Jefferies Financial Group Inc. Purchases Shares of 38,131 Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM)

Key Points

• Jefferies Financial Group Inc. has purchased 38,131 shares of Trip.com Group valued at approximately $2.4 million, reflecting increasing interest from institutional investors.
• Multiple research firms, including Mizuho and TD Securities, have upgraded Trip.com Group shares to "strong-buy" with an increased price target, indicating strong market confidence.
• Trip.com Group's stock is currently trading at $60.63 with a market capitalization of $39.61 billion and has shown significant growth potential as indicated by analyst ratings and target price forecasts.

Jefferies Financial Group Inc. bought a new position in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 38,131 shares of the company's stock, valued at approximately $2,424,000.

Several other hedge funds have also modified their holdings of the stock. National Bank of Canada FI lifted its position in Trip.com Group by 227.7% during the fourth quarter. National Bank of Canada FI now owns 462 shares of the company's stock valued at $32,000 after buying an additional 321 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in 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 buying an additional 360 shares in the last quarter. GAMMA Investing LLC lifted its position in Trip.com Group by 6,259.0% during the first quarter. GAMMA Investing LLC now owns 2,480 shares of the company's stock valued at $158,000 after buying an additional 2,441 shares in the last quarter. CWM LLC lifted its position in Trip.com Group by 15.0% during the first quarter. CWM LLC now owns 2,810 shares of the company's stock valued at $179,000 after buying an additional 366 shares in the last quarter. Finally, Natixis lifted its position in shares of Trip.com Group by 13.1% during the fourth quarter. Natixis now owns 2,703 shares of the company's stock worth $186,000 after purchasing an additional 313 shares in the last quarter. 35.41% of the stock is owned by institutional investors and hedge funds.

Trip.com Group Price Performance

NASDAQ TCOM traded up $0.69 on Thursday, reaching $62.59. The company's stock had a trading volume of 158,352 shares, compared to its average volume of 3,445,976. Trip.com Group Limited Sponsored ADR has a twelve month low of $40.71 and a twelve month 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 stock has a market cap of $40.89 billion, a PE ratio of 18.12, a PEG ratio of 2.93 and a beta of 0.06. The firm's 50 day moving average is $61.18 and its two-hundred day moving average is $62.26.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on TCOM. Bank of America lifted 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. TD Securities lifted their price target on shares of Trip.com Group from $67.00 to $73.00 and gave the stock a "buy" rating in a research note on Tuesday, May 20th. Benchmark reiterated a "buy" rating and set a $80.00 target price on shares of Trip.com Group in a research note on Tuesday, May 20th. Mizuho upgraded shares of Trip.com Group to a "strong-buy" rating in a research note on Friday, May 2nd. Finally, Wall Street Zen lowered shares of Trip.com Group from a "buy" rating to a "hold" rating in a research note on Saturday, April 26th. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $77.25.

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.