Trivest Advisors Ltd Buys 100,000 Shares of Trip.com Group Limited Sponsored ADR $TCOM

Trivest Advisors Ltd raised its stake in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 10.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,100,000 shares of the company’s stock after buying an additional 100,000 shares during the period. Trip.com Group comprises 2.6% of Trivest Advisors Ltd’s holdings, making the stock its 16th biggest holding. Trivest Advisors Ltd owned about 0.17% of Trip.com Group worth $82,720,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in the stock. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in shares of Trip.com Group by 43.4% during the third quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 5,248 shares of the company’s stock valued at $395,000 after acquiring an additional 1,589 shares in the last quarter. Factory Mutual Insurance Co. bought a new position in Trip.com Group in the third quarter worth approximately $772,000. GSA Capital Partners LLP increased its holdings in Trip.com Group by 4.3% during the 3rd quarter. GSA Capital Partners LLP now owns 40,512 shares of the company’s stock worth $3,047,000 after purchasing an additional 1,688 shares during the period. PNC Financial Services Group Inc. raised its position in Trip.com Group by 20.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 8,033 shares of the company’s stock valued at $604,000 after purchasing an additional 1,359 shares in the last quarter. Finally, HighTower Advisors LLC lifted its holdings in shares of Trip.com Group by 6.6% in the 3rd quarter. HighTower Advisors LLC now owns 72,589 shares of the company’s stock worth $5,459,000 after buying an additional 4,479 shares during the period. 35.41% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

TCOM has been the topic of several research reports. Barclays raised their price target on Trip.com Group from $85.00 to $90.00 and gave the company an “overweight” rating in a research note on Wednesday, November 19th. Bank of America raised their target price on shares of Trip.com Group from $83.00 to $85.00 and gave the company a “buy” rating in a research report on Thursday, November 20th. Weiss Ratings restated a “buy (b-)” rating on shares of Trip.com Group in a report on Monday, December 29th. Citigroup increased their price objective on shares of Trip.com Group from $85.00 to $86.00 and gave the company a “buy” rating in a research note on Wednesday, November 19th. Finally, Zacks Research raised shares of Trip.com Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 3rd. One investment analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the stock. According to data from MarketBeat.com, Trip.com Group presently has an average rating of “Buy” and an average price target of $81.25.

Trip.com Group Stock Performance

TCOM stock opened at $54.57 on Friday. Trip.com Group Limited Sponsored ADR has a one year low of $51.35 and a one year high of $78.99. The firm has a market cap of $35.65 billion, a price-to-earnings ratio of 8.73, a PEG ratio of 3.85 and a beta of -0.14. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.48 and a current ratio of 1.48. The firm has a 50-day simple moving average of $65.65 and a two-hundred day simple moving average of $68.95.

Trip.com Group Profile

Trip.com Group (NASDAQ: TCOM) is a China-based online travel services company that provides a broad range of consumer and business travel products. The company operates consumer-facing travel platforms and mobile apps that enable users to search, book and manage hotel reservations, airline tickets, packaged tours, rail travel, car rentals, airport transfers and local activities. It also offers corporate travel management and B2B solutions that support travel suppliers and downstream distribution partners.

Headquartered in Shanghai, Trip.com Group serves customers across China and increasingly in international markets through a portfolio of brands and global distribution channels.