Erste Asset Management GmbH Invests $1.25 Million in Trip.com Group Limited Sponsored ADR $TCOM

Key Points

• Erste Asset Management GmbH has acquired a new stake in Trip.com Group Limited by purchasing 20,000 shares valued at approximately $1,254,000 during the first quarter.
• Institutional investors have significantly increased their holdings in Trip.com Group, with Hsbc Holdings PLC raising its stakes by 271.5% to about $6.23 million.
• Equities analysts are optimistic about Trip.com Group, with several institutions issuing buy ratings and raising price targets, with a current consensus price target of $77.25.

Erste Asset Management GmbH bought a new position in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 20,000 shares of the company's stock, valued at approximately $1,254,000.

Several other large investors have also recently bought and sold shares of TCOM. Raymond James Financial Inc. acquired a new stake in Trip.com Group in the fourth quarter valued at approximately $4,192,000. Mariner LLC raised its stake in shares of Trip.com Group by 26.8% during the 4th quarter. Mariner LLC now owns 9,184 shares of the company's stock valued at $631,000 after purchasing an additional 1,942 shares during the period. First Trust Advisors LP grew its position in Trip.com Group by 127.8% during the fourth quarter. First Trust Advisors LP now owns 83,700 shares of the company's stock worth $5,747,000 after buying an additional 46,957 shares in the last quarter. Natixis grew its position in Trip.com Group by 13.1% during the fourth quarter. Natixis now owns 2,703 shares of the company's stock worth $186,000 after buying an additional 313 shares in the last quarter. Finally, MML Investors Services LLC grew its position in Trip.com Group by 44.0% during the fourth quarter. MML Investors Services LLC now owns 20,345 shares of the company's stock worth $1,397,000 after buying an additional 6,219 shares in the last quarter. 35.41% of the stock is currently owned by institutional investors.

Trip.com Group Stock Down 0.1%

TCOM traded down $0.07 during trading on Wednesday, hitting $64.87. 1,378,447 shares of the company's stock traded hands, compared to its average volume of 3,467,310. The stock has a market capitalization of $42.37 billion, a price-to-earnings ratio of 18.81, a PEG ratio of 3.16 and a beta of 0.06. Trip.com Group Limited Sponsored ADR has a 12-month low of $46.17 and a 12-month high of $77.18. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.13. The company's 50 day simple moving average is $61.37 and its two-hundred day simple moving average is $61.48.

Analyst Ratings Changes

Several research firms have weighed in on TCOM. TD Securities increased their price objective on Trip.com Group from $67.00 to $73.00 and gave the stock a "buy" rating in a report on Tuesday, May 20th. 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. Mizuho upgraded Trip.com Group to a "strong-buy" rating in a report on Friday, May 2nd. Finally, Bank of America increased their price objective on Trip.com Group from $68.00 to $70.00 and gave the stock a "buy" rating in a report on Wednesday, May 21st. Two research analysts have rated the stock with a Strong Buy rating and ten have given a Buy rating to the company's stock. According to data from MarketBeat.com, Trip.com Group presently has a consensus rating of "Buy" and an average target price of $77.25.

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.