60,014 Shares in Trip.com Group Limited (NASDAQ:TCOM) Bought by Trivest Advisors Ltd

Trivest Advisors Ltd bought a new position in Trip.com Group Limited (NASDAQ:TCOM) in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 60,014 shares of the company’s stock, valued at approximately $2,128,000. Trip.com Group comprises 0.2% of Trivest Advisors Ltd’s portfolio, making the stock its 19th largest position.

A number of other hedge funds have also recently modified their holdings of TCOM. OLD Mission Capital LLC purchased a new position in Trip.com Group in the 3rd quarter worth $561,000. Comerica Bank raised its stake in Trip.com Group by 3.1% in the 1st quarter. Comerica Bank now owns 45,188 shares of the company’s stock worth $1,742,000 after acquiring an additional 1,359 shares during the last quarter. Envestnet Asset Management Inc. grew its position in Trip.com Group by 11.9% during the 1st quarter. Envestnet Asset Management Inc. now owns 42,303 shares of the company’s stock worth $1,676,000 after purchasing an additional 4,485 shares during the period. Natixis Advisors L.P. grew its position in Trip.com Group by 15.6% during the 1st quarter. Natixis Advisors L.P. now owns 27,805 shares of the company’s stock worth $1,101,000 after purchasing an additional 3,746 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in Trip.com Group by 13.8% during the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 112,777 shares of the company’s stock worth $4,469,000 after purchasing an additional 13,684 shares during the period. Institutional investors own 69.03% of the company’s stock.

Shares of NASDAQ:TCOM traded down $0.06 during trading on Friday, reaching $28.55. 139,328 shares of the company’s stock traded hands, compared to its average volume of 5,073,931. Trip.com Group Limited has a fifty-two week low of $23.61 and a fifty-two week high of $45.19. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.23. The firm has a market cap of $17.12 billion, a PE ratio of 29.80 and a beta of 1.30. The company has a 50-day simple moving average of $28.18 and a 200-day simple moving average of $34.92.

Several brokerages have weighed in on TCOM. Zacks Investment Research raised Trip.com Group from a “sell” rating to a “hold” rating in a research report on Wednesday. BTIG Research reaffirmed a “hold” rating on shares of Trip.com Group in a research report on Wednesday, June 23rd. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, Trip.com Group currently has a consensus rating of “Buy” and an average target price of $43.77.

About Trip.com Group

Trip.com Group Ltd. engages in the provision of travel-related services. It provides hotel accommodations, airline tickets, packaged tours, corporate travel management services, property management systems and advertising services. The company was founded by Jian Zhang Liang, Min Fan, Nan Peng Shen and Qi Ji in June 1999 and is headquartered in Shanghai, China.

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Institutional Ownership by Quarter for Trip.com Group (NASDAQ:TCOM)

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