Think Investments LP Buys Shares of 238,000 Trip.com Group Limited Sponsored ADR $TCOM

Key Points

• Think Investments LP acquired 238,000 shares of Trip.com Group Limited valued at approximately $15.1 million, now representing 3.0% of its investment portfolio.
• A range of institutional investors have also increased their positions in Trip.com Group, indicating strong interest in the stock.
• Wall Street analysts have a consensus rating of "Buy" for Trip.com Group, with a consensus price target of $76.98.

Think Investments LP bought a new position in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 238,000 shares of the company's stock, valued at approximately $15,132,000. Trip.com Group makes up about 3.0% of Think Investments LP's holdings, making the stock its 16th largest holding.

Other institutional investors also recently modified their holdings of the company. NewEdge Advisors LLC boosted its stake in shares of Trip.com Group by 384.6% during the 1st quarter. NewEdge Advisors LLC now owns 567 shares of the company's stock worth $36,000 after acquiring an additional 450 shares in the last quarter. KEYWISE CAPITAL MANAGEMENT HK Ltd purchased a new stake in shares of Trip.com Group during the first quarter valued at $245,000. Banque Transatlantique SA purchased a new stake in shares of Trip.com Group during the first quarter valued at $927,000. Advisors Asset Management Inc. boosted its position in shares of Trip.com Group by 35.8% in the 1st quarter. Advisors Asset Management Inc. now owns 2,865 shares of the company's stock valued at $182,000 after purchasing an additional 755 shares during the period. Finally, Amundi increased its stake in Trip.com Group by 38.1% in the 1st quarter. Amundi now owns 1,375,621 shares of the company's stock worth $84,188,000 after purchasing an additional 379,498 shares in the last quarter. Institutional investors own 35.41% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Benchmark reaffirmed a "buy" rating and set a $80.00 price objective on shares of Trip.com Group in a research note on Tuesday, May 20th. Sanford C. Bernstein boosted their price target on shares of Trip.com Group from $75.00 to $78.00 and gave the company an "outperform" rating in a report on Friday, August 29th. Barclays raised their price objective on shares of Trip.com Group from $84.00 to $85.00 and gave the stock an "overweight" rating in a research note on Friday, August 29th. TD Securities lifted their price objective 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, Bank of America increased their target price on Trip.com Group from $68.00 to $70.00 and gave the company a "buy" rating in a report on Wednesday, May 21st. Two analysts have rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the stock. Based on data from MarketBeat, Trip.com Group currently has a consensus rating of "Buy" and an average price target of $76.98.

Trip.com Group Stock Down 1.1%

Shares of NASDAQ:TCOM traded down $0.83 during trading on Friday, reaching $74.00. 687,764 shares of the company traded hands, compared to its average volume of 3,489,580. The firm has a fifty day simple moving average of $64.80 and a 200 day simple moving average of $61.93. The firm has a market cap of $48.34 billion, a P/E ratio of 20.28, a price-to-earnings-growth ratio of 2.99 and a beta of 0.03. Trip.com Group Limited Sponsored ADR has a 1-year low of $46.20 and a 1-year high of $77.18. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.07.

Trip.com Group 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.