Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) Shares Acquired by PARUS FINANCE UK Ltd

Key Points

• PARUS FINANCE UK Ltd increased its stake in Trip.com Group by 17% in Q1, owning 105,329 shares valued at approximately $6.7 million.
• Several institutional investors significantly raised their positions in Trip.com Group, with FMR LLC increasing its stake by 125.5% to over $1.7 billion.
• Trip.com Group currently has a consensus "Buy" rating from analysts, with target prices ranging from $70.00 to $80.00 reflected by recent research reports.

PARUS FINANCE UK Ltd boosted its position in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 17.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 105,329 shares of the company's stock after acquiring an additional 15,294 shares during the quarter. Trip.com Group accounts for approximately 2.3% of PARUS FINANCE UK Ltd's portfolio, making the stock its 14th largest holding. PARUS FINANCE UK Ltd's holdings in Trip.com Group were worth $6,697,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of TCOM. Arrowstreet Capital Limited Partnership purchased a new position in Trip.com Group in the 4th quarter worth approximately $8,297,000. Alliancebernstein L.P. purchased a new stake in Trip.com Group during the 4th quarter valued at $1,358,000. National Bank of Canada FI increased its position in shares of Trip.com Group by 227.7% in the fourth quarter. National Bank of Canada FI now owns 462 shares of the company's stock valued at $32,000 after acquiring an additional 321 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of Trip.com Group by 17.8% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 465,468 shares of the company's stock valued at $31,959,000 after acquiring an additional 70,414 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of Trip.com Group by 24.2% during the fourth quarter. Envestnet Asset Management Inc. now owns 144,104 shares of the company's stock worth $9,894,000 after purchasing an additional 28,107 shares during the period. 35.41% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on TCOM. Wall Street Zen lowered Trip.com Group from a "buy" rating to a "hold" rating in a research report on Saturday, April 26th. TD Securities raised 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. Bank of America boosted their price target on Trip.com Group from $68.00 to $70.00 and gave the stock a "buy" rating in a research report on Wednesday, May 21st. Mizuho raised Trip.com Group to a "strong-buy" rating in a research report on Friday, May 2nd. Finally, Benchmark reaffirmed a "buy" rating and issued a $80.00 price target on shares of Trip.com Group in a research report on Tuesday, May 20th. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $77.25.

Trip.com Group Stock Up 1.2%

Shares of NASDAQ:TCOM traded up $0.73 during trading on Wednesday, reaching $61.90. The stock had a trading volume of 1,512,797 shares, compared to its average volume of 2,268,901. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $40.44 billion, a P/E ratio of 17.94, a PEG ratio of 2.93 and a beta of 0.06. The firm's 50-day simple moving average is $61.21 and its 200 day simple moving average is $62.26. Trip.com Group Limited Sponsored ADR has a one year low of $40.71 and a one year 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.