Cambridge Investment Research Advisors Inc. Makes New $690,000 Investment in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM)

Cambridge Investment Research Advisors Inc. bought a new position in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 10,856 shares of the company's stock, valued at approximately $690,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in TCOM. FMR LLC boosted its holdings in shares of Trip.com Group by 125.5% in the fourth quarter. FMR LLC now owns 25,088,658 shares of the company's stock worth $1,722,587,000 after buying an additional 13,964,875 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in shares of Trip.com Group by 1,925.9% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,986,561 shares of the company's stock worth $205,057,000 after buying an additional 2,839,142 shares during the period. Wellington Management Group LLP boosted its holdings in shares of Trip.com Group by 92.9% in the fourth quarter. Wellington Management Group LLP now owns 4,364,985 shares of the company's stock worth $299,700,000 after buying an additional 2,101,937 shares during the period. Voya Investment Management LLC boosted its holdings in shares of Trip.com Group by 751.8% in the fourth quarter. Voya Investment Management LLC now owns 2,106,740 shares of the company's stock worth $144,649,000 after buying an additional 1,859,401 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of Trip.com Group by 16,640.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,431,336 shares of the company's stock worth $98,277,000 after buying an additional 1,422,786 shares during the period. 35.41% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently commented on TCOM shares. Benchmark restated a "buy" rating and set a $80.00 price target on shares of Trip.com Group in a report on Tuesday, May 20th. TD Securities raised their price target on shares of Trip.com Group from $67.00 to $73.00 and gave the stock a "buy" rating in a report on Tuesday, May 20th. Bank of America raised their price target on shares of Trip.com Group from $68.00 to $70.00 and gave the stock a "buy" rating in a report on Wednesday, May 21st. Mizuho upgraded shares of Trip.com Group to a "strong-buy" rating in a report on Friday, May 2nd. Finally, Wall Street Zen cut shares of Trip.com Group from a "buy" rating to a "hold" rating in a report on Saturday, April 26th. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Trip.com Group currently has a consensus rating of "Buy" and an average target price of $77.25.

Trip.com Group Price Performance

Shares of TCOM opened at $61.46 on Tuesday. The firm has a market cap of $40.15 billion, a PE ratio of 17.81, a PEG ratio of 2.77 and a beta of 0.07. The firm's 50 day moving average price is $61.21 and its 200 day moving average price is $62.94. 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 Limited Sponsored ADR has a twelve month low of $38.23 and a twelve month 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.