Hsbc Holdings PLC Buys 71,834 Shares of Trip.com Group Limited Sponsored ADR $TCOM

Key Points

• Hsbc Holdings PLC increased its stake in Trip.com Group by 271.5% during the first quarter, acquiring an additional 71,834 shares to total 98,289 shares valued at approximately $6.23 million.
• Analysts are bullish on Trip.com Group, with multiple firms raising their price targets, including TD Securities and Bank of America, resulting in an average price target of $77.25 with an overall "Buy" rating.
• The stock has shown positive trading momentum, with an opening price of $65.93, reflecting an impressive 12-month high of $77.18.

Hsbc Holdings PLC raised its holdings in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 271.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 98,289 shares of the company's stock after purchasing an additional 71,834 shares during the period. Hsbc Holdings PLC's holdings in Trip.com Group were worth $6,235,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Stone House Investment Management LLC bought a new position in Trip.com Group during the 1st quarter valued at approximately $32,000. Summit Securities Group LLC purchased a new stake in shares of Trip.com Group in the 1st quarter worth approximately $58,000. Allianz SE grew its stake in shares of Trip.com Group by 312.2% in 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 last quarter. Brooklyn Investment Group grew its stake in shares of Trip.com Group by 239.5% in the 1st quarter. Brooklyn Investment Group now owns 1,229 shares of the company's stock worth $78,000 after buying an additional 867 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted 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 valued at $104,000 after purchasing an additional 360 shares during the last quarter. Institutional investors own 35.41% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on TCOM shares. TD Securities increased their price target on Trip.com Group from $67.00 to $73.00 and gave the company a "buy" rating in a report on Tuesday, May 20th. Mizuho raised Trip.com Group to a "strong-buy" rating in a report on Friday, May 2nd. Benchmark reaffirmed a "buy" rating and issued a $80.00 target price on shares of Trip.com Group in a report on Tuesday, May 20th. Finally, Bank of America raised their target price on Trip.com Group from $68.00 to $70.00 and gave the stock a "buy" rating in a report on Wednesday, May 21st. Two analysts have rated the stock with a Strong Buy rating and ten have issued a Buy rating to the company. According to data from MarketBeat, the company has an average rating of "Buy" and an average price target of $77.25.

Trip.com Group Trading Up 1.6%

Shares of TCOM stock opened at $65.93 on Tuesday. Trip.com Group Limited Sponsored ADR has a 12-month low of $41.86 and a 12-month high of $77.18. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.13. The stock's 50-day moving average price is $61.28 and its 200-day moving average price is $61.46. The stock has a market capitalization of $43.07 billion, a price-to-earnings ratio of 19.11, a price-to-earnings-growth ratio of 3.11 and a beta of 0.06.

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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