Brilliance Asset Management Ltd. Raises Stock Position in Trip.com Group Limited (NASDAQ:TCOM)

Brilliance Asset Management Ltd. boosted its holdings in Trip.com Group Limited (NASDAQ:TCOM) by 433.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,904,603 shares of the company’s stock after purchasing an additional 1,547,659 shares during the period. Trip.com Group comprises approximately 14.8% of Brilliance Asset Management Ltd.’s portfolio, making the stock its 3rd largest holding. Brilliance Asset Management Ltd.’s holdings in Trip.com Group were worth $68,585,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in TCOM. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Trip.com Group by 90.4% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 952 shares of the company’s stock valued at $34,000 after purchasing an additional 452 shares during the last quarter. Parallel Advisors LLC raised its position in shares of Trip.com Group by 14.5% in the 4th quarter. Parallel Advisors LLC now owns 3,396 shares of the company’s stock worth $122,000 after purchasing an additional 430 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in Trip.com Group by 10.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 4,102 shares of the company’s stock worth $143,000 after purchasing an additional 402 shares in the last quarter. West Family Investments Inc. bought a new position in Trip.com Group in the 4th quarter worth about $204,000. Finally, Lester Murray Antman dba SimplyRich purchased a new stake in Trip.com Group during the 4th quarter valued at about $210,000. 35.41% of the stock is currently owned by hedge funds and other institutional investors.

Trip.com Group Trading Down 1.2 %

Shares of NASDAQ:TCOM traded down $0.65 during midday trading on Friday, reaching $51.40. 1,944,158 shares of the company’s stock were exchanged, compared to its average volume of 4,108,911. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.15 and a quick ratio of 1.15. The stock has a market cap of $33.11 billion, a price-to-earnings ratio of 23.15 and a beta of 0.44. The firm’s 50 day simple moving average is $51.33 and its two-hundred day simple moving average is $43.01. Trip.com Group Limited has a fifty-two week low of $31.55 and a fifty-two week high of $58.00.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Barclays increased their target price on Trip.com Group from $60.00 to $76.00 and gave the company an “overweight” rating in a research note on Wednesday, May 22nd. HSBC lifted their price objective on Trip.com Group from $50.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, April 12th. StockNews.com raised shares of Trip.com Group from a “hold” rating to a “buy” rating in a report on Wednesday, May 22nd. TD Cowen boosted their price objective on shares of Trip.com Group from $53.00 to $63.00 and gave the company a “buy” rating in a report on Tuesday, May 21st. Finally, Benchmark raised their target price on shares of Trip.com Group from $55.00 to $72.00 and gave the stock a “buy” rating in a report on Tuesday, May 21st. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $60.30.

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.