Stifel Financial Corp Acquires 2,678 Shares of Trip.com Group Limited (NASDAQ:TCOM)

Stifel Financial Corp boosted its stake in Trip.com Group Limited (NASDAQ:TCOM) by 18.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,200 shares of the company’s stock after acquiring an additional 2,678 shares during the period. Stifel Financial Corp’s holdings in Trip.com Group were worth $1,022,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. FMR LLC lifted its stake in shares of Trip.com Group by 32.8% in the 3rd quarter. FMR LLC now owns 11,123,783 shares of the company’s stock valued at $661,086,000 after purchasing an additional 2,749,365 shares during the period. Sanders Capital LLC boosted its holdings in shares of Trip.com Group by 34.7% during the 3rd quarter. Sanders Capital LLC now owns 9,566,403 shares of the company’s stock valued at $568,531,000 after buying an additional 2,462,767 shares in the last quarter. Aspex Management HK Ltd purchased a new stake in shares of Trip.com Group in the 3rd quarter worth about $128,962,000. ARGA Investment Management LP increased its stake in shares of Trip.com Group by 46.9% in the 3rd quarter. ARGA Investment Management LP now owns 5,899,404 shares of the company’s stock worth $350,602,000 after acquiring an additional 1,884,044 shares in the last quarter. Finally, 1832 Asset Management L.P. lifted its position in Trip.com Group by 4,800.0% during the 2nd quarter. 1832 Asset Management L.P. now owns 1,399,298 shares of the company’s stock valued at $65,767,000 after acquiring an additional 1,370,741 shares during the period. 35.41% of the stock is owned by hedge funds and other institutional investors.

Trip.com Group Stock Performance

Shares of NASDAQ TCOM opened at $73.02 on Tuesday. The firm’s 50-day moving average price is $65.68 and its 200-day moving average price is $54.74. Trip.com Group Limited has a 52-week low of $33.90 and a 52-week high of $77.18. The company has a market cap of $47.03 billion, a PE ratio of 21.86, a PEG ratio of 1.10 and a beta of 0.38. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.14.

Wall Street Analysts Forecast Growth

TCOM has been the subject of a number of analyst reports. HSBC raised shares of Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a research note on Tuesday, November 19th. TD Cowen raised their price objective on Trip.com Group from $56.00 to $71.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Mizuho boosted their target price on Trip.com Group from $65.00 to $78.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Barclays raised their price target on Trip.com Group from $76.00 to $84.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. Finally, 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. Eleven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Trip.com Group presently has a consensus rating of “Buy” and a consensus target price of $74.18.

Trip.com Group Company Profile

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.