Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) Shares Purchased by Mackenzie Financial Corp

Key Points

• Mackenzie Financial Corp increased its position in Trip.com Group Limited by 20.4% during the first quarter, owning a total of 718,327 shares valued at approximately $45.67 million.
• Analyst ratings for Trip.com Group are predominantly positive, with reports indicating ten "buy" ratings, two "strong buy" ratings, and a target price averaging $77.25.
• Trip.com Group's stock is currently priced at $63.13, with a market capitalization of $41.24 billion, having experienced a slight decline of 0.6% recently.

Mackenzie Financial Corp raised its position in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 20.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 718,327 shares of the company's stock after purchasing an additional 121,568 shares during the period. Mackenzie Financial Corp owned 0.11% of Trip.com Group worth $45,671,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of TCOM. FMR LLC increased its position 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 valued at $1,722,587,000 after purchasing an additional 13,964,875 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position 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 valued at $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 grew its position 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 valued at $205,057,000 after buying an additional 2,839,142 shares during the last quarter. Wellington Management Group LLP grew its position in shares of Trip.com Group by 92.9% in the 4th quarter. Wellington Management Group LLP now owns 4,364,985 shares of the company's stock valued at $299,700,000 after buying an additional 2,101,937 shares during the last quarter. Finally, Voya Investment Management LLC grew its position 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 valued at $144,649,000 after buying an additional 1,859,401 shares during the last quarter. 35.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TCOM has been the topic of a number of recent analyst reports. TD Securities increased their target price on shares of Trip.com Group from $67.00 to $73.00 and gave the company a "buy" rating in a research report on Tuesday, May 20th. Mizuho raised shares of Trip.com Group to a "strong-buy" rating in a research report on Friday, May 2nd. 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. 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 research report on Wednesday, May 21st. Finally, Benchmark reissued a "buy" rating and set a $80.00 price objective on shares of Trip.com Group in a research report on Tuesday, May 20th. One research analyst has rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Trip.com Group has an average rating of "Buy" and a consensus price target of $77.25.

Trip.com Group Trading Down 2.1%

Trip.com Group stock traded down $1.32 during trading on Friday, reaching $60.63. The company had a trading volume of 2,202,190 shares, compared to its average volume of 2,339,151. Trip.com Group Limited Sponsored ADR has a 12-month low of $38.23 and a 12-month high of $77.18. The stock's 50 day moving average price is $61.23 and its two-hundred day moving average price is $62.35. The firm has a market capitalization of $39.61 billion, a price-to-earnings ratio of 17.57, a PEG ratio of 2.97 and a beta of 0.06. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.46 and a current ratio of 1.46.

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.