Cerity Partners LLC Buys 7,929 Shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM)

Cerity Partners LLC boosted its position in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 57.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 21,657 shares of the company's stock after purchasing an additional 7,929 shares during the quarter. Cerity Partners LLC's holdings in Trip.com Group were worth $1,377,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Blair William & Co. IL grew its holdings in Trip.com Group by 4.3% during the fourth quarter. Blair William & Co. IL now owns 5,349 shares of the company's stock valued at $367,000 after purchasing an additional 219 shares during the period. Corient Private Wealth LLC grew its holdings in Trip.com Group by 3.6% during the fourth quarter. Corient Private Wealth LLC now owns 8,761 shares of the company's stock valued at $602,000 after purchasing an additional 304 shares during the period. Natixis grew its holdings in Trip.com Group by 13.1% during the fourth quarter. Natixis now owns 2,703 shares of the company's stock valued at $186,000 after purchasing an additional 313 shares during the period. National Bank of Canada FI lifted its stake in Trip.com Group by 227.7% in the fourth quarter. National Bank of Canada FI now owns 462 shares of the company's stock valued at $32,000 after buying an additional 321 shares in the last quarter. Finally, Aaron Wealth Advisors LLC lifted its stake in Trip.com Group by 11.9% in the first quarter. Aaron Wealth Advisors LLC now owns 3,780 shares of the company's stock valued at $240,000 after buying an additional 403 shares in the last quarter. Institutional investors and hedge funds own 35.41% of the company's stock.

Analyst Ratings Changes

A number of brokerages have weighed in on TCOM. Mizuho raised shares of Trip.com Group to a "strong-buy" rating in a research note on Friday, May 2nd. TD Securities lifted their price target on shares of Trip.com Group from $67.00 to $73.00 and gave the company a "buy" rating in a research note on Tuesday, May 20th. Benchmark reaffirmed a "buy" rating and issued a $80.00 price target on shares of Trip.com Group in a research note on Tuesday, May 20th. Wall Street Zen lowered shares of Trip.com Group from a "buy" rating to a "hold" rating in a research note on Saturday, April 26th. Finally, Bank of America lifted their price target on shares of Trip.com Group from $68.00 to $70.00 and gave the company a "buy" rating in a research note on Wednesday, May 21st. One 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 company. Based on data from MarketBeat.com, Trip.com Group has an average rating of "Buy" and an average price target of $77.25.

Trip.com Group Stock Down 0.2%

TCOM traded down $0.11 during trading on Friday, reaching $64.43. 1,194,082 shares of the stock were exchanged, compared to its average volume of 2,223,885. The stock has a market cap of $42.09 billion, a P/E ratio of 18.68, a price-to-earnings-growth ratio of 3.09 and a beta of 0.07. Trip.com Group Limited Sponsored ADR has a twelve month low of $38.23 and a twelve month high of $77.18. The stock's 50 day moving average price is $61.33 and its two-hundred day moving average price is $62.42. 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 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.