Trip.com Group Limited (NASDAQ:TCOM) Shares Acquired by Handelsbanken Fonder AB

Handelsbanken Fonder AB increased its stake in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 198.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 358,735 shares of the company's stock after purchasing an additional 238,735 shares during the quarter. Handelsbanken Fonder AB owned approximately 0.06% of Trip.com Group worth $22,808,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. SG Americas Securities LLC purchased a new position in shares of Trip.com Group in the 1st quarter worth approximately $432,000. Myriad Asset Management US LP acquired a new position in shares of Trip.com Group during the first quarter worth $3,525,000. Legacy Wealth Asset Management LLC purchased a new stake in shares of Trip.com Group during the 1st quarter valued at $556,000. GAMMA Investing LLC boosted its position in shares of Trip.com Group by 6,259.0% in the 1st quarter. GAMMA Investing LLC now owns 2,480 shares of the company's stock worth $158,000 after purchasing an additional 2,441 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its stake in Trip.com Group by 15.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 6,805 shares of the company's stock worth $467,000 after buying an additional 905 shares during the last quarter. Institutional investors own 35.41% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Bank of America upped their price objective on shares of Trip.com Group from $68.00 to $70.00 and gave the company a "buy" rating in a report on Wednesday, May 21st. Benchmark reiterated a "buy" rating and issued a $80.00 target price on shares of Trip.com Group in a research report on Tuesday, May 20th. JPMorgan Chase & Co. reduced their price target on shares of Trip.com Group from $80.00 to $75.00 and set an "overweight" rating for the company in a research report on Thursday, February 27th. Wall Street Zen downgraded shares of Trip.com Group from a "buy" rating to a "hold" rating in a report on Saturday, April 26th. Finally, TD Securities boosted their price objective on Trip.com Group from $67.00 to $73.00 and gave the company a "buy" rating in a report on Tuesday, May 20th. One 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 stock. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $77.25.

Trip.com Group Price Performance

Shares of NASDAQ TCOM traded down $0.35 during midday trading on Thursday, hitting $60.91. The stock had a trading volume of 1,044,940 shares, compared to its average volume of 3,918,112. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.14. The stock has a 50 day simple moving average of $59.99 and a 200-day simple moving average of $64.32. The company has a market capitalization of $39.79 billion, a PE ratio of 18.24, a P/E/G ratio of 0.67 and a beta of 0.09. Trip.com Group Limited has a 1 year low of $38.23 and a 1 year high of $77.18.

About Trip.com Group

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.