Strs Ohio Invests $8.19 Million in Trip.com Group Limited Sponsored ADR $TCOM

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 bought a new position in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 128,834 shares of the company's stock, valued at approximately $8,191,000.

Several other large investors also recently made changes to their positions in TCOM. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Trip.com Group by 1,609.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,920,955 shares of the company's stock valued at $821,514,000 after acquiring an additional 12,165,176 shares during the last quarter. Davis Selected Advisers boosted its holdings in Trip.com Group by 29.8% in the first quarter. Davis Selected Advisers now owns 4,862,997 shares of the company's stock valued at $309,189,000 after acquiring an additional 1,115,836 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in Trip.com Group by 48.7% in the first quarter. Russell Investments Group Ltd. now owns 2,386,398 shares of the company's stock valued at $151,727,000 after acquiring an additional 781,916 shares during the last quarter. Kontiki Capital Management HK Ltd. boosted its holdings in Trip.com Group by 3.4% in the first quarter. Kontiki Capital Management HK Ltd. now owns 1,929,847 shares of the company's stock valued at $122,700,000 after acquiring an additional 63,407 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Trip.com Group by 11.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,592,631 shares of the company's stock valued at $101,261,000 after acquiring an additional 161,295 shares during the last quarter. Institutional investors own 35.41% of the company's stock.

Trip.com Group Stock Up 0.5%

TCOM stock traded up $0.37 during mid-day trading on Friday, hitting $78.52. 2,708,364 shares of the company were exchanged, compared to its average volume of 3,335,416. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.33 and a current ratio of 1.33. Trip.com Group Limited Sponsored ADR has a 1-year low of $48.43 and a 1-year high of $78.65. The firm's 50 day simple moving average is $66.64 and its 200 day simple moving average is $62.70. The firm has a market cap of $51.29 billion, a P/E ratio of 21.51, a P/E/G ratio of 3.23 and a beta of 0.03.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on TCOM. Zacks Research upgraded Trip.com Group from a "hold" rating to a "strong-buy" rating in a report on Thursday, September 4th. Mizuho raised their price target on Trip.com Group from $78.00 to $81.00 and gave the company an "outperform" rating in a report on Thursday, August 28th. Barclays raised their price target on Trip.com Group from $84.00 to $85.00 and gave the company an "overweight" rating in a report on Friday, August 29th. Finally, Sanford C. Bernstein raised their target price on Trip.com Group from $75.00 to $78.00 and gave the stock an "outperform" rating in a report on Friday, August 29th. Two equities research analysts have rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $76.98.

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.