Alberta Investment Management Corp Has $14.40 Million Stock Holdings in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM)

Key Points

• Alberta Investment Management Corp has increased its stake in Trip.com Group by 12.9%, owning a total of 226,443 shares valued at approximately $14.4 million.
• Multiple institutions have significantly raised their positions in Trip.com Group, with National Bank of Canada FI boosting its stake by 227.7% in the last quarter.
• Analysts are bullish on Trip.com Group, with a consensus rating of "Buy," and several firms have raised their price targets, including TD Securities which increased it from $67.00 to $73.00.

Alberta Investment Management Corp increased its stake in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 12.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 226,443 shares of the company's stock after buying an additional 25,792 shares during the period. Alberta Investment Management Corp's holdings in Trip.com Group were worth $14,397,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Cetera Investment Advisers lifted its position in Trip.com Group by 0.7% during the 1st quarter. Cetera Investment Advisers now owns 22,704 shares of the company's stock worth $1,444,000 after buying an additional 166 shares in the last quarter. Blair William & Co. IL lifted its position in Trip.com Group by 4.3% during the 4th quarter. Blair William & Co. IL now owns 5,349 shares of the company's stock valued at $367,000 after purchasing an additional 219 shares during the period. Natixis lifted its position in Trip.com Group by 13.1% during the 4th quarter. Natixis now owns 2,703 shares of the company's stock valued at $186,000 after purchasing an additional 313 shares during the period. National Bank of Canada FI lifted its position in Trip.com Group by 227.7% during the 4th quarter. National Bank of Canada FI now owns 462 shares of the company's stock valued at $32,000 after purchasing an additional 321 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Trip.com Group by 28.3% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,633 shares of the company's stock valued at $104,000 after purchasing an additional 360 shares during the period. Institutional investors and hedge funds own 35.41% of the company's stock.

Analysts Set New Price Targets

A number of research firms have issued reports on TCOM. Wall Street Zen downgraded shares of Trip.com Group from a "buy" rating to a "hold" rating in a research report on Saturday, April 26th. TD Securities upped their target price on shares of Trip.com Group from $67.00 to $73.00 and gave the company a "buy" rating in a research report on Tuesday, May 20th. Bank of America upped their target price on shares of Trip.com Group from $68.00 to $70.00 and gave the company a "buy" rating in a research report on Wednesday, May 21st. Mizuho upgraded shares of Trip.com Group to a "strong-buy" rating in a research report on Friday, May 2nd. Finally, Benchmark restated a "buy" rating and set a $80.00 target price on shares of Trip.com Group in a research report on Tuesday, May 20th. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Buy" and an average price target of $77.25.

Trip.com Group Stock Up 1.4%

Shares of NASDAQ TCOM traded up $0.86 during trading hours on Wednesday, hitting $62.03. The company had a trading volume of 1,128,272 shares, compared to its average volume of 3,465,394. The stock has a market capitalization of $40.52 billion, a P/E ratio of 17.97, a price-to-earnings-growth ratio of 2.97 and a beta of 0.06. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.13. Trip.com Group Limited Sponsored ADR has a 1-year low of $40.71 and a 1-year high of $77.18. The firm's 50 day moving average is $61.21 and its 200-day moving average is $62.26.

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.