Trip.com Group Limited Sponsored ADR $TCOM Shares Bought by Northern Trust Corp

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 boosted its stake in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 32.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 747,772 shares of the company's stock after acquiring an additional 183,640 shares during the quarter. Northern Trust Corp owned 0.11% of Trip.com Group worth $47,543,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Stone House Investment Management LLC purchased a new position in Trip.com Group during the first quarter valued at approximately $32,000. Summit Securities Group LLC purchased a new position in Trip.com Group during the first quarter valued at approximately $58,000. Allianz SE grew its holdings in Trip.com Group by 312.2% in the first quarter. Allianz SE now owns 1,150 shares of the company's stock valued at $73,000 after purchasing an additional 871 shares during the period. Brooklyn Investment Group grew its holdings in Trip.com Group by 239.5% in the first quarter. Brooklyn Investment Group now owns 1,229 shares of the company's stock valued at $78,000 after purchasing an additional 867 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Trip.com Group by 28.3% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,633 shares of the company's stock valued at $104,000 after purchasing an additional 360 shares during the period. 35.41% of the stock is currently owned by hedge funds and other institutional investors.

Trip.com Group Price Performance

TCOM stock traded down $2.16 during midday trading on Tuesday, reaching $71.59. The stock had a trading volume of 4,391,239 shares, compared to its average volume of 3,467,233. The company's fifty day simple moving average is $62.85 and its 200 day simple moving average is $61.61. The company has a current ratio of 1.33, a quick ratio of 1.46 and a debt-to-equity ratio of 0.07. The company has a market cap of $46.77 billion, a price-to-earnings ratio of 19.61, a price-to-earnings-growth ratio of 3.53 and a beta of 0.03. Trip.com Group Limited Sponsored ADR has a 52-week low of $46.20 and a 52-week high of $77.18.

Wall Street Analysts Forecast Growth

Several analysts have commented on TCOM shares. Bank of America raised their price objective on Trip.com Group from $68.00 to $70.00 and gave the company a "buy" rating in a report on Wednesday, May 21st. TD Securities raised their price objective on Trip.com Group from $67.00 to $73.00 and gave the company a "buy" rating in a report on Tuesday, May 20th. Barclays raised their price objective on Trip.com Group from $84.00 to $85.00 and gave the company an "overweight" rating in a report on Friday. Mizuho raised their price objective on Trip.com Group from $78.00 to $81.00 and gave the company an "outperform" rating in a report on Thursday, August 28th. Finally, Benchmark reissued a "buy" rating and issued a $80.00 price objective on shares of Trip.com Group in a report on Tuesday, May 20th. One equities research analyst has rated the stock with a Strong Buy rating and eleven have given a Buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $76.98.

Trip.com Group 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.