BOCHK Asset Management Ltd Purchases 6,000 Shares of Trip.com Group Limited (NASDAQ:TCOM)

BOCHK Asset Management Ltd grew its position in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 85.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,000 shares of the company's stock after buying an additional 6,000 shares during the quarter. Trip.com Group accounts for approximately 0.3% of BOCHK Asset Management Ltd's holdings, making the stock its 25th largest position. BOCHK Asset Management Ltd's holdings in Trip.com Group were worth $893,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brooklyn Investment Group purchased a new stake in Trip.com Group during the fourth quarter valued at approximately $25,000. RPg Family Wealth Advisory LLC bought a new stake in shares of Trip.com Group during the 3rd quarter valued at $38,000. CWM LLC increased its stake in shares of Trip.com Group by 10.4% in the 3rd quarter. CWM LLC now owns 2,327 shares of the company's stock worth $138,000 after purchasing an additional 220 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its holdings in Trip.com Group by 101.1% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 3,173 shares of the company's stock worth $189,000 after purchasing an additional 1,595 shares during the period. Finally, M&T Bank Corp bought a new position in Trip.com Group in the 3rd quarter worth $224,000. 35.41% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on TCOM shares. Sanford C. Bernstein initiated coverage on Trip.com Group in a research report on Monday, November 4th. They issued an "outperform" rating and a $85.00 price target for the company. Benchmark reiterated a "buy" rating and set a $80.00 price objective on shares of Trip.com Group in a research note on Tuesday, January 14th. StockNews.com upgraded shares of Trip.com Group from a "hold" rating to a "buy" rating in a research note on Wednesday, November 20th. Barclays upped their price target on shares of Trip.com Group from $76.00 to $84.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 20th. Finally, Macquarie raised their price objective on shares of Trip.com Group from $75.40 to $80.80 and gave the company an "outperform" rating in a research report on Wednesday, November 20th. Eleven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Trip.com Group currently has an average rating of "Buy" and a consensus price target of $74.78.

Trip.com Group Price Performance

TCOM traded down $3.33 during trading on Friday, hitting $70.17. 2,127,452 shares of the company traded hands, compared to its average volume of 2,180,655. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.14. The company has a market cap of $45.20 billion, a PE ratio of 21.01, a P/E/G ratio of 0.72 and a beta of 0.37. The stock's 50-day simple moving average is $68.68 and its two-hundred day simple moving average is $58.56. Trip.com Group Limited has a 1 year low of $35.94 and a 1 year high of $77.18.

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.