Legacy Wealth Asset Management LLC Purchases New Position in Trip.com Group Limited (NASDAQ:TCOM)

Legacy Wealth Asset Management LLC purchased a new position in Trip.com Group Limited (NASDAQ:TCOM - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 8,750 shares of the company's stock, valued at approximately $556,000.

A number of other institutional investors also recently bought and sold shares of TCOM. WT Asset Management Ltd lifted its holdings in shares of Trip.com Group by 92.3% during the fourth quarter. WT Asset Management Ltd now owns 44,416 shares of the company's stock worth $3,050,000 after purchasing an additional 21,316 shares during the period. Baird Financial Group Inc. acquired a new position in Trip.com Group during the fourth quarter valued at $382,000. Vise Technologies Inc. purchased a new stake in Trip.com Group in the fourth quarter valued at $906,000. Raymond James Financial Inc. purchased a new position in shares of Trip.com Group during the 4th quarter valued at about $4,192,000. Finally, Capital Advisory Group Advisory Services LLC acquired a new stake in Trip.com Group during the fourth quarter worth about $381,000. 35.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on TCOM shares. JPMorgan Chase & Co. lowered their target price on shares of Trip.com Group from $80.00 to $75.00 and set an "overweight" rating on the stock in a research note on Thursday, February 27th. 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 lifted their price objective on Trip.com Group from $67.00 to $73.00 and gave the stock a "buy" rating in a report on Tuesday, May 20th. Mizuho raised Trip.com Group to a "strong-buy" rating in a research note on Friday, May 2nd. Finally, Benchmark reiterated a "buy" rating and issued a $80.00 target price on shares of Trip.com Group in a research report on Tuesday, May 20th. One 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 company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $77.25.

Trip.com Group Stock Down 0.9%

Shares of TCOM stock traded down $0.60 during trading on Tuesday, reaching $63.05. The company's stock had a trading volume of 2,279,059 shares, compared to its average volume of 3,961,743. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.42 and a quick ratio of 1.42. Trip.com Group Limited has a 1-year low of $38.23 and a 1-year high of $77.18. The company has a market capitalization of $41.19 billion, a price-to-earnings ratio of 18.88, a P/E/G ratio of 0.67 and a beta of 0.08. The stock's 50-day moving average price is $60.04 and its 200 day moving average price is $64.42.

Trip.com Group 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.