OLD Mission Capital LLC Makes New Investment in 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 position in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 358,524 shares of the company's stock, valued at approximately $22,795,000. Trip.com Group makes up approximately 0.3% of OLD Mission Capital LLC's portfolio, making the stock its 24th largest position. OLD Mission Capital LLC owned 0.05% of Trip.com Group at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in TCOM. Mariner LLC raised its position in shares of Trip.com Group by 26.8% during the 4th quarter. Mariner LLC now owns 9,184 shares of the company's stock worth $631,000 after acquiring an additional 1,942 shares in the last quarter. First Trust Advisors LP raised its position in shares of Trip.com Group by 127.8% during the 4th quarter. First Trust Advisors LP now owns 83,700 shares of the company's stock worth $5,747,000 after acquiring an additional 46,957 shares in the last quarter. MML Investors Services LLC raised its position in shares of Trip.com Group by 44.0% during the 4th quarter. MML Investors Services LLC now owns 20,345 shares of the company's stock worth $1,397,000 after acquiring an additional 6,219 shares in the last quarter. Stifel Financial Corp lifted its position in Trip.com Group by 28.2% in the fourth quarter. Stifel Financial Corp now owns 22,054 shares of the company's stock valued at $1,514,000 after acquiring an additional 4,854 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in Trip.com Group by 3.5% in the fourth quarter. The Manufacturers Life Insurance Company now owns 128,924 shares of the company's stock valued at $8,852,000 after acquiring an additional 4,330 shares during the last quarter. Institutional investors and hedge funds own 35.41% of the company's stock.

Trip.com Group Stock Performance

Trip.com Group stock traded up $0.04 during mid-day trading on Wednesday, reaching $71.63. 1,497,234 shares of the company were exchanged, compared to its average volume of 3,508,263. Trip.com Group Limited Sponsored ADR has a twelve month low of $46.20 and a twelve month high of $77.18. The firm's 50-day simple moving average is $62.85 and its two-hundred day simple moving average is $61.61. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.46 and a current ratio of 1.33. The firm has a market cap of $46.79 billion, a PE ratio of 19.62, a price-to-earnings-growth ratio of 3.53 and a beta of 0.03.

Analyst Ratings Changes

A number of research analysts recently issued reports on TCOM shares. Bank of America raised their price target on Trip.com Group from $68.00 to $70.00 and gave the stock a "buy" rating in a research note on Wednesday, May 21st. Sanford C. Bernstein lifted their price target on Trip.com Group from $75.00 to $78.00 and gave the stock an "outperform" rating in a research report on Friday, August 29th. Mizuho lifted their price target on Trip.com Group from $78.00 to $81.00 and gave the stock an "outperform" rating in a research report on Thursday, August 28th. TD Securities lifted their price target on Trip.com Group from $67.00 to $73.00 and gave the stock a "buy" rating in a research report on Tuesday, May 20th. Finally, Benchmark reaffirmed a "buy" rating and set a $80.00 price target on shares of Trip.com Group in a research report on Tuesday, May 20th. One investment analyst has rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the company's stock. Based on data from MarketBeat, Trip.com Group has an average rating of "Buy" and an average 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.