Flow Traders U.S. LLC Invests $922,000 in Trip.com Group Limited (NASDAQ:TCOM)

Flow Traders U.S. LLC acquired a new stake in Trip.com Group Limited (NASDAQ:TCOM) in the 3rd quarter, Holdings Channel reports. The fund acquired 15,510 shares of the company’s stock, valued at approximately $922,000.

Other institutional investors also recently bought and sold shares of the company. RPg Family Wealth Advisory LLC purchased a new position in shares of Trip.com Group in the third quarter worth $38,000. Fifth Third Bancorp lifted its position in Trip.com Group by 1,188.0% during the 2nd quarter. Fifth Third Bancorp now owns 1,069 shares of the company’s stock worth $50,000 after acquiring an additional 986 shares during the period. Hilltop National Bank lifted its position in Trip.com Group by 322.1% during the 2nd quarter. Hilltop National Bank now owns 1,148 shares of the company’s stock worth $54,000 after acquiring an additional 876 shares during the period. Benjamin F. Edwards & Company Inc. increased its holdings in shares of 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 valued at $55,000 after purchasing an additional 489 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Trip.com Group in the second quarter worth about $66,000. 35.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on TCOM shares. HSBC upgraded Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a research report on Tuesday, November 19th. Benchmark upped their price objective 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. TD Cowen raised their target price on shares of Trip.com Group from $56.00 to $71.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Barclays upped their price target on shares of Trip.com Group from $76.00 to $84.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. Finally, Mizuho lifted their price objective on Trip.com Group from $65.00 to $78.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Eleven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $74.18.

Trip.com Group Price Performance

NASDAQ:TCOM opened at $65.25 on Tuesday. The stock has a market capitalization of $42.03 billion, a PE ratio of 19.54, a price-to-earnings-growth ratio of 0.97 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 stock’s 50-day moving average price is $62.64 and its 200-day moving average price is $52.85.

Trip.com Group 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.