Invesco Ltd. Boosts Stock Position in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM)

Key Points

• Invesco Ltd. increased its stake in Trip.com Group by 135.3% in the first quarter, acquiring an additional 830,808 shares for a total ownership of 1,444,890 shares, valued at approximately $91.87 million.
• Several institutional investors have also enhanced their positions in Trip.com Group, with hedge funds and other institutional investors owning 35.41% of the company's stock.
• Analysts have a generally positive outlook on Trip.com Group, with a consensus rating of "Buy" and a price target of approximately $77.25, reflecting increased confidence in the stock's future performance.

Invesco Ltd. grew its stake in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 135.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,444,890 shares of the company's stock after acquiring an additional 830,808 shares during the period. Invesco Ltd. owned 0.22% of Trip.com Group worth $91,866,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Cetera Investment Advisers lifted its position in shares of Trip.com Group by 0.7% during the first quarter. Cetera Investment Advisers now owns 22,704 shares of the company's stock worth $1,444,000 after acquiring an additional 166 shares in the last quarter. Natixis increased its holdings in shares of Trip.com Group by 13.1% in the fourth quarter. Natixis now owns 2,703 shares of the company's stock worth $186,000 after purchasing an additional 313 shares during the period. Townsquare Capital LLC increased its holdings in shares of Trip.com Group by 4.2% in the first quarter. Townsquare Capital LLC now owns 8,349 shares of the company's stock worth $531,000 after purchasing an additional 338 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Trip.com Group by 28.3% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,633 shares of the company's stock worth $104,000 after purchasing an additional 360 shares during the period. Finally, CWM LLC increased its holdings in shares of Trip.com Group by 15.0% in the first quarter. CWM LLC now owns 2,810 shares of the company's stock worth $179,000 after purchasing an additional 366 shares during the period. Hedge funds and other institutional investors own 35.41% of the company's stock.

Trip.com Group Stock Performance

NASDAQ TCOM opened at $62.37 on Friday. The company has a 50-day simple moving average of $60.91 and a two-hundred day simple moving average of $61.85. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.13. Trip.com Group Limited Sponsored ADR has a 12-month low of $41.22 and a 12-month high of $77.18. The firm has a market cap of $40.74 billion, a price-to-earnings ratio of 18.08, a PEG ratio of 2.89 and a beta of 0.06.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. TD Securities upped their price target 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 reaffirmed a "buy" rating and issued a $80.00 price target on shares of Trip.com Group in a report on Tuesday, May 20th. Mizuho raised shares of Trip.com Group to a "strong-buy" rating in a report on Friday, May 2nd. Wall Street Zen cut shares of Trip.com Group from a "buy" rating to a "hold" rating in a report on Saturday, April 26th. Finally, Bank of America increased their target price on Trip.com Group from $68.00 to $70.00 and gave the company a "buy" rating in a research note on Wednesday, May 21st. One analyst has rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Trip.com Group currently has an average rating of "Buy" and a consensus price target of $77.25.

Trip.com Group 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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