Trip.com Group Limited (NASDAQ:TCOM) Shares Acquired by Parallax Volatility Advisers L.P.

Parallax Volatility Advisers L.P. lifted its stake in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 131.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 33,789 shares of the company's stock after buying an additional 19,184 shares during the quarter. Parallax Volatility Advisers L.P.'s holdings in Trip.com Group were worth $2,008,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in TCOM. GSA Capital Partners LLP acquired a new position in shares of Trip.com Group in the 3rd quarter valued at $384,000. LMR Partners LLP acquired a new position in Trip.com Group in the 3rd quarter valued at about $18,435,000. Atlas Capital Advisors LLC grew its stake in shares of Trip.com Group by 115.7% in the 2nd quarter. Atlas Capital Advisors LLC now owns 3,628 shares of the company's stock valued at $171,000 after purchasing an additional 1,946 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Trip.com Group by 85.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 395,054 shares of the company's stock valued at $23,478,000 after purchasing an additional 182,403 shares during the period. Finally, Central Asset Investments & Management Holdings HK Ltd purchased a new stake in shares of Trip.com Group during the third quarter worth approximately $2,615,000. 35.41% of the stock is currently owned by hedge funds and other institutional investors.

Trip.com Group Trading Up 2.8 %

Shares of TCOM stock traded up $1.86 during mid-day trading on Friday, reaching $69.07. The company's stock had a trading volume of 4,368,672 shares, compared to its average volume of 4,026,708. Trip.com Group Limited has a 12-month low of $32.66 and a 12-month high of $69.67. The firm has a market capitalization of $44.49 billion, a PE ratio of 20.68, a price-to-earnings-growth ratio of 1.03 and a beta of 0.38. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.14. The company's 50 day simple moving average is $63.79 and its 200-day simple moving average is $53.18.

Analysts Set New Price Targets

TCOM has been the subject of a number of research analyst reports. TD Cowen increased their target price on shares of Trip.com Group from $56.00 to $71.00 and gave the company a "buy" rating in a report on Tuesday, November 19th. Benchmark lifted their price target on Trip.com Group from $72.00 to $80.00 and gave the stock a "buy" rating in a research note on Tuesday, November 19th. StockNews.com raised shares of Trip.com Group from a "hold" rating to a "buy" rating in a research note on Wednesday, November 20th. Barclays lifted their target price 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, Citigroup increased their target price on Trip.com Group from $66.00 to $72.00 and gave the company a "buy" rating in a report on Thursday, October 10th. Eleven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Trip.com Group presently has an average rating of "Buy" and an average target price of $74.18.

About Trip.com Group

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.