Callan Family Office LLC Takes Position in Trip.com Group Limited Sponsored ADR $TCOM

Key Points

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Callan Family Office LLC acquired a new stake in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 6,902 shares of the company's stock, valued at approximately $405,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Blair William & Co. IL raised its holdings in shares of Trip.com Group by 3.9% in the 2nd quarter. Blair William & Co. IL now owns 5,398 shares of the company's stock valued at $317,000 after purchasing an additional 205 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new position in shares of Trip.com Group in the 2nd quarter valued at $215,000. Deltec Asset Management LLC grew its position in shares of Trip.com Group by 7.7% in the 2nd quarter. Deltec Asset Management LLC now owns 7,000 shares of the company's stock valued at $410,000 after buying an additional 500 shares during the last quarter. Generali Investments CEE investicni spolecnost a.s. grew its position in shares of Trip.com Group by 13.7% in the 2nd quarter. Generali Investments CEE investicni spolecnost a.s. now owns 8,643 shares of the company's stock valued at $507,000 after buying an additional 1,043 shares during the last quarter. Finally, Truist Financial Corp grew its position in shares of Trip.com Group by 5.4% in the 2nd quarter. Truist Financial Corp now owns 11,776 shares of the company's stock valued at $691,000 after buying an additional 602 shares during the last quarter. 35.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently commented on TCOM shares. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Trip.com Group in a research report on Wednesday, October 8th. Mizuho increased their target price on shares of Trip.com Group from $78.00 to $81.00 and gave the company an "outperform" rating in a research report on Thursday, August 28th. Zacks Research raised shares of Trip.com Group from a "hold" rating to a "strong-buy" rating in a research report on Thursday, September 4th. Sanford C. Bernstein increased their target price on shares of Trip.com Group from $75.00 to $78.00 and gave the company an "outperform" rating in a research report on Friday, August 29th. Finally, Barclays raised their price objective on shares of Trip.com Group from $84.00 to $85.00 and gave the stock an "overweight" rating in a research report on Friday, August 29th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of "Buy" and an average target price of $76.98.

Trip.com Group Stock Down 0.5%

Shares of NASDAQ:TCOM opened at $69.81 on Thursday. The company has a market cap of $45.60 billion, a price-to-earnings ratio of 19.13, a PEG ratio of 2.90 and a beta of 0.03. The firm's 50-day simple moving average is $70.52 and its 200-day simple moving average is $63.92. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.07. Trip.com Group Limited Sponsored ADR has a fifty-two week low of $51.35 and a fifty-two week high of $78.65.

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.

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