Lighthouse Investment Partners LLC lifted its stake in shares of Trip.com Group Limited (NASDAQ:TCOM – Free Report) by 186.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 30,969 shares of the company’s stock after buying an additional 20,169 shares during the quarter. Lighthouse Investment Partners LLC’s holdings in Trip.com Group were worth $1,456,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently modified their holdings of the stock. CWM LLC boosted its stake in Trip.com Group by 13.5% during the second quarter. CWM LLC now owns 2,107 shares of the company’s stock worth $99,000 after acquiring an additional 251 shares in the last quarter. Lindbrook Capital LLC boosted its position in shares of Trip.com Group by 11.4% during the 1st quarter. Lindbrook Capital LLC now owns 3,154 shares of the company’s stock worth $138,000 after purchasing an additional 323 shares in the last quarter. QRG Capital Management Inc. grew its stake in shares of Trip.com Group by 2.6% in the 2nd quarter. QRG Capital Management Inc. now owns 13,772 shares of the company’s stock valued at $647,000 after buying an additional 344 shares during the period. Diversified Trust Co increased its position in Trip.com Group by 1.5% in the 1st quarter. Diversified Trust Co now owns 24,686 shares of the company’s stock valued at $1,083,000 after buying an additional 375 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp raised its stake in Trip.com Group by 0.9% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 40,632 shares of the company’s stock worth $1,908,000 after buying an additional 375 shares during the period. Institutional investors own 35.41% of the company’s stock.
Trip.com Group Trading Up 8.2 %
Shares of Trip.com Group stock opened at $61.32 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.32 and a current ratio of 1.32. The stock has a market capitalization of $39.50 billion, a P/E ratio of 27.62 and a beta of 0.39. Trip.com Group Limited has a 52-week low of $31.55 and a 52-week high of $61.65. The stock’s 50-day simple moving average is $45.45 and its 200 day simple moving average is $48.14.
Analyst Upgrades and Downgrades
TCOM has been the subject of several recent research reports. TD Cowen decreased their price objective on Trip.com Group from $63.00 to $56.00 and set a “buy” rating for the company in a report on Tuesday, August 27th. StockNews.com downgraded Trip.com Group from a “buy” rating to a “hold” rating in a research note on Tuesday, August 13th. Finally, Benchmark reissued a “buy” rating and set a $72.00 price objective on shares of Trip.com Group in a report on Tuesday, August 27th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $62.50.
Read Our Latest Stock Analysis on TCOM
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.
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