34,535 Trip.com Group Limited Sponsored ADR $TCOM Shares Acquired by U S Global Investors Inc.

Key Points

• U.S. Global Investors increased its Trip.com Group stake by 19.7% in the third quarter, adding 34,535 shares to reach 209,805 shares valued at approximately $8.2 million.
• Institutional ownership stands at 35.41%, with several other investment firms—including HSBC, Royal Bank of Canada and ABN Amro—also expanding their positions.
• Analyst sentiment remains a “Moderate Buy”, with an average price target of $60.45, although some firms recently cut targets or downgraded the stock. Shares opened at $39.57, near their one-year low of $37.58.

U S Global Investors Inc. lifted its holdings in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 19.7% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 209,805 shares of the company's stock after purchasing an additional 34,535 shares during the period. Trip.com Group comprises 0.8% of U S Global Investors Inc.'s holdings, making the stock its 29th biggest position. U S Global Investors Inc.'s holdings in Trip.com Group were worth $8,203,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Public Employees Retirement System of Ohio bought a new position in Trip.com Group in the second quarter worth approximately $5,210,000. APEIRON CAPITAL Ltd bought a new stake in Trip.com Group during the 1st quarter valued at $3,485,000. Hsbc Holdings PLC boosted its position in Trip.com Group by 544.1% during the 4th quarter. Hsbc Holdings PLC now owns 73,747 shares of the company's stock valued at $5,280,000 after acquiring an additional 62,298 shares in the last quarter. Royal Bank of Canada boosted its position in Trip.com Group by 162.6% during the 1st quarter. Royal Bank of Canada now owns 136,340 shares of the company's stock valued at $6,789,000 after acquiring an additional 84,423 shares in the last quarter. Finally, ABN Amro Investment Solutions increased its holdings in shares of Trip.com Group by 91.5% in the 1st quarter. ABN Amro Investment Solutions now owns 493,968 shares of the company's stock valued at $24,595,000 after acquiring an additional 235,997 shares during the period. 35.41% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. JPMorgan Chase & Co. reduced their price target on Trip.com Group from $72.00 to $62.00 and set an "overweight" rating for the company in a research report on Thursday, September 17th. Mizuho dropped their price objective on Trip.com Group from $65.00 to $60.00 and set an "outperform" rating on the stock in a research report on Wednesday, September 16th. Zacks Research lowered Trip.com Group from a "hold" rating to a "strong sell" rating in a research note on Tuesday, June 30th. Weiss Ratings downgraded shares of Trip.com Group from a "hold (c-)" rating to a "sell (d)" rating in a report on Wednesday, September 16th. Finally, Bank of America reiterated a "buy" rating on shares of Trip.com Group in a report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Trip.com Group presently has a consensus rating of "Moderate Buy" and an average target price of $60.45.

Trip.com Group Price Performance

NASDAQ TCOM opened at $39.57 on Friday. The stock's fifty day moving average price is $41.13 and its 200 day moving average price is $45.23. Trip.com Group Limited Sponsored ADR has a 1 year low of $37.58 and a 1 year high of $78.99. The company has a market cap of $25.70 billion, a price-to-earnings ratio of 6.63, a PEG ratio of 3.20 and a beta of -0.04.

Trip.com Group (NASDAQ:TCOM - Get Free Report) last issued its earnings results on Friday, August 14th. The company reported $1.07 earnings per share (EPS) for the quarter. Trip.com Group had a return on equity of 16.99% and a net margin of 36.07%. The company had revenue of $2.31 billion during the quarter. Research analysts expect that Trip.com Group Limited Sponsored ADR will post 3.07 earnings per share for the current year.

Trip.com Group Company Profile

Trip.com Group Limited NASDAQ: TCOM is a global online travel services company headquartered in China. Founded in 1999 as Ctrip, the company changed its name to Trip.com Group in 2019 to reflect its expanding international operations and portfolio of travel brands.

The company operates online platforms that help travelers research, plan and book trips. Its services include hotel and accommodation reservations, airline and train ticketing, vacation packages, attraction tickets, car rentals and other travel-related products.

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