OLD Mission Capital LLC Buys Shares of 358,524 Trip.com Group Limited Sponsored ADR $TCOM

Key Points

• OLD Mission Capital LLC has acquired a new stake in Trip.com Group Limited, purchasing 358,524 shares worth approximately $22.8 million, making it the firm's 24th largest position.
• A variety of institutional investors, including Allianz SE and Brooklyn Investment Group, have significantly increased their stakes in Trip.com Group, contributing to their overall 35.41% ownership of the company.
• Analysts have raised their price targets for Trip.com Group, with recent upgrades indicating a potential price target increase from $68 to up to $81, reflecting a strong overall sentiment towards the stock.

OLD Mission Capital LLC bought a new stake in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm bought 358,524 shares of the company's stock, valued at approximately $22,795,000. Trip.com Group comprises 0.3% of OLD Mission Capital LLC's holdings, making the stock its 24th biggest holding. OLD Mission Capital LLC owned approximately 0.05% of Trip.com Group at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. grew its position 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 worth $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 grew its position 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 worth $205,057,000 after purchasing an additional 2,839,142 shares during the last quarter. Davis Selected Advisers grew its position in Trip.com Group by 29.8% in the 1st quarter. Davis Selected Advisers now owns 4,862,997 shares of the company's stock worth $309,189,000 after purchasing an additional 1,115,836 shares during the last quarter. National Bank of Canada FI grew its position in Trip.com Group by 220,646.1% in the 1st quarter. National Bank of Canada FI now owns 1,019,847 shares of the company's stock worth $64,842,000 after purchasing an additional 1,019,385 shares during the last quarter. Finally, Invesco Ltd. grew its position in Trip.com Group by 135.3% in the 1st quarter. Invesco Ltd. now owns 1,444,890 shares of the company's stock worth $91,866,000 after purchasing an additional 830,808 shares during the last quarter. 35.41% of the stock is currently owned by institutional investors and hedge funds.

Trip.com Group Trading Down 2.9%

Shares of TCOM traded down $2.16 on Tuesday, reaching $71.59. 4,386,155 shares of the company's stock were exchanged, compared to its average volume of 3,520,584. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $46.77 billion, a P/E ratio of 19.61, a price-to-earnings-growth ratio of 3.53 and a beta of 0.03. The business has a 50 day moving average price of $62.59 and a two-hundred day moving average price of $61.54. Trip.com Group Limited Sponsored ADR has a 12 month low of $46.20 and a 12 month high of $77.18.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Mizuho raised their price target on shares of Trip.com Group from $78.00 to $81.00 and gave the stock an "outperform" rating in a research report on Thursday, August 28th. Sanford C. Bernstein lifted their target price on shares of Trip.com Group from $75.00 to $78.00 and gave the company an "outperform" rating in a research report on Friday. Benchmark reiterated a "buy" rating and set a $80.00 target price on shares of Trip.com Group in a research 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 report on Tuesday, May 20th. Finally, Barclays lifted their target price on shares of Trip.com Group from $84.00 to $85.00 and gave the company an "overweight" rating in a research report on Friday. One analyst has rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target 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.