State of New Jersey Common Pension Fund D Purchases 199,722 Shares of Trip.com Group Limited (NASDAQ:TCOM)

State of New Jersey Common Pension Fund D lifted its stake in shares of Trip.com Group Limited (NASDAQ:TCOM) by 37.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 731,096 shares of the company’s stock after acquiring an additional 199,722 shares during the quarter. State of New Jersey Common Pension Fund D owned approximately 0.11% of Trip.com Group worth $26,327,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TCOM. Cerity Partners LLC grew its holdings in Trip.com Group by 2.8% in the 4th quarter. Cerity Partners LLC now owns 12,071 shares of the company’s stock valued at $435,000 after buying an additional 328 shares during the period. PNC Financial Services Group Inc. raised its position in Trip.com Group by 10.9% in the third quarter. PNC Financial Services Group Inc. now owns 4,102 shares of the company’s stock worth $143,000 after purchasing an additional 402 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC grew its position in shares of Trip.com Group by 3.9% during the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 11,847 shares of the company’s stock worth $414,000 after buying an additional 440 shares during the period. Sequoia Financial Advisors LLC boosted its position in Trip.com Group by 3.1% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 15,002 shares of the company’s stock worth $525,000 after acquiring an additional 445 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. raised its stake in Trip.com Group by 21.1% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,245 shares of the company’s stock worth $114,000 after purchasing an additional 566 shares in the last quarter. 35.41% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on TCOM shares. Mizuho lifted their target price on shares of Trip.com Group from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, February 22nd. Benchmark reaffirmed a “buy” rating and issued a $55.00 price target on shares of Trip.com Group in a research note on Wednesday, April 17th. StockNews.com raised shares of Trip.com Group from a “hold” rating to a “buy” rating in a report on Friday, February 23rd. Citigroup boosted their price target on shares of Trip.com Group from $53.00 to $55.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. Finally, UBS Group increased their price objective on Trip.com Group from $48.00 to $52.00 and gave the stock a “buy” rating in a research report on Thursday, February 22nd. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $53.67.

Trip.com Group Stock Performance

Shares of NASDAQ TCOM traded down $0.18 during mid-day trading on Thursday, hitting $50.42. The company had a trading volume of 2,555,177 shares, compared to its average volume of 3,828,071. Trip.com Group Limited has a 12 month low of $30.70 and a 12 month high of $51.26. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.23 and a quick ratio of 1.17. The firm’s 50 day simple moving average is $45.62 and its two-hundred day simple moving average is $38.93. The stock has a market cap of $32.57 billion, a price-to-earnings ratio of 24.44 and a beta of 0.56.

Trip.com Group (NASDAQ:TCOM) last announced its quarterly earnings results on Wednesday, February 21st. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.19 by $0.29. The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.42 billion. Trip.com Group had a return on equity of 9.35% and a net margin of 22.43%. As a group, equities research analysts forecast that Trip.com Group Limited will post 2.54 earnings per share for the current year.

Trip.com Group Profile

Trip.com Group Limited 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.