Flow Traders U.S. LLC Takes $922,000 Position in Trip.com Group Limited (NASDAQ:TCOM)

Flow Traders U.S. LLC acquired a new stake in Trip.com Group Limited (NASDAQ:TCOM - Free Report) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 15,510 shares of the company's stock, valued at approximately $922,000.

Several other institutional investors have also added to or reduced their stakes in the business. RPg Family Wealth Advisory LLC purchased a new position in Trip.com Group during the third quarter valued at approximately $38,000. Fifth Third Bancorp increased its stake in Trip.com Group by 1,188.0% in the 2nd quarter. Fifth Third Bancorp now owns 1,069 shares of the company's stock worth $50,000 after buying an additional 986 shares in the last quarter. Hilltop National Bank raised its holdings in Trip.com Group by 322.1% during the second quarter. Hilltop National Bank now owns 1,148 shares of the company's stock valued at $54,000 after acquiring an additional 876 shares during the period. Benjamin F. Edwards & Company Inc. lifted its position in shares of Trip.com Group by 72.3% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,165 shares of the company's stock valued at $55,000 after acquiring an additional 489 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Trip.com Group in the second quarter worth about $66,000. 35.41% of the stock is currently owned by hedge funds and other institutional investors.

Trip.com Group Stock Up 4.3 %

NASDAQ TCOM traded up $2.78 on Tuesday, hitting $68.03. The stock had a trading volume of 6,015,346 shares, compared to its average volume of 3,216,609. The business's fifty day moving average price is $63.26 and its 200 day moving average price is $52.99. The stock has a market cap of $43.82 billion, a price-to-earnings ratio of 20.37, a price-to-earnings-growth ratio of 0.98 and a beta of 0.38. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.42 and a quick ratio of 1.42. Trip.com Group Limited has a 52-week low of $32.42 and a 52-week high of $69.67.

Wall Street Analysts Forecast Growth

TCOM has been the subject of a number of research reports. Benchmark upped their target price on shares of Trip.com Group from $72.00 to $80.00 and gave the stock a "buy" rating in a research report on Tuesday, November 19th. Mizuho upped their price objective on Trip.com Group from $65.00 to $78.00 and gave the stock an "outperform" rating in a report on Tuesday, November 12th. Hsbc Global Res raised shares of Trip.com Group from a "hold" rating to a "strong-buy" rating in a report on Tuesday, November 19th. Citigroup upped their target price on shares of Trip.com Group from $66.00 to $72.00 and gave the company a "buy" rating in a research report on Thursday, October 10th. Finally, Barclays boosted their price objective on Trip.com Group from $76.00 to $84.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 20th. Eleven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Buy" and an average target price of $74.18.

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.