Leonteq Securities AG acquired a new stake in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM – Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 11,123 shares of the company’s stock, valued at approximately $800,000.
Other large investors have also recently added to or reduced their stakes in the company. TD Private Client Wealth LLC acquired a new position in Trip.com Group in the 4th quarter valued at approximately $31,000. Caitong International Asset Management Co. Ltd increased its stake in Trip.com Group by 601.3% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 554 shares of the company’s stock valued at $42,000 after buying an additional 475 shares during the period. NewEdge Advisors LLC increased its stake in Trip.com Group by 384.6% in the 1st quarter. NewEdge Advisors LLC now owns 567 shares of the company’s stock valued at $36,000 after buying an additional 450 shares during the period. EverSource Wealth Advisors LLC increased its stake in Trip.com Group by 44.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 701 shares of the company’s stock valued at $41,000 after buying an additional 215 shares during the period. Finally, Advisors Preferred LLC acquired a new position in Trip.com Group in the 4th quarter valued at approximately $65,000. Institutional investors and hedge funds own 35.41% of the company’s stock.
Trip.com Group Stock Performance
Shares of TCOM opened at $46.37 on Friday. The company’s fifty day moving average is $51.62 and its 200-day moving average is $60.70. Trip.com Group Limited Sponsored ADR has a 12 month low of $45.92 and a 12 month high of $78.99. The firm has a market cap of $30.12 billion, a price-to-earnings ratio of 6.92, a price-to-earnings-growth ratio of 3.33 and a beta of -0.03. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.07.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on the stock. Benchmark dropped their price objective on shares of Trip.com Group from $82.00 to $72.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. Barclays restated an “overweight” rating and set a $75.00 price target on shares of Trip.com Group in a research note on Thursday, February 26th. Zacks Research lowered shares of Trip.com Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 20th. Weiss Ratings lowered shares of Trip.com Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, March 2nd. Finally, TD Cowen dropped their price target on shares of Trip.com Group from $73.00 to $68.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $77.50.
Get Our Latest Stock Analysis on TCOM
Trip.com Group 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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