Amundi Has $84.19 Million Holdings in Trip.com Group Limited Sponsored ADR $TCOM

Key Points

• Amundi increased its stake in Trip.com Group Limited by 38.1% in Q1, owning approximately 1.38 million shares valued at $84 million.
• Several analysts have raised their price targets for Trip.com, with Sanford C. Bernstein setting a target of $78.00 and Mizuho at $81.00, indicating a generally positive outlook on the stock.
• Trip.com Group's shares have shown significant volatility, with a fifty-two week low of $46.20 and a high of $77.18, currently trading around $72.79.

Amundi increased its position in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 38.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,375,621 shares of the company's stock after purchasing an additional 379,498 shares during the quarter. Amundi owned 0.21% of Trip.com Group worth $84,188,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Stone House Investment Management LLC bought a new stake in Trip.com Group during the first quarter worth about $32,000. Summit Securities Group LLC bought a new position in shares of Trip.com Group in the first quarter worth about $58,000. Allianz SE lifted its holdings in shares of Trip.com Group by 312.2% in the first quarter. Allianz SE now owns 1,150 shares of the company's stock worth $73,000 after acquiring an additional 871 shares during the last quarter. SVB Wealth LLC bought a new position in shares of Trip.com Group in the first quarter worth about $78,000. Finally, Brooklyn Investment Group lifted its holdings in shares of Trip.com Group by 239.5% in the first quarter. Brooklyn Investment Group now owns 1,229 shares of the company's stock worth $78,000 after acquiring an additional 867 shares during the last quarter. Institutional investors own 35.41% of the company's stock.

Analysts Set New Price Targets

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

Trip.com Group Trading Down 1.4%

Shares of Trip.com Group stock traded down $1.03 on Friday, hitting $73.80. The stock had a trading volume of 515,214 shares, compared to its average volume of 3,487,719. The stock has a 50 day moving average of $64.80 and a 200 day moving average of $61.93. Trip.com Group Limited Sponsored ADR has a twelve month low of $46.20 and a twelve month high of $77.18. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.33 and a current ratio of 1.33. The firm has a market capitalization of $48.21 billion, a P/E ratio of 20.22, a PEG ratio of 2.99 and a beta of 0.03.

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.