Wealth Enhancement Advisory Services LLC Acquires 905 Shares of Trip.com Group Limited (NASDAQ:TCOM)

Wealth Enhancement Advisory Services LLC raised its holdings in Trip.com Group Limited (NASDAQ:TCOM) by 15.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,805 shares of the company’s stock after purchasing an additional 905 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Trip.com Group were worth $467,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of TCOM. Empowered Funds LLC bought a new stake in Trip.com Group during the fourth quarter worth about $136,000. Rhumbline Advisers increased its holdings in Trip.com Group by 1.6% in the 4th quarter. Rhumbline Advisers now owns 12,014 shares of the company’s stock valued at $825,000 after buying an additional 184 shares during the period. Principal Securities Inc. raised its position in shares of Trip.com Group by 46.8% in the 4th quarter. Principal Securities Inc. now owns 530 shares of the company’s stock valued at $36,000 after buying an additional 169 shares in the last quarter. State of New Jersey Common Pension Fund D lifted its holdings in shares of Trip.com Group by 4.8% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 160,005 shares of the company’s stock worth $10,986,000 after acquiring an additional 7,266 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in shares of Trip.com Group by 87.9% during the 4th quarter. Principal Financial Group Inc. now owns 246,953 shares of the company’s stock worth $16,956,000 after acquiring an additional 115,546 shares during the period. Institutional investors own 35.41% of the company’s stock.

Trip.com Group Stock Performance

Shares of TCOM stock opened at $60.92 on Friday. The firm has a market capitalization of $39.80 billion, a price-to-earnings ratio of 18.24, a PEG ratio of 0.67 and a beta of 0.09. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.14. The business’s 50-day moving average price is $60.14 and its 200-day moving average price is $64.30. Trip.com Group Limited has a 12 month low of $38.23 and a 12 month high of $77.18.

Analyst Ratings Changes

TCOM has been the topic of a number of recent analyst reports. Bank of America lifted their price objective on shares of Trip.com Group from $68.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, May 21st. Mizuho raised Trip.com Group to a “strong-buy” rating in a report on Friday, May 2nd. TD Securities boosted their price target on Trip.com Group from $67.00 to $73.00 and gave the stock a “buy” rating in a report on Tuesday, May 20th. Wall Street Zen downgraded Trip.com Group from a “buy” rating to a “hold” rating in a research report on Saturday, April 26th. Finally, JPMorgan Chase & Co. decreased their target price on Trip.com Group from $80.00 to $75.00 and set an “overweight” rating on the stock in a research report on Thursday, February 27th. One research analyst has rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $77.25.

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.