3,851 Shares in Trip.com Group Limited (NASDAQ:TCOM) Purchased by SteelPeak Wealth LLC

SteelPeak Wealth LLC acquired a new stake in shares of Trip.com Group Limited (NASDAQ:TCOM) during the fourth quarter, Holdings Channel reports. The firm acquired 3,851 shares of the company’s stock, valued at approximately $264,000.

Several other large investors also recently modified their holdings of TCOM. CWM LLC grew its position in shares of 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 acquiring an additional 220 shares during the period. Brooklyn Investment Group acquired a new stake in Trip.com Group in the 4th quarter valued at about $25,000. Creative Planning grew its holdings in Trip.com Group by 1.7% during the third quarter. Creative Planning now owns 25,622 shares of the company’s stock worth $1,523,000 after purchasing an additional 423 shares during the period. RPg Family Wealth Advisory LLC acquired a new position in Trip.com Group during the third quarter worth approximately $38,000. Finally, QRG Capital Management Inc. increased its position in Trip.com Group by 5.0% during the third quarter. QRG Capital Management Inc. now owns 14,465 shares of the company’s stock worth $860,000 after buying an additional 693 shares during the last quarter. 35.41% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on TCOM. Benchmark reiterated a “buy” rating and set a $80.00 target price on shares of Trip.com Group in a research note on Tuesday, January 14th. Mizuho upped their price objective on shares of Trip.com Group from $65.00 to $78.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. 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 note on Tuesday, November 19th. Barclays increased 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, Macquarie boosted their price objective on Trip.com Group from $75.40 to $80.80 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Eleven analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $74.78.

Trip.com Group Stock Performance

NASDAQ:TCOM opened at $70.17 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.42 and a current ratio of 1.42. Trip.com Group Limited has a fifty-two week low of $35.94 and a fifty-two week high of $77.18. The company has a market cap of $45.20 billion, a price-to-earnings ratio of 21.01, a PEG ratio of 0.72 and a beta of 0.37. The stock has a fifty day moving average price of $68.55 and a 200-day moving average price of $58.40.

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.