Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) Stock Holdings Increased by Green Court Capital Management Ltd

Key Points

• Green Court Capital Management Ltd significantly increased its stake in Trip.com Group by 81.3% in the first quarter, making the stock its second largest holding, valued at approximately $50.9 million.
• Trip.com Group's stock has received multiple favorable ratings from analysts, with a consensus rating of "Buy" and an average target price of $77.25.
• The company has a current market capitalization of $40.61 billion and a robust financial profile, with a debt-to-equity ratio of 0.13.

Green Court Capital Management Ltd grew its holdings in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 81.3% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 800,600 shares of the company's stock after purchasing an additional 358,900 shares during the period. Trip.com Group makes up approximately 30.0% of Green Court Capital Management Ltd's holdings, making the stock its 2nd largest position. Green Court Capital Management Ltd owned approximately 0.12% of Trip.com Group worth $50,902,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in TCOM. National Bank of Canada FI lifted its holdings in shares of Trip.com Group by 227.7% in the 4th quarter. National Bank of Canada FI now owns 462 shares of the company's stock valued at $32,000 after acquiring an additional 321 shares during the last quarter. Allianz SE grew its holdings in Trip.com Group by 312.2% in the first quarter. Allianz SE now owns 1,150 shares of the company's stock worth $73,000 after purchasing an additional 871 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Trip.com Group by 28.3% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,633 shares of the company's stock valued at $104,000 after buying an additional 360 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Trip.com Group by 6,259.0% during the first quarter. GAMMA Investing LLC now owns 2,480 shares of the company's stock valued at $158,000 after buying an additional 2,441 shares during the last quarter. Finally, Natixis grew its holdings in shares of Trip.com Group by 13.1% during the fourth quarter. Natixis now owns 2,703 shares of the company's stock valued at $186,000 after buying an additional 313 shares during the last quarter. 35.41% of the stock is currently owned by hedge funds and other institutional investors.

Trip.com Group Trading Up 1.2%

Shares of TCOM stock traded up $0.70 during trading on Monday, hitting $59.50. 4,062,488 shares of the stock traded hands, compared to its average volume of 3,477,663. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.46 and a quick ratio of 1.46. The firm has a market capitalization of $38.87 billion, a P/E ratio of 17.24, a price-to-earnings-growth ratio of 2.82 and a beta of 0.06. The firm's fifty day moving average price is $61.06 and its 200-day moving average price is $62.08. Trip.com Group Limited Sponsored ADR has a 52-week low of $40.71 and a 52-week high of $77.18.

Analysts Set New Price Targets

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