Trip.com Group Sees Unusually Large Options Volume (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 recipient of unusually large options trading on Thursday. Stock investors acquired 3,446 call options on the company. Thisrepresentsanincreaseof48% compared to the typical volume of 2,323 call options.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of TCOM. Mirae Asset Global Investments Co. Ltd. grew its stake in Trip.com Group by 1,609.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,920,955 shares of the company's stock worth $821,514,000 after purchasing an additional 12,165,176 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake in Trip.com Group by 1,925.9% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,986,561 shares of the company's stock worth $205,057,000 after purchasing an additional 2,839,142 shares in the last quarter. ARGA Investment Management LP lifted its holdings in Trip.com Group by 41.2% during the 2nd quarter. ARGA Investment Management LP now owns 6,044,104 shares of the company's stock worth $354,426,000 after buying an additional 1,763,562 shares during the last quarter. Davis Selected Advisers lifted its holdings in Trip.com Group by 29.8% during the 1st quarter. Davis Selected Advisers now owns 4,862,997 shares of the company's stock worth $309,189,000 after buying an additional 1,115,836 shares during the last quarter. Finally, National Bank of Canada FI lifted its holdings in Trip.com Group by 220,646.1% during the 1st quarter. National Bank of Canada FI now owns 1,019,847 shares of the company's stock worth $64,842,000 after buying an additional 1,019,385 shares during the last quarter. 35.41% of the stock is owned by institutional investors and hedge funds.

Trip.com Group Stock Down 3.4%

TCOM traded down $2.54 on Tuesday, hitting $71.21. 2,648,560 shares of the company were exchanged, compared to its average volume of 3,509,807. Trip.com Group has a twelve month low of $46.20 and a twelve month high of $77.18. The company has a market cap of $46.52 billion, a price-to-earnings ratio of 19.51, a price-to-earnings-growth ratio of 3.53 and a beta of 0.03. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.07. The firm has a 50-day moving average price of $62.59 and a two-hundred day moving average price of $61.54.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on TCOM shares. Sanford C. Bernstein increased their price target on Trip.com Group from $75.00 to $78.00 and gave the company an "outperform" rating in a research note on Friday. Mizuho raised their target price on Trip.com Group from $78.00 to $81.00 and gave the stock an "outperform" rating in a report on Thursday, August 28th. Bank of America raised their price objective on Trip.com Group from $68.00 to $70.00 and gave the company a "buy" rating in a report on Wednesday, May 21st. Benchmark restated a "buy" rating and issued a $80.00 target price on shares of Trip.com Group in a research report on Tuesday, May 20th. Finally, Barclays lifted their price objective on Trip.com Group from $84.00 to $85.00 and gave the stock an "overweight" rating in a research report on Friday. One analyst has rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $76.98.

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.