Jefferies Financial Group Inc. Invests $2.42 Million in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM)

Key Points

• Jefferies Financial Group Inc. has purchased 38,131 shares of Trip.com Group valued at approximately $2.4 million, reflecting increasing interest from institutional investors.
• Multiple research firms, including Mizuho and TD Securities, have upgraded Trip.com Group shares to "strong-buy" with an increased price target, indicating strong market confidence.
• Trip.com Group's stock is currently trading at $60.63 with a market capitalization of $39.61 billion and has shown significant growth potential as indicated by analyst ratings and target price forecasts.

Jefferies Financial Group Inc. bought a new stake in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 38,131 shares of the company's stock, valued at approximately $2,424,000.

Other institutional investors have also added to or reduced their stakes in the company. FMR LLC boosted its stake in shares of Trip.com Group by 125.5% in the 4th quarter. FMR LLC now owns 25,088,658 shares of the company's stock worth $1,722,587,000 after buying an additional 13,964,875 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Trip.com Group by 1,609.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,920,955 shares of the company's stock worth $821,514,000 after buying an additional 12,165,176 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in shares of Trip.com Group by 1,925.9% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,986,561 shares of the company's stock worth $205,057,000 after buying an additional 2,839,142 shares during the last quarter. Voya Investment Management LLC boosted its stake in shares of Trip.com Group by 751.8% in the 4th quarter. Voya Investment Management LLC now owns 2,106,740 shares of the company's stock worth $144,649,000 after buying an additional 1,859,401 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of Trip.com Group by 16,640.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,431,336 shares of the company's stock worth $98,277,000 after buying an additional 1,422,786 shares during the last quarter. 35.41% of the stock is currently owned by hedge funds and other institutional investors.

Trip.com Group Price Performance

NASDAQ:TCOM traded down $0.14 on Tuesday, reaching $61.92. 138,668 shares of the company's stock traded hands, compared to its average volume of 3,474,624. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.13. The stock has a 50-day simple moving average of $61.22 and a 200-day simple moving average of $62.27. The firm has a market cap of $40.45 billion, a PE ratio of 17.95, a P/E/G ratio of 2.91 and a beta of 0.06. Trip.com Group Limited Sponsored ADR has a 12 month low of $40.71 and a 12 month high of $77.18.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on TCOM shares. Wall Street Zen downgraded Trip.com Group from a "buy" rating to a "hold" rating in a research note on Saturday, April 26th. Bank of America raised their price target on Trip.com Group from $68.00 to $70.00 and gave the stock a "buy" rating in a research note 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 raised their target price on Trip.com Group from $67.00 to $73.00 and gave the stock a "buy" rating in a report on Tuesday, May 20th. Finally, Mizuho raised Trip.com Group to a "strong-buy" rating in a report on Friday, May 2nd. One analyst has rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock 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.