Quantitative Investment Management LLC acquired a new position in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,516 shares of the company's stock, valued at approximately $922,000.
A number of other large investors also recently modified their holdings of the stock. Stone House Investment Management LLC purchased a new stake in Trip.com Group during the first quarter worth about $32,000. Summit Securities Group LLC bought a new stake in shares of Trip.com Group during the 1st quarter valued at $58,000. Allianz SE boosted its position in shares of Trip.com Group by 312.2% in the first quarter. Allianz SE now owns 1,150 shares of the company's stock valued at $73,000 after acquiring an additional 871 shares during the period. SVB Wealth LLC bought a new position in shares of Trip.com Group in the first quarter valued at approximately $78,000. Finally, Brooklyn Investment Group lifted its position in Trip.com Group by 239.5% during the first quarter. Brooklyn Investment Group now owns 1,229 shares of the company's stock valued at $78,000 after purchasing an additional 867 shares during the last quarter. Institutional investors own 35.41% of the company's stock.
Wall Street Analyst Weigh In
TCOM has been the topic of several research reports. Bank of America lifted their price target on shares of Trip.com Group from $68.00 to $70.00 and gave the stock a "buy" rating in a research note on Wednesday, May 21st. TD Securities boosted their price target on Trip.com Group from $67.00 to $73.00 and gave the company a "buy" rating in a report on Tuesday, May 20th. Benchmark reissued a "buy" rating and set a $80.00 target price on shares of Trip.com Group in a research note on Tuesday, May 20th. Finally, Mizuho raised their price target on Trip.com Group from $78.00 to $81.00 and gave the stock an "outperform" rating in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the company's stock. According to MarketBeat, Trip.com Group currently has an average rating of "Buy" and an average target price of $77.53.
Read Our Latest Stock Analysis on TCOM
Trip.com Group Stock Up 14.9%
Shares of TCOM stock traded up $9.74 during mid-day trading on Thursday, reaching $75.03. 8,963,347 shares of the company's stock traded hands, compared to its average volume of 3,510,833. Trip.com Group Limited Sponsored ADR has a 12 month low of $46.20 and a 12 month high of $77.18. The company has a market cap of $49.01 billion, a P/E ratio of 21.75, a P/E/G ratio of 3.11 and a beta of 0.06. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.13. The company's 50-day moving average price is $61.54 and its 200-day moving average price is $61.51.
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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