Empowered Funds LLC Invests $136,000 in Trip.com Group Limited (NASDAQ:TCOM)

Empowered Funds LLC purchased a new position in Trip.com Group Limited (NASDAQ:TCOM) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,984 shares of the company’s stock, valued at approximately $136,000.

A number of other large investors have also recently made changes to their positions in TCOM. Brooklyn Investment Group bought a new stake in Trip.com Group during the fourth quarter valued at $25,000. RPg Family Wealth Advisory LLC bought a new stake in Trip.com Group during the third quarter valued at $38,000. M&T Bank Corp bought a new stake in Trip.com Group during the third quarter valued at $224,000. Atria Investments Inc bought a new stake in Trip.com Group during the third quarter valued at $232,000. Finally, Aaron Wealth Advisors LLC bought a new stake in Trip.com Group during the fourth quarter valued at $232,000. 35.41% of the stock is owned by institutional investors.

Trip.com Group Stock Up 1.4 %

TCOM opened at $67.02 on Friday. The firm has a 50-day simple moving average of $68.78 and a two-hundred day simple moving average of $61.25. Trip.com Group Limited has a 52 week low of $38.23 and a 52 week high of $77.18. The company has a market capitalization of $43.17 billion, a PE ratio of 20.07, a price-to-earnings-growth ratio of 0.67 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.

Wall Street Analysts Forecast Growth

TCOM has been the subject of several research analyst reports. Sanford C. Bernstein initiated coverage on Trip.com Group in a research note on Monday, November 4th. They set an “outperform” rating and a $85.00 price target for the company. Citigroup lifted their price target on Trip.com Group from $73.00 to $78.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. HSBC raised Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a research note on Tuesday, November 19th. Barclays lifted their price target on Trip.com Group from $76.00 to $84.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th. Finally, Benchmark reaffirmed a “buy” rating and set a $80.00 price target on shares of Trip.com Group in a research note on Tuesday, January 14th. Ten investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Trip.com Group currently has an average rating of “Buy” and an average price target of $77.31.

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.