Aberdeen Group plc Has $25.47 Million Holdings in Trip.com Group Limited Sponsored ADR $TCOM

Aberdeen Group plc raised its stake in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 1,265.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 404,153 shares of the company's stock after buying an additional 374,555 shares during the period. Aberdeen Group plc owned 0.06% of Trip.com Group worth $25,472,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in TCOM. Raymond James Financial Inc. acquired a new position in shares of Trip.com Group during the 4th quarter valued at about $4,192,000. Townsquare Capital LLC bought a new stake in Trip.com Group during the fourth quarter worth approximately $550,000. Barclays PLC grew its holdings in Trip.com Group by 98.9% during the fourth quarter. Barclays PLC now owns 304,557 shares of the company's stock valued at $20,910,000 after purchasing an additional 151,461 shares during the last quarter. Mariner LLC grew its holdings in Trip.com Group by 26.8% during the fourth quarter. Mariner LLC now owns 9,184 shares of the company's stock valued at $631,000 after purchasing an additional 1,942 shares during the last quarter. Finally, First Trust Advisors LP raised its position in shares of Trip.com Group by 127.8% in the fourth quarter. First Trust Advisors LP now owns 83,700 shares of the company's stock valued at $5,747,000 after purchasing an additional 46,957 shares during the period. Institutional investors and hedge funds own 35.41% of the company's stock.

Trip.com Group Stock Performance

TCOM stock traded down $1.68 during midday trading on Wednesday, hitting $63.18. The stock had a trading volume of 2,384,113 shares, compared to its average volume of 2,877,197. Trip.com Group Limited Sponsored ADR has a 52 week low of $41.86 and a 52 week high of $77.18. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.13. The stock has a 50-day simple moving average of $60.98 and a 200 day simple moving average of $61.67. The firm has a market capitalization of $41.27 billion, a price-to-earnings ratio of 19.83, a P/E/G ratio of 3.11 and a beta of 0.06.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Bank of America upped their price objective on shares of Trip.com Group from $68.00 to $70.00 and gave the stock a "buy" rating in a report on Wednesday, May 21st. Mizuho raised shares of Trip.com Group to a "strong-buy" rating in a research report on Friday, May 2nd. TD Securities upped their price target on shares of Trip.com Group from $67.00 to $73.00 and gave the company a "buy" rating in a report on Tuesday, May 20th. Wall Street Zen lowered Trip.com Group from a "buy" rating to a "hold" rating in a research note on Saturday, April 26th. Finally, Benchmark restated a "buy" rating and set a $80.00 target price on shares of Trip.com Group in a research note on Tuesday, May 20th. Two investment analysts have rated the stock with a Strong Buy rating and ten have given a Buy rating to the company's stock. According to MarketBeat, Trip.com Group currently has a consensus rating of "Buy" and an average price target of $77.25.

About Trip.com Group

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.