GF Fund Management CO. LTD. decreased its holdings in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 24.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 290,119 shares of the company's stock after selling 94,009 shares during the quarter. GF Fund Management CO. LTD.'s holdings in Trip.com Group were worth $18,446,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. National Bank of Canada FI grew its holdings in Trip.com Group by 227.7% during the 4th quarter. National Bank of Canada FI now owns 462 shares of the company's stock worth $32,000 after acquiring an additional 321 shares during the period. Rakuten Securities Inc. increased its stake in Trip.com Group by 1,496.7% in the 4th quarter. Rakuten Securities Inc. now owns 479 shares of the company's stock valued at $33,000 after buying an additional 449 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in Trip.com Group by 443.5% during the fourth quarter. Farther Finance Advisors LLC now owns 625 shares of the company's stock worth $43,000 after buying an additional 510 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in Trip.com Group in the 4th quarter valued at $94,000. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Trip.com Group during the 4th quarter worth approximately $121,000. 35.41% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of brokerages have recently weighed in on TCOM. Benchmark reaffirmed a "buy" rating and set a $80.00 price target on shares of Trip.com Group in a report on Tuesday, May 20th. Mizuho raised Trip.com Group to a "strong-buy" rating in a research report on Friday, May 2nd. 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 research note on Tuesday, May 20th. Bank of America raised their price objective on Trip.com Group from $68.00 to $70.00 and gave the company a "buy" rating in a research report on Wednesday, May 21st. Finally, Wall Street Zen downgraded Trip.com Group from a "buy" rating to a "hold" rating in a research report on Saturday, April 26th. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $77.25.
Check Out Our Latest Analysis on TCOM
Trip.com Group Stock Performance
NASDAQ TCOM opened at $58.80 on Friday. Trip.com Group Limited Sponsored ADR has a fifty-two week low of $38.23 and a fifty-two week high of $77.18. The business's 50 day moving average price is $61.13 and its 200-day moving average price is $63.25. The company has a market cap of $38.41 billion, a P/E ratio of 17.04, a P/E/G ratio of 2.79 and a beta of 0.07. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.46 and a current ratio of 1.46.
About Trip.com Group
(
Free Report)
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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