Capstone Investment Advisors LLC Invests $346,000 in Trip.com Group Limited (NASDAQ:TCOM)

Capstone Investment Advisors LLC purchased a new position in Trip.com Group Limited (NASDAQ:TCOM) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,823 shares of the company’s stock, valued at approximately $346,000.

Several other institutional investors also recently added to or reduced their stakes in TCOM. CWM LLC boosted its position in Trip.com Group by 10.4% in the 3rd quarter. CWM LLC now owns 2,327 shares of the company’s stock valued at $138,000 after buying an additional 220 shares during the period. QRG Capital Management Inc. raised its position in Trip.com Group by 2.6% during the 2nd quarter. QRG Capital Management Inc. now owns 13,772 shares of the company’s stock valued at $647,000 after purchasing an additional 344 shares in the last quarter. Creative Planning increased its stake in shares of Trip.com Group by 1.7% during the third quarter. Creative Planning now owns 25,622 shares of the company’s stock valued at $1,523,000 after buying an additional 423 shares during the period. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Trip.com Group by 4.2% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 10,647 shares of the company’s stock valued at $500,000 after acquiring an additional 431 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. lifted its stake in Trip.com Group by 72.3% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,165 shares of the company’s stock worth $55,000 after acquiring an additional 489 shares during the period. Hedge funds and other institutional investors own 35.41% of the company’s stock.

Trip.com Group Stock Up 1.3 %

TCOM stock opened at $64.65 on Friday. The stock has a market capitalization of $41.64 billion, a PE ratio of 19.36, a price-to-earnings-growth ratio of 0.96 and a beta of 0.39. Trip.com Group Limited has a 52 week low of $32.42 and a 52 week high of $69.67. 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 of $62.64 and a 200 day moving average of $52.89.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on TCOM shares. Benchmark boosted their price target on shares of Trip.com Group from $72.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Citigroup boosted their price objective on shares of Trip.com Group from $66.00 to $72.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Hsbc Global Res raised Trip.com Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 19th. Barclays boosted their price target on Trip.com Group from $76.00 to $84.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. Finally, StockNews.com upgraded Trip.com Group from a “hold” rating to a “buy” rating in a research note on Wednesday, November 20th. Eleven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $74.18.

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.