Arrowpoint Investment Partners Singapore Pte. Ltd. Invests $394,000 in Trip.com Group Limited Sponsored ADR $TCOM

Arrowpoint Investment Partners Singapore Pte. Ltd. bought a new stake in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 6,716 shares of the company’s stock, valued at approximately $394,000. Trip.com Group comprises 0.3% of Arrowpoint Investment Partners Singapore Pte. Ltd.’s investment portfolio, making the stock its 29th largest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of TCOM. Elevation Point Wealth Partners LLC bought a new stake in Trip.com Group in the second quarter valued at approximately $71,000. XTX Topco Ltd acquired a new position in shares of Trip.com Group during the 2nd quarter worth approximately $3,035,000. Coldstream Capital Management Inc. increased its holdings in shares of Trip.com Group by 725.9% during the 2nd quarter. Coldstream Capital Management Inc. now owns 5,079 shares of the company’s stock worth $298,000 after acquiring an additional 4,464 shares during the last quarter. MAI Capital Management raised its stake in Trip.com Group by 14,928.6% in the 2nd quarter. MAI Capital Management now owns 1,052 shares of the company’s stock valued at $62,000 after acquiring an additional 1,045 shares during the period. Finally, Frank Rimerman Advisors LLC lifted its holdings 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 valued at $643,000 after purchasing an additional 185 shares during the last quarter. Institutional investors own 35.41% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on TCOM. Benchmark upped their price objective on shares of Trip.com Group from $80.00 to $82.00 and gave the company a “buy” rating in a report on Tuesday, November 18th. Zacks Research downgraded shares of Trip.com Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 28th. Bank of America upped their price target on shares of Trip.com Group from $83.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, November 20th. Citigroup increased their price target on shares of Trip.com Group from $85.00 to $86.00 and gave the company a “buy” rating in a report on Wednesday, November 19th. Finally, Mizuho boosted their price objective on Trip.com Group from $78.00 to $81.00 and gave the stock an “outperform” rating in a report on Thursday, August 28th. Nine analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $81.25.

Trip.com Group Stock Down 0.8%

NASDAQ TCOM opened at $69.72 on Thursday. The business has a fifty day moving average price of $72.49 and a two-hundred day moving average price of $66.86. The stock has a market capitalization of $45.55 billion and a PE ratio of 19.10. 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 debt-to-equity ratio of 0.07, a current ratio of 1.33 and a quick ratio of 1.33.

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.