19,977 Shares in Trip.com Group Limited (NASDAQ:TCOM) Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd purchased a new position in shares of Trip.com Group Limited (NASDAQ:TCOM) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 19,977 shares of the company’s stock, valued at approximately $1,372,000.

Other hedge funds have also bought and sold shares of the company. Brooklyn Investment Group acquired a new stake in Trip.com Group during the fourth quarter worth about $25,000. Principal Securities Inc. grew its stake in Trip.com Group by 46.8% during the fourth quarter. Principal Securities Inc. now owns 530 shares of the company’s stock worth $36,000 after buying an additional 169 shares in the last quarter. RPg Family Wealth Advisory LLC acquired a new stake in Trip.com Group during the third quarter worth about $38,000. Empowered Funds LLC acquired a new stake in Trip.com Group during the fourth quarter worth about $136,000. Finally, Aaron Wealth Advisors LLC acquired a new stake in Trip.com Group during the fourth quarter worth about $232,000. 35.41% of the stock is owned by institutional investors.

Trip.com Group Stock Down 11.4 %

NASDAQ:TCOM opened at $57.30 on Wednesday. The firm’s 50 day simple moving average is $68.27 and its 200 day simple moving average is $61.66. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.42 and a quick ratio of 1.42. Trip.com Group Limited has a one year low of $38.23 and a one year high of $77.18. The company has a market cap of $36.91 billion, a PE ratio of 17.16, a P/E/G ratio of 0.67 and a beta of 0.37.

Analyst Upgrades and Downgrades

TCOM has been the topic of a number of analyst reports. Hsbc Global Res upgraded shares of Trip.com Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 19th. Citigroup increased their price objective on shares of Trip.com Group from $73.00 to $78.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. Barclays raised their price target on shares of Trip.com Group from $76.00 to $84.00 and gave the company an “overweight” rating in a research note on Wednesday, November 20th. Macquarie raised their price target on shares of Trip.com Group from $75.40 to $80.80 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Finally, Sanford C. Bernstein assumed coverage on shares of Trip.com Group in a research note on Monday, November 4th. They issued an “outperform” rating and a $85.00 price target on the stock. Ten investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $77.31.

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.