BOCHK Asset Management Ltd Acquires 6,000 Shares of Trip.com Group Limited (NASDAQ:TCOM)

BOCHK Asset Management Ltd raised its holdings in shares of Trip.com Group Limited (NASDAQ:TCOM) by 85.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,000 shares of the company’s stock after acquiring an additional 6,000 shares during the quarter. Trip.com Group comprises approximately 0.3% of BOCHK Asset Management Ltd’s portfolio, making the stock its 25th biggest holding. BOCHK Asset Management Ltd’s holdings in Trip.com Group were worth $893,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of TCOM. Brooklyn Investment Group bought a new stake in Trip.com Group during the 4th quarter valued at $25,000. RPg Family Wealth Advisory LLC bought a new stake in Trip.com Group during the 3rd quarter valued at $38,000. CWM LLC raised its holdings in Trip.com Group by 10.4% during the 3rd quarter. CWM LLC now owns 2,327 shares of the company’s stock valued at $138,000 after acquiring an additional 220 shares during the period. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Trip.com Group by 101.1% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 3,173 shares of the company’s stock worth $189,000 after purchasing an additional 1,595 shares during the period. Finally, M&T Bank Corp bought a new position in shares of Trip.com Group in the third quarter worth $224,000. Institutional investors own 35.41% of the company’s stock.

Trip.com Group Stock Up 2.1 %

TCOM opened at $71.44 on Wednesday. The stock has a market cap of $46.01 billion, a PE ratio of 21.39, a P/E/G ratio of 0.93 and a beta of 0.37. 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 52 week low of $35.90 and a 52 week high of $77.18. The business’s fifty day simple moving average is $68.26 and its 200 day simple moving average is $58.21.

Wall Street Analysts Forecast Growth

TCOM has been the topic of several research analyst reports. Citigroup upped their price target on shares of Trip.com Group from $73.00 to $78.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. Macquarie upped their price target on shares of Trip.com Group from $75.40 to $80.80 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. StockNews.com raised shares of Trip.com Group from a “hold” rating to a “buy” rating in a report on Wednesday, November 20th. Benchmark reaffirmed a “buy” rating and issued a $80.00 price target on shares of Trip.com Group in a report on Tuesday, January 14th. Finally, Barclays upped their price target on shares of Trip.com Group from $76.00 to $84.00 and gave the stock an “overweight” rating in a report on Wednesday, November 20th. Eleven 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, the company 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.