Analyst IMS Investment Management Services Ltd. boosted its holdings in shares of Trip.com Group Limited (NASDAQ:TCOM – Get Rating) by 18.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 49,172 shares of the company's stock after buying an additional 7,622 shares during the quarter. Analyst IMS Investment Management Services Ltd.'s holdings in Trip.com Group were worth $1,350,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of TCOM. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Trip.com Group during the second quarter worth about $43,000. Exane Derivatives purchased a new position in Trip.com Group in the 1st quarter worth about $78,000. Migdal Insurance & Financial Holdings Ltd. raised its stake in shares of Trip.com Group by 44.4% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 5,015 shares of the company's stock valued at $122,000 after acquiring an additional 1,541 shares in the last quarter. Advisor Group Holdings Inc. raised its position in Trip.com Group by 19.7% during the 1st quarter. Advisor Group Holdings Inc. now owns 6,496 shares of the company's stock valued at $152,000 after purchasing an additional 1,068 shares in the last quarter. Finally, AIA Group Ltd purchased a new position in Trip.com Group during the 1st quarter valued at about $209,000. 54.08% of the stock is currently owned by hedge funds and other institutional investors.
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Trip.com Group Stock Up 4.2 %
NASDAQ TCOM traded up $1.15 on Tuesday, hitting $28.83. The company had a trading volume of 197,509 shares, compared to its average volume of 4,372,250. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.11 and a quick ratio of 1.11. The company's fifty day moving average price is $26.24 and its 200-day moving average price is $24.24. Trip.com Group Limited has a 12-month low of $14.29 and a 12-month high of $33.27.
Analysts Set New Price Targets
TCOM has been the subject of a number of recent research reports. Barclays boosted their target price on shares of Trip.com Group from $33.00 to $35.00 and gave the stock an "overweight" rating in a report on Wednesday, September 28th. Benchmark decreased their price objective on shares of Trip.com Group from $40.00 to $35.00 and set a "buy" rating for the company in a research note on Tuesday, June 28th. Mizuho cut their price objective on shares of Trip.com Group from $32.00 to $30.00 and set a "buy" rating on the stock in a research note on Tuesday, June 28th. StockNews.com upgraded Trip.com Group from a "sell" rating to a "hold" rating in a research note on Wednesday, July 6th. Finally, Daiwa Capital Markets raised Trip.com Group from a "neutral" rating to a "buy" rating in a report on Thursday, September 22nd. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $31.00.
About Trip.com Group
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Trip.com Group Limited 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.
Further Reading
- Get a free copy of the StockNews.com research report on Trip.com Group (TCOM)
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