128,834 Shares in Trip.com Group Limited Sponsored ADR $TCOM Purchased by Strs Ohio

Key Points

• Strs Ohio has acquired a new position in Trip.com Group Limited, purchasing 128,834 shares valued at approximately $8.19 million.
• Trip.com Group's stock has experienced significant backing from institutional investors, with 35.41% of shares currently held by such entities.
• Analysts have a favorable outlook for Trip.com Group, with multiple firms raising their target prices, indicating an average target price of $76.98 and a consensus rating of "Buy".

Strs Ohio acquired a new position in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 128,834 shares of the company's stock, valued at approximately $8,191,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of TCOM. Cetera Investment Advisers boosted its holdings in Trip.com Group by 24.2% during the 4th quarter. Cetera Investment Advisers now owns 22,538 shares of the company's stock valued at $1,547,000 after acquiring an additional 4,386 shares during the period. Quantinno Capital Management LP increased its position in Trip.com Group by 35.3% during the fourth quarter. Quantinno Capital Management LP now owns 17,821 shares of the company's stock worth $1,224,000 after buying an additional 4,648 shares during the period. Tairen Capital Ltd acquired a new position in Trip.com Group during the fourth quarter worth approximately $268,000. Tremblant Capital Group increased its position in Trip.com Group by 220.3% during the fourth quarter. Tremblant Capital Group now owns 297,695 shares of the company's stock worth $20,440,000 after buying an additional 204,744 shares during the period. Finally, Voloridge Investment Management LLC increased its holdings in shares of Trip.com Group by 93.7% in the fourth quarter. Voloridge Investment Management LLC now owns 1,244,863 shares of the company's stock valued at $85,472,000 after purchasing an additional 602,151 shares during the period. 35.41% of the stock is currently owned by hedge funds and other institutional investors.

Trip.com Group Stock Performance

NASDAQ TCOM opened at $73.87 on Monday. The business's 50-day moving average price is $65.10 and its 200 day moving average price is $62.11. The company has a market capitalization of $48.26 billion, a PE ratio of 20.24, a price-to-earnings-growth ratio of 3.05 and a beta of 0.03. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.07. Trip.com Group Limited Sponsored ADR has a twelve month low of $46.20 and a twelve month high of $77.18.

Analyst Ratings Changes

A number of research analysts have recently issued reports on TCOM shares. Barclays boosted their target price on Trip.com Group from $84.00 to $85.00 and gave the company an "overweight" rating in a report on Friday, August 29th. Bank of America upped their target price on Trip.com Group from $68.00 to $70.00 and gave the company a "buy" rating in a report on Wednesday, May 21st. Zacks Research raised Trip.com Group from a "hold" rating to a "strong-buy" rating in a report on Thursday, September 4th. Benchmark reissued a "buy" rating and issued a $80.00 target price on shares of Trip.com Group in a report on Tuesday, May 20th. Finally, TD Securities upped their target price on Trip.com Group from $67.00 to $73.00 and gave the company a "buy" rating in a report on Tuesday, May 20th. Two equities research analysts have rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the company. According to data from MarketBeat, Trip.com Group currently has an average rating of "Buy" and an average target price of $76.98.

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.

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