Caisse DE Depot ET Placement DU Quebec Has $26.21 Million Stock Holdings in Trip.com Group Limited Sponsored ADR $TCOM

Key Points

• Caisse DE Depot ET Placement DU Quebec has reduced its stake in Trip.com Group Limited by 49.0%, now holding approximately 412,285 shares valued at about $26 million.
• Multiple institutional investors have adjusted their positions, with LPL Financial LLC increasing its holdings by 219.7%, accumulating 44,706 shares valued at roughly $2.8 million.
• Analysts remain positive on the stock, with a consensus rating of "Buy" and a target price of approximately $77.25, as various firms have recently upped their price objectives for Trip.com Group shares.

Caisse DE Depot ET Placement DU Quebec decreased its holdings in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 49.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 412,285 shares of the company's stock after selling 396,121 shares during the period. Caisse DE Depot ET Placement DU Quebec owned approximately 0.06% of Trip.com Group worth $26,213,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of TCOM. Mariner LLC increased its stake in shares of Trip.com Group by 26.8% in the 4th quarter. Mariner LLC now owns 9,184 shares of the company's stock valued at $631,000 after purchasing an additional 1,942 shares during the last quarter. First Trust Advisors LP increased its stake in shares of Trip.com Group by 127.8% in the 4th quarter. First Trust Advisors LP now owns 83,700 shares of the company's stock valued at $5,747,000 after purchasing an additional 46,957 shares during the last quarter. MML Investors Services LLC boosted its holdings in shares of Trip.com Group by 44.0% during the 4th quarter. MML Investors Services LLC now owns 20,345 shares of the company's stock valued at $1,397,000 after acquiring an additional 6,219 shares in the last quarter. Stifel Financial Corp boosted its holdings in shares of Trip.com Group by 28.2% during the 4th quarter. Stifel Financial Corp now owns 22,054 shares of the company's stock valued at $1,514,000 after acquiring an additional 4,854 shares in the last quarter. Finally, Dark Forest Capital Management LP acquired a new stake in shares of Trip.com Group during the 4th quarter valued at $256,000. Institutional investors own 35.41% of the company's stock.

Analyst Ratings Changes

Several research firms recently weighed in on TCOM. TD Securities raised their price objective on Trip.com Group from $67.00 to $73.00 and gave the company a "buy" rating in a report on Tuesday, May 20th. Barclays lifted their target price on Trip.com Group from $84.00 to $85.00 and gave the stock an "overweight" rating in a report on Friday. Sanford C. Bernstein lifted their target price on Trip.com Group from $75.00 to $78.00 and gave the stock an "outperform" rating in a report on Friday. Mizuho lifted their target price on Trip.com Group from $78.00 to $81.00 and gave the stock an "outperform" rating in a report on Thursday. Finally, Bank of America lifted their target price on Trip.com Group from $68.00 to $70.00 and gave the stock a "buy" rating in a report on Wednesday, May 21st. One equities research analyst has rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Buy" and an average price target of $76.98.

Trip.com Group Trading Down 1.7%

Shares of NASDAQ:TCOM traded down $1.28 during midday trading on Monday, reaching $73.75. The company's stock had a trading volume of 4,246,337 shares, compared to its average volume of 3,527,075. The firm has a market capitalization of $48.18 billion, a price-to-earnings ratio of 20.21, a PEG ratio of 3.53 and a beta of 0.03. 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 50 day moving average price of $62.59 and a two-hundred day moving average price of $61.54. Trip.com Group Limited Sponsored ADR has a fifty-two week low of $46.20 and a fifty-two week high of $77.18.

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.