Franklin Resources Inc. Has $33.50 Million Stock Holdings in Trip.com Group Limited (NASDAQ:TCOM)

Franklin Resources Inc. boosted its stake in Trip.com Group Limited (NASDAQ:TCOM) by 3.4% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 526,420 shares of the company’s stock after buying an additional 17,416 shares during the period. Franklin Resources Inc. owned approximately 0.08% of Trip.com Group worth $33,501,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Raymond James & Associates grew its position 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 valued at $1,766,000 after purchasing an additional 5,324 shares during the last quarter. Fifth Third Bancorp increased its position in 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 buying an additional 986 shares during the period. Ariose Capital Management Ltd lifted its holdings in shares of Trip.com Group by 680.1% during the second quarter. Ariose Capital Management Ltd now owns 540,630 shares of the company’s stock worth $25,410,000 after buying an additional 471,330 shares in the last quarter. Lester Murray Antman dba SimplyRich boosted its position 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 valued at $410,000 after acquiring an additional 2,743 shares during the period. Finally, Whittier Trust Co. acquired a new position in shares of Trip.com Group in the second quarter valued at about $524,000. 35.41% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on TCOM shares. Citigroup lifted their price objective on shares of Trip.com Group from $66.00 to $72.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. StockNews.com upgraded shares of Trip.com Group from a “hold” rating to a “buy” rating in a research report on Wednesday, November 20th. HSBC raised Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a research report on Tuesday, November 19th. Macquarie lifted their price objective on Trip.com Group from $75.40 to $80.80 and gave the company an “outperform” rating in a report on Wednesday, November 20th. Finally, Hsbc Global Res raised Trip.com Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 19th. Eleven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $74.18.

Trip.com Group Stock Performance

NASDAQ:TCOM opened at $71.51 on Thursday. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $46.06 billion, a PE ratio of 21.41, a price-to-earnings-growth ratio of 1.10 and a beta of 0.38. Trip.com Group Limited has a twelve month low of $33.67 and a twelve month high of $77.18. The stock’s 50-day simple moving average is $65.36 and its 200 day simple moving average is $54.41.

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.