PDS Planning Inc Acquires New Holdings in Trip.com Group Limited Sponsored ADR $TCOM

Key Points

• PDS Planning Inc has acquired a new stake in Trip.com Group Limited, purchasing 4,092 shares valued at approximately $240,000.
• Several institutional investors have made significant changes to their holdings in Trip.com Group, including NewEdge Advisors LLC, which increased its position by 384.6% in the first quarter.
• Trip.com Group's stock is trading at $70.08, with analysts giving it an average rating of "Buy" and a consensus price target of $76.98.

PDS Planning Inc acquired a new stake in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 4,092 shares of the company's stock, valued at approximately $240,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Stone House Investment Management LLC bought a new stake in shares of Trip.com Group during the first quarter valued at about $32,000. NewEdge Advisors LLC raised its position in Trip.com Group by 384.6% in the first quarter. NewEdge Advisors LLC now owns 567 shares of the company's stock worth $36,000 after acquiring an additional 450 shares in the last quarter. Summit Securities Group LLC bought a new stake in Trip.com Group in the first quarter worth about $58,000. Allianz SE raised its position in Trip.com Group by 312.2% in the first quarter. Allianz SE now owns 1,150 shares of the company's stock worth $73,000 after acquiring an additional 871 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its position in Trip.com Group by 140.2% in the second quarter. Farther Finance Advisors LLC now owns 1,177 shares of the company's stock worth $69,000 after acquiring an additional 687 shares in the last quarter. 35.41% of the stock is currently owned by institutional investors.

Trip.com Group Trading Down 1.4%

Shares of TCOM opened at $70.08 on Monday. The business's 50-day moving average price is $70.01 and its 200 day moving average price is $63.78. The stock has a market capitalization of $45.78 billion, a P/E ratio of 19.20, a P/E/G ratio of 2.89 and a beta of 0.03. Trip.com Group Limited Sponsored ADR has a 1-year low of $51.35 and a 1-year high of $78.65. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.07.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on TCOM shares. Weiss Ratings reiterated a "hold (c+)" rating on shares of Trip.com Group in a research report on Wednesday, October 8th. Barclays boosted their price target on shares of Trip.com Group from $84.00 to $85.00 and gave the stock an "overweight" rating in a research report on Friday, August 29th. Zacks Research upgraded shares of Trip.com Group from a "hold" rating to a "strong-buy" rating in a research report on Thursday, September 4th. Mizuho boosted 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. Finally, Sanford C. Bernstein boosted their price target on shares of Trip.com Group from $75.00 to $78.00 and gave the stock an "outperform" rating in a research report on Friday, August 29th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $76.98.

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.

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