Tredje AP fonden purchased a new position in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM – Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 84,019 shares of the company’s stock, valued at approximately $6,042,000.
A number of other hedge funds have also recently made changes to their positions in the stock. TD Private Client Wealth LLC purchased a new position in Trip.com Group in the fourth quarter valued at about $31,000. Caitong International Asset Management Co. Ltd lifted its position in Trip.com Group by 601.3% during the third quarter. Caitong International Asset Management Co. Ltd now owns 554 shares of the company’s stock valued at $42,000 after acquiring an additional 475 shares during the last quarter. NewEdge Advisors LLC grew its stake in Trip.com Group by 384.6% during the 1st quarter. NewEdge Advisors LLC now owns 567 shares of the company’s stock worth $36,000 after buying an additional 450 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in Trip.com Group by 44.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 701 shares of the company’s stock valued at $41,000 after purchasing an additional 215 shares during the last quarter. Finally, Advisors Preferred LLC acquired a new position in Trip.com Group in the 4th quarter worth approximately $65,000. 35.41% of the stock is currently owned by hedge funds and other institutional investors.
Trip.com Group Stock Down 0.8%
Trip.com Group stock opened at $48.95 on Wednesday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.55 and a current ratio of 1.55. The firm has a 50 day moving average price of $51.95 and a 200 day moving average price of $61.12. Trip.com Group Limited Sponsored ADR has a fifty-two week low of $48.48 and a fifty-two week high of $78.99. The company has a market capitalization of $31.80 billion, a PE ratio of 7.31, a price-to-earnings-growth ratio of 3.42 and a beta of -0.03.
Analyst Upgrades and Downgrades
Several brokerages have recently weighed in on TCOM. TD Cowen reduced their target price on Trip.com Group from $73.00 to $68.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. Zacks Research cut shares of Trip.com Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 20th. Weiss Ratings cut shares of Trip.com Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, March 2nd. Benchmark lowered their target price on Trip.com Group from $82.00 to $72.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $75.00 price objective on shares of Trip.com Group in a research report on Thursday, February 26th. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $77.50.
Check Out Our Latest Stock Analysis on TCOM
Trip.com Group Company Profile
Trip.com Group (NASDAQ: TCOM) is a China-based online travel services company that provides a broad range of consumer and business travel products. The company operates consumer-facing travel platforms and mobile apps that enable users to search, book and manage hotel reservations, airline tickets, packaged tours, rail travel, car rentals, airport transfers and local activities. It also offers corporate travel management and B2B solutions that support travel suppliers and downstream distribution partners.
Headquartered in Shanghai, Trip.com Group serves customers across China and increasingly in international markets through a portfolio of brands and global distribution channels.
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