institutional investors own 35.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on TCOM shares. StockNews.com raised shares of Trip.com Group from a “hold” rating to a “buy” rating in a research report on Wednesday, November 20th. HSBC upgraded Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a research note on Tuesday, November 19th. Sanford C. Bernstein started coverage on shares of Trip.com Group in a research report on Monday, November 4th. They set an “outperform” rating and a $85.00 target price for the company. Macquarie increased their price target on shares of Trip.com Group from $75.40 to $80.80 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. Finally, Mizuho upped their price objective on Trip.com Group from $65.00 to $78.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Eleven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $74.78.

Trip.com Group Trading Up 1.0 %

Shares of NASDAQ TCOM opened at $69.22 on Friday. The stock has a market capitalization of $44.58 billion, a P/E ratio of 20.72, a price-to-earnings-growth ratio of 0.69 and a beta of 0.37. The business has a fifty day moving average price of $69.29 and a 200 day moving average price of $59.38. Trip.com Group Limited has a 1-year low of $38.23 and a 1-year high of $77.18. 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 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.