Caxton Associates LLP Invests $400,000 in Trip.com Group Limited Sponsored ADR $TCOM

Key Points

• Caxton Associates LLP has acquired a new position in Trip.com Group Limited by purchasing 6,289 shares valued at approximately $400,000, as reported in their latest SEC filing.
• Analysts have upgraded Trip.com Group's price target, with firms like Sanford C. Bernstein and Barclays raising their objectives to $78.00 and $85.00 respectively, indicating positive market sentiment.
• The company currently holds a market capitalization of $48.26 billion and has a consensus rating of "Buy" with an average target price of $76.98.

Caxton Associates LLP acquired a new position in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 6,289 shares of the company's stock, valued at approximately $400,000.

Other large investors also recently bought and sold shares of the company. Stone House Investment Management LLC bought a new position in Trip.com Group in the first quarter worth approximately $32,000. NewEdge Advisors LLC increased its position in shares of Trip.com Group by 384.6% during the first quarter. NewEdge Advisors LLC now owns 567 shares of the company's stock worth $36,000 after purchasing an additional 450 shares in the last quarter. Summit Securities Group LLC acquired a new position in shares of Trip.com Group during the first quarter worth $58,000. Allianz SE increased its position in shares of Trip.com Group by 312.2% during the first quarter. Allianz SE now owns 1,150 shares of the company's stock worth $73,000 after purchasing an additional 871 shares in the last quarter. Finally, SVB Wealth LLC acquired a new position in shares of Trip.com Group during the first quarter worth $78,000. Institutional investors own 35.41% of the company's stock.

Wall Street Analysts Forecast Growth

TCOM has been the topic of a number of recent analyst reports. Sanford C. Bernstein upped their price target on Trip.com Group from $75.00 to $78.00 and gave the stock an "outperform" rating in a research report on Friday, August 29th. Barclays upped their price target on Trip.com Group from $84.00 to $85.00 and gave the stock an "overweight" rating in a research report on Friday, August 29th. Zacks Research raised Trip.com Group from a "hold" rating to a "strong-buy" rating in a research report on Thursday, September 4th. Mizuho upped their price target on Trip.com Group from $78.00 to $81.00 and gave the stock an "outperform" rating in a research report on Thursday, August 28th. Finally, Bank of America boosted their price objective on shares of Trip.com Group from $68.00 to $70.00 and gave the company a "buy" rating in a report on Wednesday, May 21st. Two research analysts have rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $76.98.

Trip.com Group Price Performance

Shares of Trip.com Group stock traded up $1.36 during trading hours on Thursday, reaching $78.15. The stock had a trading volume of 4,128,387 shares, compared to its average volume of 3,228,129. The stock's 50 day moving average is $66.31 and its 200 day moving average is $62.57. The firm has a market capitalization of $51.05 billion, a PE ratio of 21.41, a PEG ratio of 3.17 and a beta of 0.03. Trip.com Group Limited Sponsored ADR has a twelve month low of $47.04 and a twelve month high of $78.65. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.07.

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.