Capstone Investment Advisors LLC Makes New $346,000 Investment in Trip.com Group Limited (NASDAQ:TCOM)

Capstone Investment Advisors LLC acquired a new stake in Trip.com Group Limited (NASDAQ:TCOM) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,823 shares of the company’s stock, valued at approximately $346,000.

A number of other hedge funds have also recently made changes to their positions in the business. RPg Family Wealth Advisory LLC purchased a new position in Trip.com Group in the 3rd quarter worth approximately $38,000. Fifth Third Bancorp lifted its holdings in shares of Trip.com Group by 1,188.0% in the second quarter. Fifth Third Bancorp now owns 1,069 shares of the company’s stock worth $50,000 after buying an additional 986 shares in the last quarter. Hilltop National Bank boosted its position in shares of Trip.com Group by 322.1% during the second quarter. Hilltop National Bank now owns 1,148 shares of the company’s stock worth $54,000 after acquiring an additional 876 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its stake in Trip.com Group by 72.3% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,165 shares of the company’s stock valued at $55,000 after acquiring an additional 489 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Trip.com Group in the 2nd quarter valued at $66,000. Institutional investors own 35.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on TCOM. Citigroup raised their price objective on Trip.com Group from $66.00 to $72.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Sanford C. Bernstein assumed coverage on Trip.com Group in a report on Monday, November 4th. They set an “outperform” rating and a $85.00 price target for the company. Benchmark upped their price objective on Trip.com Group from $72.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Macquarie raised their target price on shares of Trip.com Group from $75.40 to $80.80 and gave the company an “outperform” rating in a report on Wednesday, November 20th. Finally, HSBC raised shares of Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a research note on Tuesday, November 19th. Eleven 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 an average rating of “Buy” and an average target price of $74.18.

Trip.com Group Price Performance

TCOM stock opened at $64.65 on Friday. The stock has a market cap of $41.64 billion, a PE ratio of 19.36, a P/E/G ratio of 0.96 and a beta of 0.39. Trip.com Group Limited has a 12 month low of $32.42 and a 12 month high of $69.67. The company has a 50-day moving average price of $62.64 and a 200 day moving average price of $52.89. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.14.

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.