Point72 Hong Kong Ltd Boosts Holdings in Trip.com Group Limited (NASDAQ:TCOM)

Point72 Hong Kong Ltd grew its holdings in Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 22.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 281,779 shares of the company's stock after purchasing an additional 52,102 shares during the period. Trip.com Group makes up about 1.1% of Point72 Hong Kong Ltd's portfolio, making the stock its 22nd biggest position. Point72 Hong Kong Ltd's holdings in Trip.com Group were worth $16,746,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in TCOM. Swedbank AB acquired a new position in shares of Trip.com Group in the first quarter worth approximately $8,891,000. Cetera Advisors LLC bought a new stake in Trip.com Group during the 1st quarter valued at $432,000. Hilltop National Bank boosted its stake in Trip.com Group by 322.1% during the 2nd quarter. Hilltop National Bank now owns 1,148 shares of the company's stock valued at $54,000 after purchasing an additional 876 shares during the last quarter. CWM LLC increased its holdings in Trip.com Group by 13.5% during the 2nd quarter. CWM LLC now owns 2,107 shares of the company's stock worth $99,000 after purchasing an additional 251 shares in the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of Trip.com Group in the second quarter worth approximately $867,000. 35.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Macquarie lifted their target price on Trip.com Group from $75.40 to $80.80 and gave the company an "outperform" rating in a research report on Wednesday, November 20th. 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 note on Tuesday, November 19th. Mizuho lifted their price target on Trip.com Group from $65.00 to $78.00 and gave the stock an "outperform" rating in a report on Tuesday, November 12th. Hsbc Global Res upgraded Trip.com Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, November 19th. Finally, Citigroup lifted their target price on Trip.com Group from $66.00 to $72.00 and gave the stock a "buy" rating in a research note on Thursday, October 10th. Eleven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Trip.com Group has a consensus rating of "Buy" and a consensus price target of $74.18.

Trip.com Group Price Performance

Shares of Trip.com Group stock traded up $0.85 during trading on Friday, hitting $64.65. 2,559,444 shares of the stock traded hands, compared to its average volume of 3,261,494. The firm's fifty day moving average is $62.64 and its 200-day moving average is $52.87. The stock has a market cap of $41.64 billion, a price-to-earnings ratio of 19.36, a PEG ratio of 0.97 and a beta of 0.39. Trip.com Group Limited has a 52 week low of $32.42 and a 52 week high of $69.67. 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.