National Bank of Canada FI Acquires 1,019,385 Shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM)

Key Points

• National Bank of Canada FI significantly increased its stake in Trip.com Group by over 220,000%, owning more than 1 million shares valued at approximately $64.8 million.
• Other institutional investors, including Allianz SE and GAMMA Investing LLC, also made substantial increases to their positions, reflecting growing interest in Trip.com Group.
• Analysts have issued a mix of ratings, with several upgrading the stock to a "strong-buy" rating, and a target price range reaching up to $80.00.

National Bank of Canada FI raised its holdings in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 220,646.1% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,019,847 shares of the company's stock after buying an additional 1,019,385 shares during the quarter. National Bank of Canada FI owned 0.16% of Trip.com Group worth $64,842,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TCOM. Mirae Asset Global Investments Co. Ltd. grew its holdings in 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 holdings in 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. Voya Investment Management LLC grew its holdings in 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. Price T Rowe Associates Inc. MD grew its holdings in 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 valued at $98,277,000 after buying an additional 1,422,786 shares during the last quarter. Finally, Voloridge Investment Management LLC grew its holdings in shares of Trip.com Group by 93.7% during the 4th quarter. Voloridge Investment Management LLC now owns 1,244,863 shares of the company's stock worth $85,472,000 after purchasing an additional 602,151 shares in the last quarter. Institutional investors and hedge funds own 35.41% of the company's stock.

Trip.com Group Price Performance

TCOM stock traded down $0.14 during trading on Tuesday, hitting $59.34. The company had a trading volume of 4,310,289 shares, compared to its average volume of 3,491,586. The company has a fifty day moving average price of $60.98 and a two-hundred day moving average price of $61.99. 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 company has a market cap of $38.77 billion, a P/E ratio of 17.20, a P/E/G ratio of 2.82 and a beta of 0.06. Trip.com Group Limited Sponsored ADR has a fifty-two week low of $40.71 and a fifty-two week high of $77.18.

Analysts Set New Price Targets

Several analysts have recently weighed in on TCOM shares. Mizuho raised Trip.com Group to a "strong-buy" rating in a report on Friday, May 2nd. Bank of America lifted their price objective on Trip.com Group from $68.00 to $70.00 and gave the stock a "buy" rating in a report on Wednesday, May 21st. Benchmark reissued a "buy" rating and set a $80.00 price objective on shares of Trip.com Group in a report on Tuesday, May 20th. Wall Street Zen lowered Trip.com Group from a "buy" rating to a "hold" rating in a report on Saturday, April 26th. Finally, TD Securities lifted their price objective on Trip.com Group from $67.00 to $73.00 and gave the stock a "buy" rating in a report on Tuesday, May 20th. One research analyst has rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $77.25.

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.