Headwater Capital Co Ltd Increases Stock Position in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM)

Key Points

• Headwater Capital Co Ltd has significantly increased its stake in Trip.com Group by 150% in the first quarter, owning over 500,000 shares valued at $31,790,000.
• Institutional investors collectively own 35.41% of Trip.com Group, with FMR LLC and Mirae Asset Global Investments notably increasing their holdings by 125.5% and 1,609.6% respectively.
• Trip.com Group has received mixed analyst ratings, with a consensus of "Buy" and an average price target of $77.25.

Headwater Capital Co Ltd lifted its position in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 150.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 500,000 shares of the company's stock after purchasing an additional 300,000 shares during the period. Trip.com Group comprises 14.3% of Headwater Capital Co Ltd's investment portfolio, making the stock its 3rd largest holding. Headwater Capital Co Ltd owned approximately 0.08% of Trip.com Group worth $31,790,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in TCOM. National Bank of Canada FI boosted its stake in shares of Trip.com Group by 227.7% in the 4th quarter. National Bank of Canada FI now owns 462 shares of the company's stock valued at $32,000 after purchasing an additional 321 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Trip.com Group by 28.3% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,633 shares of the company's stock valued at $104,000 after acquiring an additional 360 shares during the last quarter. GAMMA Investing LLC grew its holdings in Trip.com Group by 6,259.0% during the 1st quarter. GAMMA Investing LLC now owns 2,480 shares of the company's stock worth $158,000 after acquiring an additional 2,441 shares during the period. CWM LLC raised its position in shares of Trip.com Group by 15.0% in the 1st quarter. CWM LLC now owns 2,810 shares of the company's stock worth $179,000 after acquiring an additional 366 shares in the last quarter. Finally, Natixis lifted its stake in shares of Trip.com Group by 13.1% in the 4th quarter. Natixis now owns 2,703 shares of the company's stock valued at $186,000 after purchasing an additional 313 shares during the period. Institutional investors and hedge funds own 35.41% of the company's stock.

Trip.com Group Stock Up 1.3%

Trip.com Group stock traded up $0.79 during trading on Wednesday, hitting $61.96. 1,293,994 shares of the company were exchanged, compared to its average volume of 3,466,119. 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 business's 50 day moving average is $61.21 and its 200 day moving average is $62.26. Trip.com Group Limited Sponsored ADR has a 52 week low of $40.71 and a 52 week high of $77.18. The company has a market capitalization of $40.48 billion, a P/E ratio of 17.96, a PEG ratio of 2.97 and a beta of 0.06.

Analyst Upgrades and Downgrades

TCOM has been the topic of several research analyst reports. Bank of America raised their target price on Trip.com Group from $68.00 to $70.00 and gave the stock a "buy" rating in a research note on Wednesday, May 21st. Benchmark restated a "buy" rating and set a $80.00 price target on shares of Trip.com Group in a report on Tuesday, May 20th. TD Securities lifted their price objective on shares of Trip.com Group from $67.00 to $73.00 and gave the company a "buy" rating in a research note on Tuesday, May 20th. Mizuho upgraded shares of Trip.com Group to a "strong-buy" rating in a research report on Friday, May 2nd. Finally, Wall Street Zen cut shares of Trip.com Group from a "buy" rating to a "hold" rating in a report on Saturday, April 26th. One equities research 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. Based on data from MarketBeat.com, Trip.com Group currently has an average rating of "Buy" and an average price target of $77.25.

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.