SteelPeak Wealth LLC Invests $264,000 in Trip.com Group Limited (NASDAQ:TCOM)

SteelPeak Wealth LLC purchased a new stake in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 3,851 shares of the company's stock, valued at approximately $264,000.

Other large investors have also recently modified their holdings of the company. Brooklyn Investment Group bought a new stake in shares of Trip.com Group in the 4th quarter worth $25,000. RPg Family Wealth Advisory LLC bought a new stake in Trip.com Group in the 3rd quarter worth about $38,000. CWM LLC raised its position in 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 buying an additional 220 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its stake in Trip.com Group by 101.1% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 3,173 shares of the company's stock valued at $189,000 after acquiring an additional 1,595 shares during the period. Finally, M&T Bank Corp bought a new position in Trip.com Group during the 3rd quarter valued at about $224,000. Hedge funds and other institutional investors own 35.41% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on TCOM shares. Benchmark reissued a "buy" rating and set a $80.00 price objective on shares of Trip.com Group in a report on Tuesday, January 14th. Hsbc Global Res upgraded shares of Trip.com Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, November 19th. StockNews.com raised Trip.com Group from a "hold" rating to a "buy" rating in a report on Wednesday, November 20th. Barclays lifted their price objective 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 raised Trip.com Group from a "hold" rating to a "buy" rating and set a $75.00 target price on the stock in a report on Tuesday, November 19th. Eleven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Trip.com Group currently has a consensus rating of "Buy" and a consensus price target of $74.78.

Trip.com Group Stock Performance

Shares of TCOM stock traded down $0.76 during trading hours on Tuesday, reaching $71.27. 2,294,645 shares of the company traded hands, compared to its average volume of 2,365,323. The firm has a 50-day moving average price of $68.83 and a 200 day moving average price of $58.91. The company has a market cap of $45.90 billion, a P/E ratio of 21.34, a P/E/G ratio of 0.71 and a beta of 0.37. 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 12-month low of $36.88 and a 12-month high of $77.18.

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.