Polymer Capital Management HK LTD Acquires 117,436 Shares of Trip.com Group Limited (NASDAQ:TCOM)

Polymer Capital Management HK LTD boosted its holdings in shares of Trip.com Group Limited (NASDAQ:TCOM) by 424.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 145,098 shares of the company’s stock after acquiring an additional 117,436 shares during the quarter. Trip.com Group accounts for about 2.0% of Polymer Capital Management HK LTD’s portfolio, making the stock its 10th largest position. Polymer Capital Management HK LTD’s holdings in Trip.com Group were worth $8,623,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. RPg Family Wealth Advisory LLC bought a new stake in shares of Trip.com Group in the third quarter worth $38,000. Fifth Third Bancorp increased its stake in shares of Trip.com Group by 1,188.0% in the second quarter. Fifth Third Bancorp now owns 1,069 shares of the company’s stock valued at $50,000 after buying an additional 986 shares during the period. Benjamin F. Edwards & Company Inc. lifted its stake 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 worth $55,000 after acquiring an additional 489 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Trip.com Group in the second quarter valued at approximately $66,000. Finally, Whittier Trust Co. of Nevada Inc. acquired a new stake in Trip.com Group during the 2nd quarter valued at approximately $74,000. 35.41% of the stock is currently owned by institutional investors and hedge funds.

Trip.com Group Stock Up 4.3 %

Trip.com Group stock opened at $68.03 on Wednesday. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.14. The firm’s fifty day moving average price is $63.26 and its two-hundred day moving average price is $52.99. The firm has a market capitalization of $43.82 billion, a price-to-earnings ratio of 20.37, a price-to-earnings-growth ratio of 0.98 and a beta of 0.38. Trip.com Group Limited has a 1-year low of $32.42 and a 1-year high of $69.67.

Analyst Ratings Changes

TCOM has been the topic of a number of recent analyst reports. HSBC upgraded shares of Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a research report on Tuesday, November 19th. Barclays boosted their price objective on Trip.com Group from $76.00 to $84.00 and gave the company an “overweight” rating in a research note on Wednesday, November 20th. Sanford C. Bernstein assumed coverage on Trip.com Group in a research note on Monday, November 4th. They set an “outperform” rating and a $85.00 target price for the company. Citigroup boosted their price target on Trip.com Group from $66.00 to $72.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Finally, Mizuho raised their price objective on shares of Trip.com Group from $65.00 to $78.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Eleven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Trip.com Group presently has an average rating of “Buy” and a consensus target price of $74.18.

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.