GSA Capital Partners LLP Raises Position in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM)

Key Points

• GSA Capital Partners LLP increased its stake in Trip.com Group by 62.6%, owning a total of 12,831 shares worth approximately $816,000.
• Other institutional investors, including FMR LLC and Mirae Asset Global Investments, significantly boosted their holdings in Trip.com Group, indicating strong institutional interest in the company.
• Trip.com Group currently has a market capitalization of $39.61 billion and received various price target upgrades from multiple analysts, reflecting a generally positive outlook for the stock.

GSA Capital Partners LLP increased its position in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 62.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,831 shares of the company's stock after acquiring an additional 4,942 shares during the quarter. GSA Capital Partners LLP's holdings in Trip.com Group were worth $816,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Premier Fund Managers Ltd grew its holdings in shares of Trip.com Group by 4.8% during the first quarter. Premier Fund Managers Ltd now owns 93,300 shares of the company's stock worth $5,852,000 after purchasing an additional 4,300 shares in the last quarter. Mackenzie Financial Corp grew its stake in Trip.com Group by 20.4% in the 1st quarter. Mackenzie Financial Corp now owns 718,327 shares of the company's stock worth $45,671,000 after buying an additional 121,568 shares in the last quarter. LPL Financial LLC grew its stake in Trip.com Group by 219.7% in the 1st quarter. LPL Financial LLC now owns 44,706 shares of the company's stock worth $2,842,000 after buying an additional 30,723 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Trip.com Group by 28.3% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,633 shares of the company's stock valued at $104,000 after buying an additional 360 shares in the last quarter. Finally, TD Asset Management Inc lifted its holdings in shares of Trip.com Group by 14.9% during the 1st quarter. TD Asset Management Inc now owns 29,278 shares of the company's stock worth $1,861,000 after acquiring an additional 3,789 shares during the last quarter. Hedge funds and other institutional investors own 35.41% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on TCOM. Mizuho upgraded Trip.com Group to a "strong-buy" rating in a research report on Friday, May 2nd. TD Securities boosted their target price on Trip.com Group from $67.00 to $73.00 and gave the stock a "buy" rating in a research report on Tuesday, May 20th. Benchmark reiterated a "buy" rating and set a $80.00 price target on shares of Trip.com Group in a research report 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. Finally, Bank of America upped their price objective on shares of Trip.com Group from $68.00 to $70.00 and gave the company 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 issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $77.25.

Trip.com Group Trading Up 2.4%

NASDAQ TCOM traded up $1.43 on Monday, hitting $62.06. The company's stock had a trading volume of 1,196,842 shares, compared to its average volume of 2,449,265. 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 52-week low of $38.23 and a 52-week high of $77.18. The firm has a market cap of $40.54 billion, a P/E ratio of 18.54, a PEG ratio of 2.91 and a beta of 0.06. The company's 50-day simple moving average is $61.23 and its 200 day simple moving average is $62.30.

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.