Myriad Asset Management US LP Makes New Investment in Trip.com Group Limited (NASDAQ:TCOM)

Myriad Asset Management US LP purchased a new position in Trip.com Group Limited (NASDAQ:TCOM - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 55,440 shares of the company's stock, valued at approximately $3,525,000. Trip.com Group makes up approximately 1.5% of Myriad Asset Management US LP's portfolio, making the stock its 10th largest holding.

A number of other hedge funds have also recently made changes to their positions in TCOM. National Bank of Canada FI raised its holdings in Trip.com Group by 227.7% in the fourth quarter. National Bank of Canada FI now owns 462 shares of the company's stock worth $32,000 after purchasing an additional 321 shares in the last quarter. Rakuten Securities Inc. raised its stake in shares of Trip.com Group by 1,496.7% during the 4th quarter. Rakuten Securities Inc. now owns 479 shares of the company's stock worth $33,000 after acquiring an additional 449 shares in the last quarter. Principal Securities Inc. lifted its position in Trip.com Group by 46.8% during the fourth quarter. Principal Securities Inc. now owns 530 shares of the company's stock valued at $36,000 after acquiring an additional 169 shares during the last quarter. Farther Finance Advisors LLC lifted its position in Trip.com Group by 443.5% during the fourth quarter. Farther Finance Advisors LLC now owns 625 shares of the company's stock valued at $43,000 after acquiring an additional 510 shares during the last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in Trip.com Group in the fourth quarter valued at approximately $94,000. 35.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on TCOM. Wall Street Zen lowered Trip.com Group from a "buy" rating to a "hold" rating in a report on Saturday, April 26th. Bank of America boosted their price target on Trip.com Group from $68.00 to $70.00 and gave the stock a "buy" rating in a research note on Wednesday, May 21st. JPMorgan Chase & Co. decreased their price objective on shares of Trip.com Group from $80.00 to $75.00 and set an "overweight" rating for the company in a research report on Thursday, February 27th. TD Securities boosted their target price on shares of Trip.com Group from $67.00 to $73.00 and gave the stock a "buy" rating in a research report on Tuesday, May 20th. Finally, Mizuho raised Trip.com Group to a "strong-buy" rating in a research report on Friday, May 2nd. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $77.25.

Trip.com Group Price Performance

Shares of NASDAQ:TCOM traded up $0.35 during midday trading on Thursday, hitting $61.98. The company had a trading volume of 3,646,509 shares, compared to its average volume of 3,960,517. 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's 50-day simple moving average is $59.98 and its 200-day simple moving average is $64.39. Trip.com Group Limited has a twelve month low of $38.23 and a twelve month high of $77.18. The stock has a market cap of $40.49 billion, a price-to-earnings ratio of 18.56, a price-to-earnings-growth ratio of 0.67 and a beta of 0.09.

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.