Capital Advisory Group Advisory Services LLC Buys Shares of 5,546 Trip.com Group Limited (NASDAQ:TCOM)

Capital Advisory Group Advisory Services LLC bought a new position in Trip.com Group Limited (NASDAQ:TCOM) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 5,546 shares of the company’s stock, valued at approximately $381,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. abrdn plc grew its stake in shares of Trip.com Group by 0.5% during the 4th quarter. abrdn plc now owns 29,598 shares of the company’s stock worth $2,032,000 after acquiring an additional 150 shares in the last quarter. Principal Securities Inc. boosted its holdings 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 purchasing an additional 169 shares during the last quarter. Rhumbline Advisers grew its position in Trip.com Group by 1.6% in the fourth quarter. Rhumbline Advisers now owns 12,014 shares of the company’s stock valued at $825,000 after purchasing an additional 184 shares in the last quarter. CWM LLC increased its stake in 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 buying an additional 220 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new stake in Trip.com Group in the 4th quarter valued at $25,000. 35.41% of the stock is owned by institutional investors.

Trip.com Group Price Performance

Shares of TCOM opened at $66.11 on Friday. Trip.com Group Limited has a fifty-two week low of $38.23 and a fifty-two week high of $77.18. The firm has a market capitalization of $42.58 billion, a PE ratio of 19.79, a PEG ratio of 0.67 and a beta of 0.37. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.42 and a quick ratio of 1.42. The company’s 50-day moving average is $68.89 and its 200-day moving average is $60.93.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on TCOM. Sanford C. Bernstein assumed coverage on Trip.com Group in a report on Monday, November 4th. They issued an “outperform” rating and a $85.00 price objective for the company. StockNews.com upgraded Trip.com Group from a “hold” rating to a “buy” rating in a research note on Wednesday, November 20th. Mizuho increased their price objective on Trip.com Group from $65.00 to $78.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. HSBC raised 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. Finally, Citigroup upped their price target on shares of Trip.com Group from $73.00 to $78.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. Eleven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $74.78.

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.