99,310 Shares in Trip.com Group Limited Sponsored ADR $TCOM Bought by TB Alternative Assets Ltd.

TB Alternative Assets Ltd. purchased a new position in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 99,310 shares of the company’s stock, valued at approximately $7,468,000. Trip.com Group accounts for about 1.1% of TB Alternative Assets Ltd.’s portfolio, making the stock its 21st biggest holding.

A number of other hedge funds have also modified their holdings of the company. Advisory Services Network LLC raised its stake in shares of Trip.com Group by 2.1% in the second quarter. Advisory Services Network LLC now owns 8,438 shares of the company’s stock worth $523,000 after purchasing an additional 176 shares during the last quarter. Legacy Wealth Asset Management LLC increased its holdings in Trip.com Group by 2.1% in the 2nd quarter. Legacy Wealth Asset Management LLC now owns 8,934 shares of the company’s stock worth $524,000 after buying an additional 184 shares during the period. Frank Rimerman Advisors LLC raised its position in Trip.com Group by 1.7% during the 2nd quarter. Frank Rimerman Advisors LLC now owns 10,958 shares of the company’s stock worth $643,000 after buying an additional 185 shares during the last quarter. Blair William & Co. IL raised its position in Trip.com Group by 3.9% during the 2nd quarter. Blair William & Co. IL now owns 5,398 shares of the company’s stock worth $317,000 after buying an additional 205 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in Trip.com Group by 44.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 701 shares of the company’s stock valued at $41,000 after acquiring an additional 215 shares during the period. 35.41% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on TCOM shares. Barclays increased their price objective on shares of Trip.com Group from $85.00 to $90.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 19th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Trip.com Group in a report on Monday, December 22nd. Citigroup lifted their price objective on Trip.com Group from $85.00 to $86.00 and gave the company a “buy” rating in a research note on Wednesday, November 19th. Benchmark boosted their price objective on Trip.com Group from $80.00 to $82.00 and gave the company a “buy” rating in a report on Tuesday, November 18th. Finally, Bank of America raised their target price on Trip.com Group from $83.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday, November 20th. One equities research analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the stock. According to data from MarketBeat.com, Trip.com Group has an average rating of “Buy” and a consensus price target of $81.25.

Trip.com Group Trading Up 0.4%

Shares of Trip.com Group stock opened at $72.50 on Friday. The firm has a 50-day simple moving average of $71.40 and a two-hundred day simple moving average of $68.06. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.48 and a current ratio of 1.48. Trip.com Group Limited Sponsored ADR has a fifty-two week low of $51.35 and a fifty-two week high of $78.65. The company has a market cap of $47.36 billion, a P/E ratio of 11.60, a price-to-earnings-growth ratio of 1.98 and a beta of -0.13.

Trip.com Group Profile

Trip.com Group (NASDAQ: TCOM) is a China-based online travel services company that provides a broad range of consumer and business travel products. The company operates consumer-facing travel platforms and mobile apps that enable users to search, book and manage hotel reservations, airline tickets, packaged tours, rail travel, car rentals, airport transfers and local activities. It also offers corporate travel management and B2B solutions that support travel suppliers and downstream distribution partners.

Headquartered in Shanghai, Trip.com Group serves customers across China and increasingly in international markets through a portfolio of brands and global distribution channels.