Northern Trust Corp Has $47.54 Million Stake in Trip.com Group Limited Sponsored ADR $TCOM

Key Points

• Northern Trust Corp increased its stake in Trip.com Group Limited by 32.6%, owning approximately 747,772 shares valued at $47.54 million as of its latest SEC filing.
• Several analysts have rated Trip.com Group highly, with a consensus "Buy" rating and a target price of $77.25, indicating confidence in the company's growth.
• Trip.com Group's stock has shown notable performance, opening at $65.29 and having a market capitalization of $42.65 billion as of the latest figures.

Northern Trust Corp grew its holdings in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 32.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 747,772 shares of the company's stock after purchasing an additional 183,640 shares during the period. Northern Trust Corp owned about 0.11% of Trip.com Group worth $47,543,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Principal Financial Group Inc. increased its holdings in shares of Trip.com Group by 4.1% in the 1st quarter. Principal Financial Group Inc. now owns 257,077 shares of the company's stock valued at $16,345,000 after purchasing an additional 10,124 shares during the period. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Trip.com Group in the 1st quarter valued at about $690,000. Cerity Partners LLC increased its holdings in shares of Trip.com Group by 57.8% in the 1st quarter. Cerity Partners LLC now owns 21,657 shares of the company's stock valued at $1,377,000 after purchasing an additional 7,929 shares during the period. Baird Financial Group Inc. acquired a new position in Trip.com Group in the 4th quarter worth about $382,000. Finally, LPL Financial LLC increased its position in Trip.com Group by 219.7% in the 1st quarter. LPL Financial LLC now owns 44,706 shares of the company's stock worth $2,842,000 after purchasing an additional 30,723 shares during the last quarter. Institutional investors and hedge funds own 35.41% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on TCOM shares. Benchmark reiterated a "buy" rating and set a $80.00 price target on shares of Trip.com Group in a report on Tuesday, May 20th. TD Securities lifted 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 note on Tuesday, May 20th. Mizuho raised shares of Trip.com Group to a "strong-buy" rating in a research report on Friday, May 2nd. Finally, Bank of America boosted their target price 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. Two equities research analysts have rated the stock with a Strong Buy rating and ten have given a Buy rating to the company. According to MarketBeat, Trip.com Group has an average rating of "Buy" and a consensus target price of $77.25.

Trip.com Group Stock Up 0.6%

Shares of Trip.com Group stock opened at $65.29 on Thursday. The stock has a market capitalization of $42.65 billion, a P/E ratio of 18.92, a PEG ratio of 3.11 and a beta of 0.06. 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 moving average price of $61.54 and a two-hundred day moving average price of $61.51. Trip.com Group Limited Sponsored ADR has a 12-month low of $46.17 and a 12-month high of $77.18.

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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