Point72 Asset Management L.P. Takes Position in Trip.com Group Limited (NASDAQ:TCOM)
Point72 Asset Management L.P. bought a new stake in Trip.com Group Limited (NASDAQ:TCOM) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 379,258 shares of the company’s stock, valued at approximately $12,720,000. Point72 Asset Management L.P. owned about 0.07% of Trip.com Group as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also made changes to their positions in TCOM. Baillie Gifford & Co. acquired a new position in Trip.com Group in the 4th quarter valued at about $1,541,210,000. FIL Ltd acquired a new stake in Trip.com Group during the 4th quarter worth approximately $421,412,000. Mitsubishi UFJ Trust & Banking Corp purchased a new position in shares of Trip.com Group in the 4th quarter valued at approximately $244,190,000. Pictet Asset Management Ltd. purchased a new position in shares of Trip.com Group in the 4th quarter valued at approximately $162,429,000. Finally, Sands Capital Management LLC purchased a new position in shares of Trip.com Group in the 4th quarter valued at approximately $129,059,000. Institutional investors and hedge funds own 65.52% of the company’s stock.
Shares of Trip.com Group stock traded up $0.94 during trading on Thursday, reaching $25.02. The company’s stock had a trading volume of 8,906,698 shares, compared to its average volume of 8,130,220. The company has a quick ratio of 1.02, a current ratio of 0.98 and a debt-to-equity ratio of 0.19. Trip.com Group Limited has a 12-month low of $20.10 and a 12-month high of $46.50. The firm has a market capitalization of $13.01 billion, a P/E ratio of 15.16, a P/E/G ratio of 4.58 and a beta of 1.64. The business’s 50 day simple moving average is $29.72.
Several equities research analysts have recently commented on TCOM shares. TheStreet upgraded Trip.com Group from a “d+” rating to a “c” rating in a research note on Monday, December 16th. ValuEngine upgraded shares of Trip.com Group from a “sell” rating to a “hold” rating in a research report on Friday, January 24th. Barclays reissued a “buy” rating and issued a $32.00 price objective on shares of Trip.com Group in a research note on Monday. Sanford C. Bernstein cut shares of Trip.com Group from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $43.00 to $39.00 in a research note on Tuesday, January 21st. Finally, Nomura restated a “hold” rating and set a $24.80 price objective on shares of Trip.com Group in a research report on Monday. Eight research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $33.76.
Trip.com Group Company Profile
Trip.com Group Limited operates as a travel service provider for accommodation reservation, transportation ticketing, packaged tours, and corporate travel management in China. The company acts as an agent for hotel-related transactions and selling air tickets; and provides other related services, including sale of aviation and train insurance, air-ticket delivery services, online check-in, and other value-added services, such as online seat selection, express security check, and real-time flight status.
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