State of New Jersey Common Pension Fund D Has $26.33 Million Position in Trip.com Group Limited (NASDAQ:TCOM)

State of New Jersey Common Pension Fund D boosted its holdings in Trip.com Group Limited (NASDAQ:TCOM) by 37.6% in the 4th quarter, HoldingsChannel.com reports. 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’s holdings in Trip.com Group were worth $26,327,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in TCOM. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Trip.com Group in the third quarter worth about $66,000. Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of Trip.com Group by 21.1% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,245 shares of the company’s stock valued at $114,000 after buying an additional 566 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in Trip.com Group by 10.9% during the 3rd quarter. PNC Financial Services Group Inc. now owns 4,102 shares of the company’s stock valued at $143,000 after acquiring an additional 402 shares in the last quarter. Lester Murray Antman dba SimplyRich purchased a new position in Trip.com Group in the fourth quarter valued at about $210,000. Finally, Ballentine Partners LLC acquired a new position in shares of Trip.com Group in the 4th quarter worth approximately $217,000. Hedge funds and other institutional investors own 35.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on TCOM. UBS Group upped their price objective on shares of Trip.com Group from $48.00 to $52.00 and gave the stock a “buy” rating in a research report on Thursday, February 22nd. Benchmark restated a “buy” rating and set a $55.00 price objective on shares of Trip.com Group in a research note on Wednesday, April 17th. HSBC raised their target price on Trip.com Group from $50.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, April 12th. StockNews.com raised Trip.com Group from a “hold” rating to a “buy” rating in a report on Friday, February 23rd. Finally, Barclays boosted their target price on shares of Trip.com Group from $56.00 to $60.00 and gave the stock an “overweight” rating in a report on Thursday, February 22nd. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $53.67.

Trip.com Group Price Performance

TCOM traded down $0.18 on Thursday, hitting $50.42. 2,555,177 shares of the company’s stock were exchanged, compared to its average volume of 3,828,071. Trip.com Group Limited has a fifty-two week low of $30.70 and a fifty-two week high of $51.26. The company has a current ratio of 1.23, a quick ratio of 1.17 and a debt-to-equity ratio of 0.16. The firm has a 50-day moving average price of $45.62 and a 200-day moving average price of $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 posted its quarterly earnings data on Wednesday, February 21st. The company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.29. Trip.com Group had a return on equity of 9.35% and a net margin of 22.43%. The company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.42 billion. As a group, equities analysts anticipate that Trip.com Group Limited will post 2.54 earnings per share for the current year.

Trip.com Group Company 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.