Edmond DE Rothschild Holding S.A. Has $3.34 Million Holdings in Trip.com Group Limited Sponsored ADR $TCOM

Key Points

• Edmond DE Rothschild Holding S.A. reduced its holdings in Trip.com Group by 24.1%, now owning 52,472 shares valued at approximately $3.34 million as of the latest quarter.
• Institutional investors have shown significant interest in Trip.com Group, with Mirae Asset Global Investments increasing their stake by 1,609.6% during the same period, now holding nearly 12.9 million shares.
• Several analysts have raised their price targets for Trip.com Group, with Bank of America setting a new target of $70 and Barclays increasing theirs to $85, reflecting a generally bullish outlook on the stock.

Edmond DE Rothschild Holding S.A. cut its holdings in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 24.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 52,472 shares of the company's stock after selling 16,678 shares during the quarter. Edmond DE Rothschild Holding S.A.'s holdings in Trip.com Group were worth $3,336,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of TCOM. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Trip.com Group by 1,609.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,920,955 shares of the company's stock worth $821,514,000 after purchasing an additional 12,165,176 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in shares of Trip.com Group by 1,925.9% during the 4th 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 purchasing an additional 2,839,142 shares in the last quarter. Davis Selected Advisers raised its stake in shares of Trip.com Group by 29.8% during the 1st quarter. Davis Selected Advisers now owns 4,862,997 shares of the company's stock worth $309,189,000 after purchasing an additional 1,115,836 shares in the last quarter. National Bank of Canada FI raised its stake in shares of Trip.com Group by 220,646.1% during the 1st quarter. National Bank of Canada FI now owns 1,019,847 shares of the company's stock worth $64,842,000 after purchasing an additional 1,019,385 shares in the last quarter. Finally, Invesco Ltd. raised its stake in shares of Trip.com Group by 135.3% during the 1st quarter. Invesco Ltd. now owns 1,444,890 shares of the company's stock worth $91,866,000 after purchasing an additional 830,808 shares in the last quarter. 35.41% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TCOM has been the subject of a number of recent research reports. Bank of America raised their price target on Trip.com Group from $68.00 to $70.00 and gave the stock a "buy" rating in a research note on Wednesday, May 21st. Barclays raised their price target on Trip.com Group from $84.00 to $85.00 and gave the stock an "overweight" rating in a research note on Friday, August 29th. Sanford C. Bernstein raised their price objective on Trip.com Group from $75.00 to $78.00 and gave the company an "outperform" rating in a research note on Friday, August 29th. Mizuho raised their price objective on Trip.com Group from $78.00 to $81.00 and gave the company an "outperform" rating in a research note on Thursday, August 28th. Finally, Benchmark reissued a "buy" rating and issued a $80.00 price objective on shares of Trip.com Group in a research note on Tuesday, May 20th. One analyst has rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $76.98.

Trip.com Group Stock Up 2.5%

Shares of TCOM stock opened at $72.99 on Friday. The stock's 50 day simple moving average is $63.37 and its 200 day simple moving average is $61.70. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.33 and a current ratio of 1.33. Trip.com Group Limited Sponsored ADR has a twelve month low of $46.20 and a twelve month high of $77.18. The company has a market capitalization of $47.68 billion, a price-to-earnings ratio of 20.00, a PEG ratio of 2.94 and a beta of 0.03.

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.

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