Quantinno Capital Management LP boosted its position in Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 35.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,821 shares of the company's stock after buying an additional 4,648 shares during the quarter. Quantinno Capital Management LP's holdings in Trip.com Group were worth $1,224,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also bought and sold shares of the company. Atomi Financial Group Inc. increased its holdings in Trip.com Group by 10.2% in the 4th quarter. Atomi Financial Group Inc. now owns 7,575 shares of the company's stock worth $520,000 after acquiring an additional 703 shares during the last quarter. KBC Group NV boosted its position in Trip.com Group by 7.5% during the fourth quarter. KBC Group NV now owns 134,978 shares of the company's stock worth $9,268,000 after purchasing an additional 9,371 shares during the period. SteelPeak Wealth LLC purchased a new position in shares of Trip.com Group in the fourth quarter worth about $264,000. BOCHK Asset Management Ltd raised its position in shares of Trip.com Group by 85.7% in the fourth quarter. BOCHK Asset Management Ltd now owns 13,000 shares of the company's stock valued at $893,000 after purchasing an additional 6,000 shares during the period. Finally, Caprock Group LLC lifted its position in shares of Trip.com Group by 13.7% during the fourth quarter. Caprock Group LLC now owns 6,682 shares of the company's stock worth $459,000 after acquiring an additional 807 shares in the last quarter. 35.41% of the stock is owned by hedge funds and other institutional investors.
Trip.com Group Price Performance
TCOM stock traded up $0.71 during midday trading on Wednesday, reaching $62.46. The company had a trading volume of 327,677 shares, compared to its average volume of 3,972,227. The firm has a 50-day moving average price of $60.06 and a 200-day moving average price of $64.38. The company has a market capitalization of $40.80 billion, a P/E ratio of 18.70, a P/E/G ratio of 0.67 and a beta of 0.08. 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.
Wall Street Analyst Weigh In
Several research analysts have commented on TCOM shares. Wall Street Zen downgraded Trip.com Group from a "buy" rating to a "hold" rating in a research note on Saturday, April 26th. Benchmark reissued a "buy" rating and issued a $80.00 price target on shares of Trip.com Group in a report on Tuesday, May 20th. JPMorgan Chase & Co. reduced 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 note on Thursday, February 27th. TD Securities upped their target price on shares of Trip.com Group from $67.00 to $73.00 and gave the stock a "buy" rating in a report on Tuesday, May 20th. Finally, Mizuho raised shares of Trip.com Group to a "strong-buy" rating in a report on Friday, May 2nd. One investment 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.com, Trip.com Group currently has an average rating of "Buy" and a consensus target price of $77.25.
Check Out Our Latest Research Report on Trip.com Group
Trip.com Group Company Profile
(
Free Report)
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.
Recommended Stories
Before you consider Trip.com Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Trip.com Group wasn't on the list.
While Trip.com Group currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
