Quantitative Investment Management LLC acquired a new position in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 14,516 shares of the company's stock, valued at approximately $922,000.
A number of other large investors have also recently bought and sold shares of the company. Stone House Investment Management LLC acquired a new stake in shares of Trip.com Group in the 1st quarter valued at approximately $32,000. Summit Securities Group LLC acquired a new stake in shares of Trip.com Group in the 1st quarter valued at approximately $58,000. Allianz SE boosted its stake in shares of Trip.com Group by 312.2% in the 1st quarter. Allianz SE now owns 1,150 shares of the company's stock valued at $73,000 after purchasing an additional 871 shares in the last quarter. SVB Wealth LLC acquired a new stake in shares of Trip.com Group in the 1st quarter valued at approximately $78,000. Finally, Brooklyn Investment Group boosted its stake in shares of Trip.com Group by 239.5% in the 1st quarter. Brooklyn Investment Group now owns 1,229 shares of the company's stock valued at $78,000 after purchasing an additional 867 shares in the last quarter. 35.41% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on TCOM. Barclays raised their price target on shares of Trip.com Group from $84.00 to $85.00 and gave the company an "overweight" rating in a research note on Friday. Benchmark restated a "buy" rating and issued a $80.00 price target on shares of Trip.com Group in a research note on Tuesday, May 20th. Sanford C. Bernstein raised their price target on shares of Trip.com Group from $75.00 to $78.00 and gave the company an "outperform" rating in a research note on Friday. Bank of America lifted their target price on shares of Trip.com Group from $68.00 to $70.00 and gave the stock a "buy" rating in a research report on Wednesday, May 21st. Finally, Mizuho lifted their target price on shares of Trip.com Group from $78.00 to $81.00 and gave the stock an "outperform" rating in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $76.98.
View Our Latest Stock Analysis on Trip.com Group
Trip.com Group Trading Down 1.7%
NASDAQ:TCOM traded down $1.28 during mid-day trading on Friday, hitting $73.75. 4,246,337 shares of the company's stock were exchanged, compared to its average volume of 3,424,855. The company has a 50 day simple moving average of $62.27 and a 200-day simple moving average of $61.56. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.13. Trip.com Group Limited Sponsored ADR has a fifty-two week low of $46.20 and a fifty-two week high of $77.18. The firm has a market capitalization of $48.18 billion, a P/E ratio of 20.21, a PEG ratio of 3.53 and a beta of 0.06.
About Trip.com Group
(
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.
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