SG Americas Securities LLC bought a new stake 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 SEC. The fund bought 6,787 shares of the company's stock, valued at approximately $432,000.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. Rhumbline Advisers lifted its stake in shares of 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 purchasing an additional 184 shares in the last quarter. Principal Securities Inc. raised its holdings in shares of Trip.com Group by 46.8% during the 4th quarter. Principal Securities Inc. now owns 530 shares of the company's stock valued at $36,000 after buying an additional 169 shares during the period. Principal Financial Group Inc. lifted its position in Trip.com Group by 87.9% during the 4th quarter. Principal Financial Group Inc. now owns 246,953 shares of the company's stock worth $16,956,000 after acquiring an additional 115,546 shares in the last quarter. Private Advisor Group LLC boosted its holdings in Trip.com Group by 2.8% in the 4th quarter. Private Advisor Group LLC now owns 16,272 shares of the company's stock worth $1,117,000 after acquiring an additional 440 shares during the period. Finally, Y Intercept Hong Kong Ltd purchased a new position in Trip.com Group in the 4th quarter worth approximately $1,372,000. Institutional investors and hedge funds own 35.41% of the company's stock.
Trip.com Group Stock Up 2.2%
NASDAQ TCOM traded up $1.28 on Tuesday, hitting $58.89. 3,949,127 shares of the stock traded hands, compared to its average volume of 3,940,799. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.13. The stock has a 50-day moving average of $60.75 and a 200 day moving average of $63.88. Trip.com Group Limited Sponsored ADR has a twelve month low of $38.23 and a twelve month high of $77.18. The company has a market capitalization of $38.47 billion, a P/E ratio of 17.07, a price-to-earnings-growth ratio of 2.67 and a beta of 0.09.
Wall Street Analysts Forecast Growth
TCOM has been the topic of a number of analyst reports. Mizuho upgraded shares of Trip.com Group to a "strong-buy" rating in a research note on Friday, May 2nd. Benchmark reaffirmed a "buy" rating and set a $80.00 price target on shares of Trip.com Group in a research note on Tuesday, May 20th. Wall Street Zen cut shares of Trip.com Group from a "buy" rating to a "hold" rating in a research report on Saturday, April 26th. Bank of America raised their target price 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. Finally, JPMorgan Chase & Co. cut their price target 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. One analyst has rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $77.25.
Read Our Latest Report on Trip.com Group
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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