Investors Buy Large Volume of Trip.com Group Call Options (NASDAQ:TCOM)

Key Points

• Investors have shown increased interest in Trip.com Group (NASDAQ: TCOM), purchasing 3,446 call options, reflecting a substantial 48% rise in volume compared to average trading levels.
• Wall Street analysts are optimistic about the company's prospects, with several institutions raising their price targets and a majority rating the stock as a "Buy" or "Strong Buy."
• Trip.com Group's stock price surged by 11% in recent trading, reaching $72.47, and it has a market capitalization of approximately $47.34 billion with a consistent trading performance.

Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Get Free Report) was the target of some unusual options trading activity on Thursday. Stock traders purchased 3,446 call options on the company. Thisisanincreaseof48% compared to the average volume of 2,323 call options.

Trip.com Group Stock Down 1.7%

NASDAQ TCOM traded down $1.28 on Friday, hitting $73.75. 4,246,337 shares of the stock were exchanged, compared to its average volume of 3,424,855. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.13. Trip.com Group has a fifty-two week low of $46.20 and a fifty-two week high of $77.18. The company has a market cap of $48.18 billion, a PE ratio of 20.21, a PEG ratio of 3.53 and a beta of 0.06. The company has a 50-day moving average price of $62.27 and a 200-day moving average price of $61.56.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on TCOM. Benchmark reissued a "buy" rating and issued a $80.00 price target 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 research note on Friday. Mizuho boosted their price target on shares of Trip.com Group from $78.00 to $81.00 and gave the company an "outperform" rating in a research note on Thursday. Barclays boosted their price target on shares of Trip.com Group from $84.00 to $85.00 and gave the company an "overweight" rating in a research note on Friday. Finally, Bank of America lifted 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. One investment analyst has rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $76.98.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Stone House Investment Management LLC acquired a new position in Trip.com Group during the 1st quarter worth approximately $32,000. NewEdge Advisors LLC grew its holdings in 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. EverSource Wealth Advisors LLC grew its holdings in Trip.com Group by 44.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 701 shares of the company's stock worth $41,000 after acquiring an additional 215 shares in the last quarter. First Horizon Advisors Inc. grew its holdings in Trip.com Group by 67.2% during the 2nd quarter. First Horizon Advisors Inc. now owns 851 shares of the company's stock worth $50,000 after acquiring an additional 342 shares in the last quarter. Finally, Summit Securities Group LLC acquired a new position in Trip.com Group during the 1st quarter worth approximately $58,000. Institutional investors and hedge funds own 35.41% of the company's stock.

Trip.com Group Company 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.