Y Intercept Hong Kong Ltd Takes $1.37 Million Position in Trip.com Group Limited (NASDAQ:TCOM)

Y Intercept Hong Kong Ltd acquired a new stake in Trip.com Group Limited (NASDAQ:TCOM) in the 4th quarter, Holdings Channel reports. The firm acquired 19,977 shares of the company’s stock, valued at approximately $1,372,000.

Several other hedge funds also recently modified their holdings of TCOM. Creative Planning increased its stake in Trip.com Group by 1.7% during the 3rd quarter. Creative Planning now owns 25,622 shares of the company’s stock valued at $1,523,000 after purchasing an additional 423 shares in the last quarter. Raymond James & Associates increased its stake in Trip.com Group by 9.1% during the 3rd quarter. Raymond James & Associates now owns 40,998 shares of the company’s stock valued at $2,437,000 after purchasing an additional 3,425 shares in the last quarter. China Universal Asset Management Co. Ltd. increased its stake in Trip.com Group by 31.9% during the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 63,199 shares of the company’s stock valued at $3,756,000 after purchasing an additional 15,299 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. increased its stake in Trip.com Group by 79.2% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 33,062 shares of the company’s stock valued at $1,965,000 after purchasing an additional 14,612 shares in the last quarter. Finally, New York State Common Retirement Fund increased its stake in Trip.com Group by 155.1% during the 3rd quarter. New York State Common Retirement Fund now owns 1,145,863 shares of the company’s stock valued at $68,099,000 after purchasing an additional 696,766 shares in the last quarter. Institutional investors own 35.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. 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. StockNews.com upgraded shares of Trip.com Group from a “hold” rating to a “buy” rating in a research note on Wednesday, November 20th. Citigroup boosted their price target on shares of Trip.com Group from $73.00 to $78.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. HSBC raised shares of Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a report on Tuesday, November 19th. Finally, Sanford C. Bernstein assumed coverage on shares of Trip.com Group in a report on Monday, November 4th. They set an “outperform” rating and a $85.00 price objective on the stock. Ten equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Trip.com Group presently has a consensus rating of “Buy” and an average target price of $77.31.

Trip.com Group Price Performance

Shares of NASDAQ:TCOM opened at $57.30 on Wednesday. The company’s 50-day moving average is $68.27 and its 200 day moving average is $61.66. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.42 and a current ratio of 1.42. The company has a market capitalization of $36.91 billion, a P/E ratio of 17.16, a price-to-earnings-growth ratio of 0.67 and a beta of 0.37. Trip.com Group Limited has a fifty-two week low of $38.23 and a fifty-two week high of $77.18.

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.