Ground Swell Capital LLC Takes $687,000 Position in Trip.com Group Limited Sponsored ADR (NASDAQ: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 purchased a new position in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 10,802 shares of the company's stock, valued at approximately $687,000. Trip.com Group comprises about 1.5% of Ground Swell Capital LLC's investment portfolio, making the stock its 12th largest position.

Several other hedge funds have also added to or reduced their stakes in the business. Cetera Investment Advisers lifted its stake in Trip.com Group by 0.7% in the first quarter. Cetera Investment Advisers now owns 22,704 shares of the company's stock worth $1,444,000 after purchasing an additional 166 shares during the last quarter. Prudential PLC raised its stake in shares of Trip.com Group by 2.1% during the first quarter. Prudential PLC now owns 11,897 shares of the company's stock valued at $756,000 after acquiring an additional 244 shares during the last quarter. Natixis raised its stake in shares of Trip.com Group by 13.1% during the fourth quarter. Natixis now owns 2,703 shares of the company's stock valued at $186,000 after acquiring an additional 313 shares during the last quarter. Townsquare Capital LLC raised its stake in shares of Trip.com Group by 4.2% during the first quarter. Townsquare Capital LLC now owns 8,349 shares of the company's stock valued at $531,000 after acquiring an additional 338 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Trip.com Group by 28.3% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,633 shares of the company's stock valued at $104,000 after acquiring an additional 360 shares during the last quarter. 35.41% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on TCOM. Benchmark reaffirmed a "buy" rating and set a $80.00 price objective on shares of Trip.com Group in a research note on Tuesday, May 20th. Wall Street Zen downgraded shares of Trip.com Group from a "buy" rating to a "hold" rating in a research note on Saturday, April 26th. Mizuho raised shares of Trip.com Group to a "strong-buy" rating in a research note on Friday, May 2nd. TD Securities upped their price objective on shares of Trip.com Group from $67.00 to $73.00 and gave the company a "buy" rating in a research note on Tuesday, May 20th. Finally, Bank of America increased their price target on shares of Trip.com Group from $68.00 to $70.00 and gave the stock a "buy" rating in a research note on Wednesday, May 21st. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $77.25.

Trip.com Group Stock Up 3.4%

TCOM traded up $2.06 during midday trading on Friday, reaching $62.37. The company's stock had a trading volume of 4,114,908 shares, compared to its average volume of 2,638,539. The firm has a market capitalization of $40.74 billion, a price-to-earnings ratio of 18.08, a PEG ratio of 2.99 and a beta of 0.06. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.13. Trip.com Group Limited Sponsored ADR has a 1 year low of $41.22 and a 1 year high of $77.18. The stock's 50-day moving average is $60.91 and its 200-day moving average is $61.78.

About Trip.com Group

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.