Headwater Capital Co Ltd Buys Shares of 200,000 Trip.com Group Limited (NASDAQ:TCOM)

Headwater Capital Co Ltd purchased a new stake in Trip.com Group Limited (NASDAQ:TCOM - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 200,000 shares of the company's stock, valued at approximately $13,732,000. Trip.com Group accounts for about 7.3% of Headwater Capital Co Ltd's portfolio, making the stock its 7th largest position.

Several other large investors have also recently made changes to their positions in the stock. FMR LLC grew its holdings in shares of Trip.com Group by 32.8% in the third quarter. FMR LLC now owns 11,123,783 shares of the company's stock valued at $661,086,000 after purchasing an additional 2,749,365 shares in the last quarter. Sanders Capital LLC increased its position in shares of Trip.com Group by 34.7% during the third quarter. Sanders Capital LLC now owns 9,566,403 shares of the company's stock worth $568,531,000 after acquiring an additional 2,462,767 shares during the period. ARGA Investment Management LP boosted its holdings in Trip.com Group by 46.9% in the third quarter. ARGA Investment Management LP now owns 5,899,404 shares of the company's stock valued at $350,602,000 after purchasing an additional 1,884,044 shares during the period. Cantillon Capital Management LLC boosted its holdings in Trip.com Group by 14.9% in the third quarter. Cantillon Capital Management LLC now owns 4,868,383 shares of the company's stock valued at $289,328,000 after purchasing an additional 629,508 shares during the period. Finally, CoreView Capital Management Ltd increased its holdings in Trip.com Group by 15.8% during the 3rd quarter. CoreView Capital Management Ltd now owns 4,676,166 shares of the company's stock worth $277,905,000 after purchasing an additional 639,000 shares during the period. 35.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on TCOM shares. TD Cowen increased their price objective on shares of Trip.com Group from $56.00 to $71.00 and gave the company a "buy" rating in a research report on Tuesday, November 19th. Mizuho raised their price target on Trip.com Group from $65.00 to $78.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 12th. Macquarie upped their target price on shares of Trip.com Group from $75.40 to $80.80 and gave the company an "outperform" rating in a report on Wednesday, November 20th. Barclays raised their price target on Trip.com Group from $76.00 to $84.00 and gave the stock an "overweight" rating in a report on Wednesday, November 20th. Finally, HSBC upgraded Trip.com Group from a "hold" rating to a "buy" rating and set a $75.00 target price on the stock in a research note on Tuesday, November 19th. Eleven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $74.78.

Trip.com Group Price Performance

Shares of NASDAQ TCOM traded up $0.55 during midday trading on Monday, hitting $63.70. The company had a trading volume of 1,452,213 shares, compared to its average volume of 2,733,960. The firm has a market capitalization of $41.03 billion, a price-to-earnings ratio of 19.07, a price-to-earnings-growth ratio of 1.10 and a beta of 0.37. Trip.com Group Limited has a twelve month low of $34.42 and a twelve month high of $77.18. The business has a 50-day simple moving average of $67.51 and a two-hundred day simple moving average of $56.64. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.14.

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.