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% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,000 shares of the company’s stock after purchasing an additional 6,000 shares during the quarter. Trip.com Group accounts for approximately 0.3% of BOCHK Asset Management Ltd’s portfolio, making the stock its 25th largest position. BOCHK Asset Management Ltd’s holdings in Trip.com Group were worth $893,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. SteelPeak Wealth LLC bought a new stake in shares of Trip.com Group in the 4th quarter worth $264,000. KBC Group NV grew its stake in shares of Trip.com Group by 7.5% in the 4th quarter. KBC Group NV now owns 134,978 shares of the company’s stock worth $9,268,000 after acquiring an additional 9,371 shares in the last quarter. Atomi Financial Group Inc. grew its stake in shares of Trip.com Group by 10.2% in the 4th quarter. Atomi Financial Group Inc. now owns 7,575 shares of the company’s stock worth $520,000 after acquiring an additional 703 shares in the last quarter. Diversify Wealth Management LLC bought a new stake in shares of Trip.com Group in the 4th quarter worth $575,000. Finally, Aaron Wealth Advisors LLC bought a new stake in shares of Trip.com Group in the 4th quarter worth $232,000. Institutional investors own 35.41% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. TD Cowen upped their target price on shares of Trip.com Group from $56.00 to $71.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. 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. Macquarie upped their target price on shares of Trip.com Group from $75.40 to $80.80 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Sanford C. Bernstein started coverage on shares of Trip.com Group in a report on Monday, November 4th. They issued an “outperform” rating and a $85.00 price target on the stock. 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 report on Tuesday, November 19th. Eleven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Trip.com Group currently has a consensus rating of “Buy” and an average price target of $74.78.

Trip.com Group Price Performance

TCOM opened at $71.44 on Wednesday. The company has a market capitalization of $46.01 billion, a price-to-earnings ratio of 21.39, a PEG 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. The firm has a 50-day moving average price of $68.26 and a 200-day moving average price of $58.21. Trip.com Group Limited has a twelve month low of $35.90 and a twelve month 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.