Trip.com Group Limited (NASDAQ:TCOM) Shares Purchased by Point72 Hong Kong Ltd

Point72 Hong Kong Ltd increased its holdings in shares of Trip.com Group Limited (NASDAQ:TCOM) by 22.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 281,779 shares of the company’s stock after buying an additional 52,102 shares during the period. Trip.com Group comprises 1.1% of Point72 Hong Kong Ltd’s investment portfolio, making the stock its 22nd largest holding. Point72 Hong Kong Ltd’s holdings in Trip.com Group were worth $16,746,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. FMR LLC grew its stake in shares of Trip.com Group by 32.8% in the third quarter. FMR LLC now owns 11,123,783 shares of the company’s stock worth $661,086,000 after acquiring an additional 2,749,365 shares in the last quarter. Sanders Capital LLC grew its stake in Trip.com Group by 34.7% during the 3rd quarter. Sanders Capital LLC now owns 9,566,403 shares of the company’s stock worth $568,531,000 after purchasing an additional 2,462,767 shares in the last quarter. ARGA Investment Management LP increased its holdings in Trip.com Group by 46.9% during the 3rd quarter. ARGA Investment Management LP now owns 5,899,404 shares of the company’s stock worth $350,602,000 after purchasing an additional 1,884,044 shares during the period. 1832 Asset Management L.P. increased its holdings in Trip.com Group by 4,800.0% during the 2nd quarter. 1832 Asset Management L.P. now owns 1,399,298 shares of the company’s stock worth $65,767,000 after purchasing an additional 1,370,741 shares during the period. Finally, Wasatch Advisors LP acquired a new stake in Trip.com Group in the 3rd quarter valued at about $73,336,000. 35.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TCOM has been the subject of a number of analyst reports. Benchmark boosted their price objective on Trip.com Group from $72.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Mizuho boosted their price target on shares of 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 shares of Trip.com Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 19th. Sanford C. Bernstein assumed coverage on shares of Trip.com Group in a research report on Monday, November 4th. They set an “outperform” rating and a $85.00 price objective for the company. 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 research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Trip.com Group currently has an average rating of “Buy” and a consensus target price of $74.18.

Trip.com Group Stock Performance

Shares of TCOM stock opened at $64.65 on Friday. The stock’s 50-day moving average is $62.64 and its two-hundred day moving average is $52.87. 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 1 year low of $32.42 and a 1 year high of $69.67. The firm 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.

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.