Goldman Sachs Group Inc. Raises Stock Holdings in Trip.com Group Limited Sponsored ADR $TCOM

Key Points

• Goldman Sachs increased its holdings in Trip.com Group by 97.2%, resulting in ownership of 1,471,349 shares valued at approximately $93.5 million.
• Multiple hedge funds have significantly boosted their stakes in Trip.com Group, with Mirae Asset Global Investments increasing its holdings by 1,609.6% to a total of nearly 12.9 million shares.
• Wall Street analysts are optimistic, with TD Securities and others raising their target price, indicating an overall consensus rating of "Buy" for the company's stock.

Goldman Sachs Group Inc. increased its position in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 97.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,471,349 shares of the company's stock after purchasing an additional 725,132 shares during the period. Goldman Sachs Group Inc. owned 0.23% of Trip.com Group worth $93,548,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Trip.com Group by 1,609.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,920,955 shares of the company's stock worth $821,514,000 after acquiring an additional 12,165,176 shares in the last quarter. Davis Selected Advisers boosted its holdings in Trip.com Group by 29.8% in the first quarter. Davis Selected Advisers now owns 4,862,997 shares of the company's stock worth $309,189,000 after acquiring an additional 1,115,836 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in Trip.com Group by 48.7% in the first quarter. Russell Investments Group Ltd. now owns 2,386,398 shares of the company's stock worth $151,727,000 after acquiring an additional 781,916 shares in the last quarter. Kontiki Capital Management HK Ltd. boosted its holdings in Trip.com Group by 3.4% in the first quarter. Kontiki Capital Management HK Ltd. now owns 1,929,847 shares of the company's stock worth $122,700,000 after acquiring an additional 63,407 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Trip.com Group by 11.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,592,631 shares of the company's stock worth $101,261,000 after acquiring an additional 161,295 shares in the last quarter. 35.41% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. TD Securities boosted their target price 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 reissued a "buy" rating and issued a $80.00 target price on shares of Trip.com Group in a report on Tuesday, May 20th. Mizuho boosted their target price on Trip.com Group from $78.00 to $81.00 and gave the stock an "outperform" rating in a report on Thursday, August 28th. Bank of America upped their price target on Trip.com Group from $68.00 to $70.00 and gave the company a "buy" rating in a report on Wednesday, May 21st. Finally, Sanford C. Bernstein upped their price target on Trip.com Group from $75.00 to $78.00 and gave the company an "outperform" rating in a report on Friday, August 29th. Two investment analysts have rated the stock with a Strong Buy rating and eleven have given a Buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $76.98.

Trip.com Group Trading Down 1.3%

Shares of NASDAQ:TCOM opened at $73.87 on Friday. The company has a market cap of $48.26 billion, a P/E ratio of 20.24, a PEG ratio of 3.09 and a beta of 0.03. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.33 and a quick ratio of 1.33. Trip.com Group Limited Sponsored ADR has a 1 year low of $46.20 and a 1 year high of $77.18. The stock's fifty day moving average price is $65.10 and its 200-day moving average price is $62.05.

Trip.com Group Company 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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