Premier Fund Managers Ltd Has $5.85 Million Holdings in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM)

Key Points

• Premier Fund Managers Ltd increased its holdings in Trip.com Group Limited Sponsored ADR by 4.8%, acquiring an additional 4,300 shares during the 1st quarter, bringing their total to 93,300 shares valued at approximately $5.85 million.
• Multiple analysts have provided positive ratings for Trip.com Group, with Mizuho upgrading it to a "strong-buy," and TD Securities raising the price target from $67 to $73.
• Trip.com Group currently has a market capitalization of $41.48 billion and a consensus target price of $77.25, indicating a generally bullish outlook from analysts.

Premier Fund Managers Ltd increased its holdings in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 4.8% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 93,300 shares of the company's stock after purchasing an additional 4,300 shares during the period. Premier Fund Managers Ltd's holdings in Trip.com Group were worth $5,852,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Cetera Investment Advisers lifted its position in shares of Trip.com Group by 0.7% during the 1st quarter. Cetera Investment Advisers now owns 22,704 shares of the company's stock worth $1,444,000 after purchasing an additional 166 shares during the last quarter. Blair William & Co. IL lifted its position in shares of Trip.com Group by 4.3% during the 4th quarter. Blair William & Co. IL now owns 5,349 shares of the company's stock worth $367,000 after purchasing an additional 219 shares during the last quarter. Natixis lifted its position in shares of Trip.com Group by 13.1% during the 4th quarter. Natixis now owns 2,703 shares of the company's stock worth $186,000 after purchasing an additional 313 shares during the last quarter. National Bank of Canada FI raised its holdings in Trip.com Group by 227.7% in the 4th 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 in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Trip.com Group by 28.3% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,633 shares of the company's stock valued at $104,000 after acquiring an additional 360 shares in the last quarter. Institutional investors and hedge funds own 35.41% of the company's stock.

Trip.com Group Price Performance

Shares of TCOM traded down $1.49 during mid-day trading on Friday, reaching $60.46. The company had a trading volume of 1,455,712 shares, compared to its average volume of 3,507,824. Trip.com Group Limited Sponsored ADR has a twelve month low of $38.23 and a twelve month high of $77.18. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.46 and a quick ratio of 1.46. The company's 50-day moving average is $61.26 and its 200-day moving average is $62.37. The company has a market capitalization of $39.50 billion, a P/E ratio of 17.52, a P/E/G ratio of 2.96 and a beta of 0.07.

Analyst Ratings Changes

Several research firms have commented on TCOM. Wall Street Zen cut Trip.com Group from a "buy" rating to a "hold" rating in a report on Saturday, April 26th. Benchmark reaffirmed a "buy" rating and issued a $80.00 price target on shares of Trip.com Group in a report on Tuesday, May 20th. Bank of America upped their price target on Trip.com Group from $68.00 to $70.00 and gave the company a "buy" rating in a report on Wednesday, May 21st. Mizuho raised Trip.com Group to a "strong-buy" rating in a report on Friday, May 2nd. Finally, TD Securities upped their price target on Trip.com Group from $67.00 to $73.00 and gave the company a "buy" rating in a report on Tuesday, May 20th. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Trip.com Group presently has a consensus rating of "Buy" and an average target price of $77.25.

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.