LPL Financial LLC Grows Stake in Trip.com Group Limited Sponsored ADR $TCOM

Key Points

• LPL Financial LLC increased its stake in Trip.com Group Limited by 219.7% during the first quarter, now owning 44,706 shares valued at approximately $2.84 million.
• Other institutional investors, including Mirae Asset Global Investments and DZ BANK AG, have also significantly increased their holdings in Trip.com Group, reflecting strong institutional interest.
• Trip.com Group shares are currently experiencing a buy rating from multiple analysts, with price targets ranging from $70.00 to $80.00.

LPL Financial LLC lifted its stake in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 219.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 44,706 shares of the company's stock after buying an additional 30,723 shares during the period. LPL Financial LLC's holdings in Trip.com Group were worth $2,842,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Trip.com Group by 1,609.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,920,955 shares of the company's stock valued at $821,514,000 after purchasing an additional 12,165,176 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in Trip.com Group by 1,925.9% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,986,561 shares of the company's stock valued at $205,057,000 after purchasing an additional 2,839,142 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in Trip.com Group by 24.3% in the fourth quarter. Janus Henderson Group PLC now owns 2,412,761 shares of the company's stock valued at $165,686,000 after purchasing an additional 471,768 shares during the last quarter. Voya Investment Management LLC boosted its holdings in Trip.com Group by 751.8% in the fourth quarter. Voya Investment Management LLC now owns 2,106,740 shares of the company's stock valued at $144,649,000 after purchasing an additional 1,859,401 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Trip.com Group by 16,640.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,431,336 shares of the company's stock valued at $98,277,000 after purchasing an additional 1,422,786 shares during the last quarter. 35.41% of the stock is currently owned by institutional investors and hedge funds.

Trip.com Group Price Performance

Shares of NASDAQ:TCOM opened at $62.37 on Monday. The company's fifty day moving average price is $60.91 and its 200 day moving average price is $61.70. Trip.com Group Limited Sponsored ADR has a 12 month low of $41.22 and a 12 month high of $77.18. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.46 and a quick ratio of 1.46. The firm has a market capitalization of $40.74 billion, a P/E ratio of 18.08, a P/E/G ratio of 2.99 and a beta of 0.06.

Wall Street Analyst Weigh In

Several research firms have commented on TCOM. TD Securities upped their price target on shares of Trip.com Group from $67.00 to $73.00 and gave the company a "buy" rating in a report on Tuesday, May 20th. Wall Street Zen downgraded shares of Trip.com Group from a "buy" rating to a "hold" rating in a research report on Saturday, April 26th. Mizuho upgraded shares of Trip.com Group to a "strong-buy" rating in a research report on Friday, May 2nd. Benchmark reiterated a "buy" rating and issued a $80.00 price objective on shares of Trip.com Group in a research report on Tuesday, May 20th. Finally, Bank of America upped their price objective on shares of Trip.com Group from $68.00 to $70.00 and gave the stock a "buy" rating in a research report on Wednesday, May 21st. One research analyst has rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target 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.

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