Ariose Capital Management Ltd acquired a new stake in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 274,600 shares of the company's stock, valued at approximately $17,459,000. Trip.com Group comprises about 19.1% of Ariose Capital Management Ltd's portfolio, making the stock its biggest position.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. National Bank of Canada FI boosted its position in shares of Trip.com Group by 227.7% during the fourth quarter. National Bank of Canada FI now owns 462 shares of the company's stock worth $32,000 after purchasing an additional 321 shares in the last quarter. Rakuten Securities Inc. lifted its position in Trip.com Group by 1,496.7% in the 4th quarter. Rakuten Securities Inc. now owns 479 shares of the company's stock valued at $33,000 after acquiring an additional 449 shares in the last quarter. Farther Finance Advisors LLC lifted its position in Trip.com Group by 443.5% in the 4th quarter. Farther Finance Advisors LLC now owns 625 shares of the company's stock valued at $43,000 after acquiring an additional 510 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new stake in Trip.com Group in the 4th quarter valued at $121,000. Finally, GAMMA Investing LLC lifted its position in Trip.com Group by 6,259.0% in the 1st quarter. GAMMA Investing LLC now owns 2,480 shares of the company's stock valued at $158,000 after acquiring an additional 2,441 shares in the last quarter. 35.41% of the stock is owned by institutional investors.
Trip.com Group Stock Performance
NASDAQ TCOM opened at $61.46 on Tuesday. 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 firm has a market capitalization of $40.15 billion, a price-to-earnings ratio of 17.81, a P/E/G ratio of 2.77 and a beta of 0.07. The firm's 50 day simple moving average is $61.21 and its 200 day simple moving average is $62.94. Trip.com Group Limited Sponsored ADR has a 1 year low of $38.23 and a 1 year high of $77.18.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on TCOM shares. Mizuho raised shares of Trip.com Group to a "strong-buy" rating in a research report on Friday, May 2nd. Wall Street Zen cut shares of Trip.com Group from a "buy" rating to a "hold" rating in a research report on Saturday, April 26th. Benchmark reaffirmed a "buy" rating and issued a $80.00 price objective on shares of Trip.com Group in a research report on Tuesday, May 20th. Bank of America lifted their price target on shares of Trip.com Group from $68.00 to $70.00 and gave the company a "buy" rating in a research note on Wednesday, May 21st. Finally, TD Securities boosted their price target on shares of Trip.com Group from $67.00 to $73.00 and gave the stock a "buy" rating in a research report on Tuesday, May 20th. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Buy" and a consensus price target of $77.25.
Read Our Latest Analysis on TCOM
About Trip.com Group
(
Free Report)
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.
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