Stifel Financial Corp Purchases 2,678 Shares of Trip.com Group Limited (NASDAQ:TCOM)

Stifel Financial Corp raised its position in Trip.com Group Limited (NASDAQ:TCOM) by 18.4% during the third quarter, Holdings Channel reports. The fund owned 17,200 shares of the company’s stock after acquiring an additional 2,678 shares during the period. Stifel Financial Corp’s holdings in Trip.com Group were worth $1,022,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the company. RPg Family Wealth Advisory LLC purchased a new position in shares of Trip.com Group in the third quarter worth approximately $38,000. Fifth Third Bancorp boosted its stake in shares of Trip.com Group by 1,188.0% during the 2nd quarter. Fifth Third Bancorp now owns 1,069 shares of the company’s stock worth $50,000 after acquiring an additional 986 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its position in shares of Trip.com Group by 72.3% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,165 shares of the company’s stock valued at $55,000 after acquiring an additional 489 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Trip.com Group in the 2nd quarter worth $66,000. Finally, Whittier Trust Co. of Nevada Inc. bought a new position in Trip.com Group in the 2nd quarter worth $74,000. 35.41% of the stock is owned by hedge funds and other institutional investors.

Trip.com Group Price Performance

Shares of Trip.com Group stock opened at $73.02 on Tuesday. The firm has a market cap of $47.03 billion, a PE ratio of 21.86, a PEG ratio of 1.10 and a beta of 0.38. The stock has a 50 day moving average of $65.68 and a 200 day moving average of $54.74. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.14. Trip.com Group Limited has a 12 month low of $33.90 and a 12 month high of $77.18.

Analysts Set New Price Targets

TCOM has been the subject of a number of analyst reports. Citigroup upped their price target on Trip.com Group from $66.00 to $72.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Macquarie raised their target price on shares of Trip.com Group from $75.40 to $80.80 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Hsbc Global Res upgraded shares of Trip.com Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 19th. HSBC upgraded shares of Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a research note on Tuesday, November 19th. Finally, Sanford C. Bernstein started coverage on Trip.com Group in a research note on Monday, November 4th. They issued an “outperform” rating and a $85.00 price target for the company. Eleven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Trip.com Group presently has a consensus rating of “Buy” and an average target price of $74.18.

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.