XY Capital Ltd Has $422,000 Holdings in Trip.com Group Limited (NASDAQ:TCOM)

XY Capital Ltd lessened its stake in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 98.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,139 shares of the company's stock after selling 319,549 shares during the quarter. Trip.com Group comprises about 0.2% of XY Capital Ltd's investment portfolio, making the stock its 24th biggest holding. XY Capital Ltd's holdings in Trip.com Group were worth $422,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. GSA Capital Partners LLP bought a new stake in Trip.com Group during the third quarter worth approximately $384,000. LMR Partners LLP bought a new stake in Trip.com Group during the third quarter worth approximately $18,435,000. Headwater Capital Co Ltd bought a new stake in Trip.com Group during the fourth quarter worth approximately $13,732,000. Massachusetts Financial Services Co. MA boosted its holdings in Trip.com Group by 85.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 395,054 shares of the company's stock worth $23,478,000 after buying an additional 182,403 shares in the last quarter. Finally, WT Asset Management Ltd boosted its holdings in Trip.com Group by 92.3% during the fourth quarter. WT Asset Management Ltd now owns 44,416 shares of the company's stock worth $3,050,000 after buying an additional 21,316 shares in the last quarter. Institutional investors and hedge funds own 35.41% of the company's stock.

Trip.com Group Stock Up 2.5 %

Shares of Trip.com Group stock traded up $1.68 on Thursday, hitting $69.74. 2,615,392 shares of the company traded hands, compared to its average volume of 2,499,605. The company has a 50-day moving average price of $69.33 and a 200 day moving average price of $59.96. 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 Limited has a 12-month low of $38.23 and a 12-month high of $77.18. The company has a market cap of $44.92 billion, a PE ratio of 20.88, a PEG ratio of 0.69 and a beta of 0.37.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on TCOM shares. StockNews.com upgraded shares of Trip.com Group from a "hold" rating to a "buy" rating in a report on Wednesday, November 20th. Hsbc Global Res raised shares of Trip.com Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, November 19th. TD Cowen raised their price objective on shares of Trip.com Group from $56.00 to $71.00 and gave the stock a "buy" rating in a research note on Tuesday, November 19th. Citigroup raised their price objective on shares of Trip.com Group from $73.00 to $78.00 and gave the stock a "buy" rating in a research note on Friday, January 3rd. Finally, Benchmark reaffirmed a "buy" rating and issued a $80.00 price objective on shares of Trip.com Group in a research note on Tuesday, January 14th. Eleven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $74.78.

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.