Greenwoods Asset Management Hong Kong Ltd. Raises Stock Holdings in Trip.com Group Limited Sponsored ADR $TCOM

Key Points

Error: Response status code does not indicate success: 429 (Too Many Requests).

Greenwoods Asset Management Hong Kong Ltd. lifted its position in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 118.9% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 383,543 shares of the company's stock after purchasing an additional 208,307 shares during the period. Trip.com Group comprises approximately 0.8% of Greenwoods Asset Management Hong Kong Ltd.'s portfolio, making the stock its 17th biggest holding. Greenwoods Asset Management Hong Kong Ltd. owned about 0.06% of Trip.com Group worth $24,386,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hsbc Holdings PLC grew its holdings in Trip.com Group by 271.5% in the 1st quarter. Hsbc Holdings PLC now owns 98,289 shares of the company's stock worth $6,235,000 after acquiring an additional 71,834 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of Trip.com Group by 32.6% during the first quarter. Northern Trust Corp now owns 747,772 shares of the company's stock worth $47,543,000 after purchasing an additional 183,640 shares during the period. Brooklyn Investment Group grew its stake in shares of Trip.com Group by 239.5% in the first quarter. Brooklyn Investment Group now owns 1,229 shares of the company's stock worth $78,000 after purchasing an additional 867 shares during the last quarter. Summit Securities Group LLC purchased a new position in Trip.com Group during the 1st quarter valued at about $58,000. Finally, Ethic Inc. raised its position in Trip.com Group by 3.7% during the 1st quarter. Ethic Inc. now owns 36,760 shares of the company's stock valued at $2,322,000 after purchasing an additional 1,308 shares during the last quarter. 35.41% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

TCOM has been the topic of a number of recent analyst reports. Bank of America lifted their price objective on Trip.com Group from $68.00 to $70.00 and gave the stock a "buy" rating in a research report on Wednesday, May 21st. TD Securities boosted their price objective on shares of Trip.com Group from $67.00 to $73.00 and gave the company a "buy" rating in a research report on Tuesday, May 20th. Mizuho upgraded shares of Trip.com Group to a "strong-buy" rating in a report on Friday, May 2nd. Benchmark reaffirmed a "buy" rating and set a $80.00 target price on shares of Trip.com Group in a research note on Tuesday, May 20th. Finally, Wall Street Zen cut shares of Trip.com Group from a "buy" rating to a "hold" rating in a research report on Saturday, April 26th. Two research analysts have rated the stock with a Strong Buy rating and ten have issued a Buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $77.25.

Trip.com Group Stock Up 0.7%

Trip.com Group stock traded up $0.44 on Thursday, hitting $63.62. 1,982,955 shares of the stock traded hands, compared to its average volume of 2,899,124. The business's fifty day simple moving average is $61.07 and its 200 day simple moving average is $61.62. The firm has a market cap of $41.56 billion, a P/E ratio of 18.44, a price-to-earnings-growth ratio of 3.03 and a beta of 0.06. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.13. Trip.com Group Limited Sponsored ADR has a 1 year low of $41.86 and a 1 year high of $77.18.

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.