M&T Bank Corp Purchases New Holdings in Trip.com Group Limited (NASDAQ:TCOM)

M&T Bank Corp bought a new stake in shares of Trip.com Group Limited (NASDAQ:TCOM) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,765 shares of the company’s stock, valued at approximately $224,000.

Other hedge funds have also recently modified their holdings of the company. RPg Family Wealth Advisory LLC purchased a new position in Trip.com Group during the 3rd quarter valued at $38,000. Fifth Third Bancorp boosted its stake in shares of Trip.com Group by 1,188.0% during the second quarter. Fifth Third Bancorp now owns 1,069 shares of the company’s stock valued at $50,000 after purchasing an additional 986 shares during the period. Benjamin F. Edwards & Company Inc. grew its holdings in shares of Trip.com Group by 72.3% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,165 shares of the company’s stock worth $55,000 after purchasing an additional 489 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Trip.com Group during the second quarter worth approximately $66,000. Finally, Whittier Trust Co. of Nevada Inc. purchased a new position in Trip.com Group during the 2nd quarter worth $74,000. Institutional investors own 35.41% of the company’s stock.

Analysts Set New Price Targets

TCOM has been the subject of several recent research reports. TD Cowen lifted their price objective on Trip.com Group from $56.00 to $71.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. StockNews.com raised shares of Trip.com Group from a “hold” rating to a “buy” rating in a research report on Wednesday, November 20th. 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. Benchmark upped their target price on Trip.com Group from $72.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Finally, Macquarie increased their target price on Trip.com Group from $75.40 to $80.80 and gave the company an “outperform” rating in a research report on Wednesday, November 20th. Eleven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $74.18.

Trip.com Group Trading Up 1.5 %

Shares of NASDAQ:TCOM 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 firm has a market capitalization of $46.74 billion, a P/E ratio of 21.73, a P/E/G ratio of 1.10 and a beta of 0.38. The business’s 50-day moving average is $65.54 and its 200 day moving average is $54.54. Trip.com Group Limited has a 1 year low of $33.67 and a 1 year high of $77.18.

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.