Banco BTG Pactual S.A. Takes $827,000 Position in Trip.com Group Limited Sponsored ADR $TCOM

Key Points

• Banco BTG Pactual S.A. has invested approximately $827,000 in Trip.com Group by acquiring 13,000 shares in the first quarter.
• Several institutional investors have significantly increased their positions in Trip.com Group, with HSBC Holdings growing their stake by 271.5% to a value of $6.2 million.
• Wall Street analysts predominantly hold a positive view, with a consensus target price of $77.25 and multiple analysts giving the stock a "buy" or "strong-buy" rating.

Banco BTG Pactual S.A. bought a new position in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 13,000 shares of the company's stock, valued at approximately $827,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Erste Asset Management GmbH bought a new position in shares of Trip.com Group in the first quarter worth $1,254,000. Greenwoods Asset Management Hong Kong Ltd. grew its position in Trip.com Group by 118.9% in the first quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 383,543 shares of the company's stock valued at $24,386,000 after acquiring an additional 208,307 shares during the last quarter. Hsbc Holdings PLC grew its position in Trip.com Group by 271.5% in the first quarter. Hsbc Holdings PLC now owns 98,289 shares of the company's stock valued at $6,235,000 after acquiring an additional 71,834 shares during the last quarter. Northern Trust Corp grew its position in Trip.com Group by 32.6% in the first quarter. Northern Trust Corp now owns 747,772 shares of the company's stock valued at $47,543,000 after acquiring an additional 183,640 shares during the last quarter. Finally, Brooklyn Investment Group grew its position in Trip.com Group by 239.5% in the first quarter. Brooklyn Investment Group now owns 1,229 shares of the company's stock valued at $78,000 after acquiring an additional 867 shares during the last quarter. Institutional investors and hedge funds own 35.41% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Benchmark reissued a "buy" rating and set a $80.00 price target on shares of Trip.com Group in a research note on Tuesday, May 20th. Mizuho raised Trip.com Group to a "strong-buy" rating in a research note on Friday, May 2nd. Wall Street Zen lowered Trip.com Group from a "buy" rating to a "hold" rating in a research note on Saturday, April 26th. Bank of America lifted their price target on 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 lifted their price target on Trip.com Group from $67.00 to $73.00 and gave the company a "buy" rating in a research note on Tuesday, May 20th. Two analysts have rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $77.25.

Trip.com Group Price Performance

Shares of TCOM opened at $64.86 on Wednesday. The firm has a market cap of $42.37 billion, a PE ratio of 18.80, a price-to-earnings-growth ratio of 3.02 and a beta of 0.06. Trip.com Group Limited Sponsored ADR has a 52-week low of $41.22 and a 52-week high of $77.18. The business's 50 day moving average price is $60.98 and its two-hundred day moving average price is $61.67. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.46 and a current ratio of 1.46.

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.

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