OneAscent Investment Solutions LLC Purchases New Stake in Trip.com Group Limited Sponsored ADR $TCOM

Key Points

• OneAscent Investment Solutions LLC has acquired a new stake in Trip.com Group, purchasing 8,482 shares valued at approximately $539,000 during the first quarter.
• Institutional investors now own 35.41% of Trip.com Group's stock, with several firms significantly increasing their holdings in the company this quarter.
• Trip.com Group has received mixed ratings from analysts, with a majority maintaining a "buy" rating and an average target price of $77.25.

OneAscent Investment Solutions LLC purchased a new position in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 8,482 shares of the company's stock, valued at approximately $539,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of 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 period. Capital International Investors lifted its position in shares of Trip.com Group by 0.7% in the 4th quarter. Capital International Investors now owns 8,079,203 shares of the company's stock worth $554,717,000 after purchasing an additional 53,784 shares during the period. Davis Selected Advisers lifted its position in shares of 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 period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in shares of 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 period. Finally, Janus Henderson Group PLC lifted its position in shares of Trip.com Group by 24.3% in the 4th quarter. Janus Henderson Group PLC now owns 2,412,761 shares of the company's stock worth $165,686,000 after purchasing an additional 471,768 shares during the period. Institutional investors and hedge funds own 35.41% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on TCOM shares. Bank of America boosted their price target 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. 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. Wall Street Zen downgraded shares of Trip.com Group from a "buy" rating to a "hold" rating in a research report on Saturday, April 26th. TD Securities boosted 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, Mizuho upgraded shares of Trip.com Group to a "strong-buy" rating in a research report on Friday, May 2nd. Two equities research analysts have rated the stock with a Strong Buy rating and ten have given a Buy rating to the company's stock. According to MarketBeat.com, Trip.com Group currently has an average rating of "Buy" and an average price target of $77.25.

Trip.com Group Stock Up 2.6%

Shares of TCOM stock traded up $1.63 on Tuesday, hitting $64.58. The stock had a trading volume of 1,892,546 shares, compared to its average volume of 3,499,094. The business has a 50 day moving average of $60.92 and a 200 day moving average of $61.65. The stock has a market cap of $42.19 billion, a price-to-earnings ratio of 18.72, a price-to-earnings-growth ratio of 2.99 and a beta of 0.06. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.46 and a quick ratio of 1.46. Trip.com Group Limited Sponsored ADR has a 12-month low of $41.22 and a 12-month high of $77.18.

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.