Denali Advisors LLC Acquires New Position in Trip.com Group Limited (NASDAQ:TCOM)

Denali Advisors LLC purchased a new stake in Trip.com Group Limited (NASDAQ:TCOM) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 59,688 shares of the company’s stock, valued at approximately $4,098,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of TCOM. Y Intercept Hong Kong Ltd bought a new position in shares of Trip.com Group in the fourth quarter worth $1,372,000. Capital Advisory Group Advisory Services LLC purchased a new position in Trip.com Group during the fourth quarter worth about $381,000. Private Advisor Group LLC increased its stake in Trip.com Group by 2.8% in the 4th quarter. Private Advisor Group LLC now owns 16,272 shares of the company’s stock worth $1,117,000 after acquiring an additional 440 shares during the last quarter. Alberta Investment Management Corp increased its stake in Trip.com Group by 70.9% in the 4th quarter. Alberta Investment Management Corp now owns 200,651 shares of the company’s stock worth $13,777,000 after acquiring an additional 83,233 shares during the last quarter. Finally, Principal Financial Group Inc. raised its holdings in shares of Trip.com Group by 87.9% in the 4th quarter. Principal Financial Group Inc. now owns 246,953 shares of the company’s stock valued at $16,956,000 after acquiring an additional 115,546 shares in the last quarter. 35.41% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

TCOM has been the subject of several recent analyst reports. Barclays boosted their price objective on Trip.com Group from $76.00 to $84.00 and gave the stock an “overweight” rating in a report on Wednesday, November 20th. TD Cowen boosted their price target 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. Mizuho increased their price target on shares of Trip.com Group from $65.00 to $78.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Benchmark reaffirmed a “buy” rating and set a $80.00 price objective on shares of Trip.com Group in a report on Tuesday. Finally, HSBC upgraded 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 report on Tuesday, November 19th. Ten equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $77.31.

Trip.com Group Price Performance

Shares of NASDAQ:TCOM opened at $57.30 on Wednesday. The company’s fifty day moving average is $68.27 and its 200 day moving average is $61.66. Trip.com Group Limited has a 52 week low of $38.23 and a 52 week high of $77.18. The stock has a market cap of $36.91 billion, a PE ratio of 17.16, a PEG 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.

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.