NINE MASTS CAPITAL Ltd Grows Stake in Trip.com Group Limited (NASDAQ:TCOM)

NINE MASTS CAPITAL Ltd increased its holdings in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 455.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,445 shares of the company's stock after purchasing an additional 15,945 shares during the quarter. NINE MASTS CAPITAL Ltd's holdings in Trip.com Group were worth $1,352,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Brooklyn Investment Group acquired a new stake in Trip.com Group during the fourth quarter worth approximately $25,000. Principal Securities Inc. raised its stake in Trip.com Group by 46.8% during the 4th quarter. Principal Securities Inc. now owns 530 shares of the company's stock worth $36,000 after acquiring an additional 169 shares in the last quarter. RPg Family Wealth Advisory LLC acquired a new stake in Trip.com Group during the 3rd quarter worth $38,000. SBI Securities Co. Ltd. purchased a new stake in Trip.com Group in the fourth quarter valued at $94,000. Finally, Empowered Funds LLC acquired a new position in Trip.com Group in the fourth quarter valued at $136,000. Hedge funds and other institutional investors own 35.41% of the company's stock.

Trip.com Group Stock Down 0.9 %

Shares of Trip.com Group stock opened at $56.68 on Monday. The company has a market cap of $36.51 billion, a P/E ratio of 16.97, a PEG ratio of 0.67 and a beta of 0.37. The firm has a fifty day moving average of $67.39 and a two-hundred day moving average of $61.99. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.42 and a current ratio of 1.42. Trip.com Group Limited has a one year low of $38.23 and a one year high of $77.18.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. TD Cowen boosted their target price on Trip.com Group from $56.00 to $71.00 and gave the company a "buy" rating in a report on Tuesday, November 19th. Hsbc Global Res upgraded Trip.com Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, November 19th. Sanford C. Bernstein assumed coverage on Trip.com Group in a report on Monday, November 4th. They issued an "outperform" rating and a $85.00 price objective for the company. JPMorgan Chase & Co. cut their target price on shares of Trip.com Group from $80.00 to $75.00 and set an "overweight" rating on the stock in a report on Thursday. Finally, Macquarie increased their price target on shares of Trip.com Group from $75.40 to $80.80 and gave the stock an "outperform" rating in a research note on Wednesday, November 20th. One investment analyst has rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $77.08.

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.

Want to see what other hedge funds are holding TCOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Trip.com Group Limited (NASDAQ:TCOM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.