Headwater Capital Co Ltd Acquires Shares of 200,000 Trip.com Group Limited (NASDAQ:TCOM)

Headwater Capital Co Ltd bought a new stake in shares of Trip.com Group Limited (NASDAQ:TCOM) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 200,000 shares of the company’s stock, valued at approximately $13,732,000. Trip.com Group accounts for 7.3% of Headwater Capital Co Ltd’s investment portfolio, making the stock its 7th largest position.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TCOM. RPg Family Wealth Advisory LLC acquired a new stake in shares of Trip.com Group in the 3rd quarter worth approximately $38,000. Benjamin F. Edwards & Company Inc. lifted its stake in shares of Trip.com Group by 72.3% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,165 shares of the company’s stock worth $55,000 after acquiring an additional 489 shares during the period. CWM LLC lifted its stake in shares of 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 acquiring an additional 220 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Trip.com Group by 101.1% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 3,173 shares of the company’s stock worth $189,000 after acquiring an additional 1,595 shares during the period. Finally, M&T Bank Corp acquired a new stake in shares of Trip.com Group in the 3rd quarter worth approximately $224,000. 35.41% of the stock is owned by institutional investors and hedge funds.

Trip.com Group Stock Down 2.7 %

Trip.com Group stock opened at $63.15 on Monday. 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 fifty-two week low of $34.42 and a fifty-two week high of $77.18. The company’s 50 day simple moving average is $67.51 and its 200 day simple moving average is $56.64. The firm has a market capitalization of $40.67 billion, a price-to-earnings ratio of 18.91, a PEG ratio of 1.10 and a beta of 0.37.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Mizuho increased their target price on shares of Trip.com Group from $65.00 to $78.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. 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. Sanford C. Bernstein assumed coverage on shares of Trip.com Group in a research note on Monday, November 4th. They issued an “outperform” rating and a $85.00 price objective on the stock. Barclays upped their price objective on shares of Trip.com Group from $76.00 to $84.00 and gave the company an “overweight” rating in a research note on Wednesday, November 20th. Finally, Benchmark upped their price objective on shares of Trip.com Group from $72.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Eleven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Trip.com Group currently has an average rating of “Buy” and an average price target of $74.78.

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.