Vise Technologies Inc. Acquires New Stake in Trip.com Group Limited (NASDAQ:TCOM)

Vise Technologies Inc. purchased a new stake in Trip.com Group Limited (NASDAQ:TCOM - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,193 shares of the company's stock, valued at approximately $906,000.

A number of other hedge funds have also made changes to their positions in TCOM. National Bank of Canada FI increased its position in 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 acquiring an additional 321 shares during the period. Rakuten Securities Inc. lifted its stake in Trip.com Group by 1,496.7% during the fourth quarter. Rakuten Securities Inc. now owns 479 shares of the company's stock valued at $33,000 after purchasing an additional 449 shares during the last quarter. Principal Securities Inc. grew its holdings in shares of Trip.com Group by 46.8% in the 4th quarter. Principal Securities Inc. now owns 530 shares of the company's stock worth $36,000 after acquiring an additional 169 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in Trip.com Group by 443.5% during the 4th quarter. Farther Finance Advisors LLC now owns 625 shares of the company's stock worth $43,000 after buying an additional 510 shares during the period. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Trip.com Group during the fourth quarter valued at approximately $94,000. Institutional investors and hedge funds own 35.41% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Bank of America raised their price target on shares of Trip.com Group from $68.00 to $70.00 and gave the stock a "buy" rating in a report on Wednesday, May 21st. Wall Street Zen cut shares of Trip.com Group from a "buy" rating to a "hold" rating in a report on Saturday, April 26th. Benchmark reaffirmed a "buy" rating and issued a $80.00 price target on shares of Trip.com Group in a research report on Tuesday, May 20th. TD Securities boosted their price objective on 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, Mizuho upgraded Trip.com Group to a "strong-buy" rating in a research note on Friday, May 2nd. One research analyst has rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $77.25.

Trip.com Group Trading Up 2.2%

NASDAQ:TCOM traded up $1.39 during mid-day trading on Thursday, hitting $64.56. The company had a trading volume of 2,833,605 shares, compared to its average volume of 3,977,891. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.42 and a current ratio of 1.42. Trip.com Group Limited has a fifty-two week low of $38.23 and a fifty-two week high of $77.18. The firm has a market cap of $42.18 billion, a P/E ratio of 19.33, a P/E/G ratio of 0.67 and a beta of 0.08. The business's fifty day moving average is $60.04 and its two-hundred day moving average is $64.37.

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.