Trip.com Group Limited Sponsored ADR $TCOM Shares Acquired by Citigroup Inc.

Citigroup Inc. lifted its position in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 18.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 309,480 shares of the company's stock after buying an additional 48,046 shares during the quarter. Citigroup Inc.'s holdings in Trip.com Group were worth $19,677,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Principal Financial Group Inc. raised its position in Trip.com Group by 4.1% in the 1st quarter. Principal Financial Group Inc. now owns 257,077 shares of the company's stock valued at $16,345,000 after purchasing an additional 10,124 shares in the last quarter. Cambridge Investment Research Advisors Inc. purchased a new position in shares of Trip.com Group in the 1st quarter valued at about $690,000. Cerity Partners LLC increased its holdings in shares of Trip.com Group by 57.8% in the 1st quarter. Cerity Partners LLC now owns 21,657 shares of the company's stock valued at $1,377,000 after acquiring an additional 7,929 shares during the last quarter. Baird Financial Group Inc. purchased a new position in shares of Trip.com Group in the 4th quarter valued at about $382,000. Finally, SG Americas Securities LLC purchased a new position in shares of Trip.com Group in the 1st quarter valued at about $432,000. Hedge funds and other institutional investors own 35.41% of the company's stock.

Trip.com Group Stock Performance

Trip.com Group stock traded up $0.60 during mid-day trading on Monday, reaching $62.97. 2,042,537 shares of the company were exchanged, compared to its average volume of 3,496,845. Trip.com Group Limited Sponsored ADR has a twelve month low of $41.22 and a twelve month high of $77.18. The firm's 50-day simple moving average is $60.91 and its two-hundred day simple moving average is $61.70. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.46 and a current ratio of 1.46. The firm has a market cap of $41.13 billion, a PE ratio of 18.25, a price-to-earnings-growth ratio of 2.99 and a beta of 0.06.

Analysts Set New Price Targets

A number of research firms have recently commented on TCOM. Bank of America increased their price objective on Trip.com Group from $68.00 to $70.00 and gave the company a "buy" rating in a report on Wednesday, May 21st. Benchmark reiterated a "buy" rating and issued a $80.00 price objective on shares of Trip.com Group in a report on Tuesday, May 20th. TD Securities raised their price target on Trip.com Group from $67.00 to $73.00 and gave the stock a "buy" rating in a research note on Tuesday, May 20th. Wall Street Zen downgraded Trip.com Group from a "buy" rating to a "hold" rating in a research note on Saturday, April 26th. Finally, Mizuho upgraded Trip.com Group to a "strong-buy" rating in a research note on Friday, May 2nd. One research analyst has rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $77.25.

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.