Legacy Wealth Asset Management LLC Makes New $556,000 Investment in Trip.com Group Limited (NASDAQ:TCOM)

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

Several other institutional investors have also recently bought and sold shares of TCOM. abrdn plc grew its stake in shares of Trip.com Group by 0.5% during the fourth quarter. abrdn plc now owns 29,598 shares of the company's stock worth $2,032,000 after purchasing an additional 150 shares during the period. Principal Securities Inc. raised its holdings in Trip.com Group by 46.8% during the fourth quarter. Principal Securities Inc. now owns 530 shares of the company's stock worth $36,000 after acquiring an additional 169 shares in the last quarter. Rhumbline Advisers raised its holdings in Trip.com Group by 1.6% during the fourth quarter. Rhumbline Advisers now owns 12,014 shares of the company's stock worth $825,000 after acquiring an additional 184 shares in the last quarter. Blair William & Co. IL raised its holdings in Trip.com Group by 4.3% during the fourth quarter. Blair William & Co. IL now owns 5,349 shares of the company's stock worth $367,000 after acquiring an additional 219 shares in the last quarter. Finally, Sequoia Financial Advisors LLC raised its holdings in Trip.com Group by 2.0% during the fourth quarter. Sequoia Financial Advisors LLC now owns 12,745 shares of the company's stock worth $875,000 after acquiring an additional 244 shares in the last quarter. Institutional investors own 35.41% of the company's stock.

Analyst Ratings Changes

TCOM has been the topic of several research analyst reports. TD Securities upped their price objective on Trip.com Group from $67.00 to $73.00 and gave the company a "buy" rating in a research note on Tuesday, May 20th. JPMorgan Chase & Co. dropped their price objective on 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. Bank of America upped their price objective on Trip.com Group from $68.00 to $70.00 and gave the company a "buy" rating in a research note on Wednesday, May 21st. Wall Street Zen lowered Trip.com Group from a "buy" rating to a "hold" rating in a research note on Saturday, April 26th. Finally, Mizuho upgraded Trip.com Group to a "strong-buy" rating in a research note on Friday, May 2nd. One research analyst has rated the stock with a hold rating, ten have assigned 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 an average rating of "Buy" and a consensus target price of $77.25.

Trip.com Group Price Performance

NASDAQ:TCOM traded up $0.35 during trading hours on Thursday, reaching $61.98. 3,799,409 shares of the company were exchanged, compared to its average volume of 3,930,518. The company has a market capitalization of $40.49 billion, a P/E ratio of 18.56, a P/E/G ratio of 0.67 and a beta of 0.09. Trip.com Group Limited has a 1-year low of $38.23 and a 1-year high of $77.18. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.42 and a quick ratio of 1.42. The business has a 50 day moving average of $59.95 and a 200 day moving average of $64.39.

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.