Banque Transatlantique SA Acquires New Shares in Trip.com Group Limited Sponsored ADR $TCOM

Key Points

• Banque Transatlantique SA has acquired a new position in Trip.com Group, purchasing 15,770 shares valued at approximately $927,000 during the first quarter.
• Other hedge funds have also increased their stakes in Trip.com Group, including Allianz SE, which raised its holdings by 312.2% to own 1,150 shares valued at $73,000.
• Analyst ratings for Trip.com Group show a consensus of "Buy" with an average price target of $76.98, indicating positive sentiment towards the stock's performance.

Banque Transatlantique SA bought a new position in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor bought 15,770 shares of the company's stock, valued at approximately $927,000.

Several other large investors have also modified their holdings of TCOM. Stone House Investment Management LLC acquired a new position in shares of Trip.com Group in the 1st quarter valued at $32,000. Summit Securities Group LLC purchased a new position in shares of Trip.com Group in the 1st quarter valued at about $58,000. Allianz SE grew its position in Trip.com Group by 312.2% during the first quarter. Allianz SE now owns 1,150 shares of the company's stock worth $73,000 after buying an additional 871 shares during the period. Brooklyn Investment Group lifted its position in shares of Trip.com Group by 239.5% during the 1st 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 period. Finally, SVB Wealth LLC acquired a new stake in shares of Trip.com Group in the 1st quarter worth approximately $78,000. Institutional investors and hedge funds own 35.41% of the company's stock.

Trip.com Group Stock Down 0.3%

NASDAQ TCOM traded down $0.20 during trading hours on Friday, reaching $72.79. 4,162,176 shares of the company traded hands, compared to its average volume of 3,793,203. The stock has a market capitalization of $47.55 billion, a PE ratio of 19.94, a PEG ratio of 3.00 and a beta of 0.03. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.07. Trip.com Group Limited Sponsored ADR has a 12 month low of $46.20 and a 12 month high of $77.18. The company has a 50 day moving average of $63.65 and a two-hundred day moving average of $61.70.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Benchmark reiterated a "buy" rating and set a $80.00 target price on shares of Trip.com Group in a research report on Tuesday, May 20th. Barclays increased their price objective on shares of Trip.com Group from $84.00 to $85.00 and gave the company an "overweight" rating in a research note on Friday, August 29th. Mizuho lifted their target price on shares of Trip.com Group from $78.00 to $81.00 and gave the stock an "outperform" rating in a research report on Thursday, August 28th. TD Securities upped their target price 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. Finally, Sanford C. Bernstein raised their price target on shares of Trip.com Group from $75.00 to $78.00 and gave the stock an "outperform" rating in a research note on Friday, August 29th. Two research analysts have rated the stock with a Strong Buy rating and eleven have given a Buy rating to the stock. Based on data from MarketBeat.com, Trip.com Group currently has a consensus rating of "Buy" and a consensus target price of $76.98.

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.