HighTower Advisors LLC Buys Shares of 59,755 Trip.com Group Limited Sponsored ADR $TCOM

Key Points

• HighTower Advisors LLC purchased 59,755 shares of Trip.com Group Limited, valued at approximately $3.8 million, indicating growing institutional interest in the stock.
• Several analysts have recently boosted their price targets for Trip.com Group, with TD Securities raising theirs from $67.00 to $73.00, reflecting positive market sentiment.
• The company's shares have traded down 2.6%, with a current market capitalization of $41.27 billion and a consensus rating of "Buy" among analysts.

HighTower Advisors LLC purchased a new position in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 59,755 shares of the company's stock, valued at approximately $3,799,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TCOM. Allianz SE increased its stake in Trip.com Group by 312.2% during the 1st quarter. Allianz SE now owns 1,150 shares of the company's stock worth $73,000 after buying an additional 871 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Trip.com Group by 28.3% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,633 shares of the company's stock worth $104,000 after buying an additional 360 shares during the period. GAMMA Investing LLC grew its holdings in Trip.com Group by 6,259.0% during the 1st quarter. GAMMA Investing LLC now owns 2,480 shares of the company's stock worth $158,000 after acquiring an additional 2,441 shares in the last quarter. CWM LLC grew its holdings in Trip.com Group by 15.0% during the 1st quarter. CWM LLC now owns 2,810 shares of the company's stock worth $179,000 after acquiring an additional 366 shares in the last quarter. Finally, Natixis grew its holdings in Trip.com Group by 13.1% during the 4th quarter. Natixis now owns 2,703 shares of the company's stock worth $186,000 after acquiring an additional 313 shares in the last quarter. Hedge funds and other institutional investors own 35.41% of the company's stock.

Trip.com Group Stock Performance

Shares of NASDAQ TCOM traded down $1.00 during midday trading on Tuesday, hitting $64.93. The company's stock had a trading volume of 2,166,668 shares, compared to its average volume of 3,025,209. Trip.com Group Limited Sponsored ADR has a 1-year low of $45.11 and a 1-year high of $77.18. The firm's fifty day moving average price is $61.37 and its 200-day moving average price is $61.48. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.46 and a current ratio of 1.46. The firm has a market cap of $42.42 billion, a P/E ratio of 18.82, a P/E/G ratio of 3.16 and a beta of 0.06.

Analyst Upgrades and Downgrades

TCOM has been the subject of several recent analyst reports. TD Securities raised their price objective on shares of 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 set a $80.00 price objective on shares of Trip.com Group in a report on Tuesday, May 20th. Bank of America raised their price objective on shares of Trip.com Group from $68.00 to $70.00 and gave the stock a "buy" rating in a report on Wednesday, May 21st. Finally, Mizuho raised shares of Trip.com Group to a "strong-buy" rating in a report on Friday, May 2nd. Two research analysts have rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the stock. According to data from MarketBeat, Trip.com Group currently 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.