Ground Swell Capital LLC Makes New Investment in Trip.com Group Limited Sponsored ADR $TCOM

Key Points

• Ground Swell Capital LLC acquired 10,802 shares of Trip.com Group Limited valued at approximately $687,000, making it the firm's 12th largest holding.
• Several institutional investors significantly increased their stakes in Trip.com Group, with some raising their holdings by over 1,600% in recent quarters.
• Major Wall Street analysts have given Trip.com mixed ratings, but the consensus target price is $77.25 with many maintaining a "buy" rating.

Ground Swell Capital LLC bought a new position in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,802 shares of the company's stock, valued at approximately $687,000. Trip.com Group accounts for approximately 1.5% of Ground Swell Capital LLC's investment portfolio, making the stock its 12th largest holding.

A number of other institutional investors and hedge funds also recently modified their holdings of TCOM. Cetera Investment Advisers increased its holdings in shares of Trip.com Group by 0.7% in the 1st quarter. Cetera Investment Advisers now owns 22,704 shares of the company's stock worth $1,444,000 after acquiring an additional 166 shares during the period. Prudential PLC increased its holdings in shares of Trip.com Group by 2.1% in the 1st quarter. Prudential PLC now owns 11,897 shares of the company's stock worth $756,000 after acquiring an additional 244 shares during the period. Natixis increased its holdings in shares of Trip.com Group by 13.1% in the 4th quarter. Natixis now owns 2,703 shares of the company's stock worth $186,000 after acquiring an additional 313 shares during the period. Townsquare Capital LLC increased its holdings in shares of Trip.com Group by 4.2% in the 1st quarter. Townsquare Capital LLC now owns 8,349 shares of the company's stock worth $531,000 after acquiring an additional 338 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Trip.com Group by 28.3% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,633 shares of the company's stock worth $104,000 after acquiring an additional 360 shares during the period. 35.41% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Mizuho raised shares of Trip.com Group to a "strong-buy" rating in a report on Friday, May 2nd. Benchmark reaffirmed a "buy" rating and issued a $80.00 price objective on shares of Trip.com Group in a report on Tuesday, May 20th. Wall Street Zen lowered shares of Trip.com Group from a "buy" rating to a "hold" rating in a research report on Saturday, April 26th. TD Securities increased their target price on shares of Trip.com Group from $67.00 to $73.00 and gave the company a "buy" rating in a research report on Tuesday, May 20th. Finally, Bank of America increased their target price on shares of Trip.com Group from $68.00 to $70.00 and gave the company a "buy" rating in a research report on Wednesday, May 21st. One analyst has rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Trip.com Group has a consensus rating of "Buy" and an average price target of $77.25.

Trip.com Group Price Performance

Shares of NASDAQ:TCOM traded up $0.58 during trading hours on Monday, hitting $62.95. 3,838,106 shares of the company's stock traded hands, compared to its average volume of 3,509,912. Trip.com Group Limited Sponsored ADR has a 52 week low of $41.22 and a 52 week high of $77.18. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.46 and a current ratio of 1.46. The company's fifty day simple moving average is $60.91 and its two-hundred day simple moving average is $61.70. The company has a market cap of $41.12 billion, a price-to-earnings ratio of 18.25, a price-to-earnings-growth ratio of 2.99 and a beta of 0.06.

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.