Russell Investments Group Ltd. Buys 781,916 Shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM)

Key Points

• Russell Investments Group Ltd. increased its stake in Trip.com Group by 48.7%, acquiring an additional 781,916 shares, bringing its total ownership to approximately 2.39 million shares valued at $151.72 million.
• Overall, institutional investors hold about 35.41% of Trip.com Group’s stock, with several firms, including Principal Financial Group and Cerity Partners, also boosting their positions in the company during the first quarter.
• Trip.com Group's stock received a consensus rating of "Buy" from analysts, with a price target of $77.25, as firms like Bank of America and Mizuho raised their target prices on the shares.

Russell Investments Group Ltd. increased its stake in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 48.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,386,398 shares of the company's stock after acquiring an additional 781,916 shares during the quarter. Russell Investments Group Ltd. owned about 0.37% of Trip.com Group worth $151,727,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Principal Financial Group Inc. increased its position in Trip.com Group by 4.1% during the first quarter. Principal Financial Group Inc. now owns 257,077 shares of the company's stock worth $16,345,000 after acquiring an additional 10,124 shares during the period. Cambridge Investment Research Advisors Inc. bought a new stake in Trip.com Group in the 1st quarter valued at $690,000. Cerity Partners LLC increased its holdings in Trip.com Group by 57.8% in the 1st quarter. Cerity Partners LLC now owns 21,657 shares of the company's stock valued at $1,377,000 after buying an additional 7,929 shares during the period. Baird Financial Group Inc. bought a new stake in Trip.com Group in the 4th quarter valued at $382,000. Finally, SG Americas Securities LLC bought a new stake in Trip.com Group in the 1st quarter valued at $432,000. Institutional investors own 35.41% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on TCOM shares. Wall Street Zen lowered shares of Trip.com Group from a "buy" rating to a "hold" rating in a report on Saturday, April 26th. Benchmark reissued 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 boosted their price target on shares of 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 shares of Trip.com Group to a "strong-buy" rating in a report on Friday, May 2nd. Finally, 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 note on Tuesday, May 20th. One analyst has rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Trip.com Group presently has a consensus rating of "Buy" and a consensus price target of $77.25.

Trip.com Group Stock Up 1.2%

Shares of NASDAQ TCOM opened at $59.50 on Tuesday. The firm's 50-day simple moving average is $60.98 and its 200 day simple moving average is $61.99. The company has a market cap of $38.87 billion, a price-to-earnings ratio of 17.24, a price-to-earnings-growth ratio of 2.82 and a beta of 0.06. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.13. Trip.com Group Limited Sponsored ADR has a 12-month low of $40.71 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.

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