Aspex Management HK Ltd Buys Shares of 2,169,975 Trip.com Group Limited (NASDAQ:TCOM)

Aspex Management HK Ltd bought a new stake in shares of Trip.com Group Limited (NASDAQ:TCOM) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,169,975 shares of the company’s stock, valued at approximately $128,962,000. Trip.com Group makes up approximately 3.4% of Aspex Management HK Ltd’s holdings, making the stock its 10th largest holding. Aspex Management HK Ltd owned 0.34% of Trip.com Group at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. CWM LLC raised its holdings in Trip.com Group by 10.4% during the third quarter. CWM LLC now owns 2,327 shares of the company’s stock valued at $138,000 after buying an additional 220 shares in the last quarter. QRG Capital Management Inc. raised its holdings in Trip.com Group by 2.6% during the second quarter. QRG Capital Management Inc. now owns 13,772 shares of the company’s stock valued at $647,000 after buying an additional 344 shares in the last quarter. Creative Planning raised 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 valued at $1,523,000 after buying an additional 423 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in Trip.com Group by 4.2% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 10,647 shares of the company’s stock valued at $500,000 after buying an additional 431 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. increased 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 purchasing an additional 489 shares during the period. 35.41% of the stock is currently owned by institutional investors.

Trip.com Group Stock Up 1.3 %

Shares of TCOM opened at $64.65 on Monday. The company has a market capitalization of $41.64 billion, a P/E ratio of 19.36, a PEG ratio of 0.97 and a beta of 0.39. 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 $32.42 and a one year high of $69.67. The business’s 50 day simple moving average is $62.64 and its 200-day simple moving average is $52.85.

Analyst Ratings Changes

A number of research firms have recently commented on TCOM. Barclays lifted their price objective on Trip.com Group from $76.00 to $84.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th. Sanford C. Bernstein began coverage on Trip.com Group in a research note on Monday, November 4th. They issued an “outperform” rating and a $85.00 price objective on the stock. TD Cowen lifted their target price on Trip.com Group from $56.00 to $71.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. HSBC raised 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. Finally, Citigroup lifted their target price on Trip.com Group from $66.00 to $72.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Eleven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $74.18.

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.